Australia Fair to begin major renovation
Spring has sprung, particularly in Southport, following this month’s commencement of a multi-million dollar redevelopment at the iconic Australia Fair shopping centre.
Australia Fair owners YFG Shopping Centres said the $25 million revamp would greatly extend the scope of works already underway at the adjacent new precinct, Australia Fair Metro.
YFG said the second stage of redevelopment would run over the next 12 months, and will see the centre re-emerge as a contemporary retail offering, adding to the reinvigoration of Southport - the Gold Coast's CBD.
Australia Fair general manager Ramon Otten said the centre was committed to providing an “all-new” retail experience for shoppers.
"Australia Fair was first built in the early 1980's and is proud of its long-standing role as an integral part of the Southport community," Mr Otten said.
"Australia Fair is located within one of the country's most exciting and dynamic locations, and as the Gold Coast prepares to welcome the eyes of the world for the Commonwealth Games in 2018, we are thrilled to reveal a greatly enhanced offering to the community and our visitors through this major redevelopment project."
The next stage of redevelopments will include the unveiling of a stylish fresh facade fronting Scarborough Street and the ground floor to be upgraded from the Scarborough Street entrance to the existing Tap and Grind Cafe.
It will also see the entire renovation of Coles supermarket (which will continue to trade while works are completed) following the recent revamp of Kmart and Event Cinemas.
Current retailers are either relocating within the centre or are investing in new fit-outs to complement the contemporary finish of the mall, with management set to announce a host of new retailers in the coming months.
Marked as a priority area for re-development, Southport has attracted a total of $5 billion in private and public investment on initiatives which aim to boost the location as a key business, leisure and retail hub.
The redevelopment will contribute to the revitalisation of the broader Southport region, as it capitalises on current infrastructure initiatives including the G:Link light rail network and the new world-class Chinatown precinct
News of the revamp follows three other Gold Coast shopping centres' also undergoing redevelopment.
Robina Town Centre will open a new $160 million foodie precinct titled 'The Kitchens', later this year; outlet centre Harbour Town has completed most of its $20 million revamp and Pacific Fair has unveiled a $685 million redevelopment that commenced in January 2014, further cementing the Gold Coast as a major shopping destination.