A $62 MILLION dollar expansion of Karingal Hub shopping centre has been given the green light by council.
The major redevelopment of the centre is set to introduce more space for retail outlets and restaurants, a “town centre with a community meeting room”, and an additional 762 free car parking spaces.
The centre is managed by ISPT Property, who had their application approved by Frankston Council at the 22 October meeting.
“This is excellent news that our city is attracting investment on this scale which will bring jobs and visitors to our region. The community will really be able to see the benefits of having a wider retail offering, as well as even more dining options on our doorstep,”
Frankston mayor Cr Colin Hampton said.
“While the shopping may bring in the visitors, the proposed town centre will be a real asset for locals. It aims to provide a community focal point, connecting the entertainment and retail centres.
“Outdoor dining terraces, a new two level restaurant/café and a fenced children’s play area are exciting new additions which will only add to the lifestyle currently on offer in Frankston City.”
Construction on the project is expected to begin within the next two years.
The same meeting in which this development was approved also saw council agree to meet with Bayside Shopping Centre to discuss a way forward that might involve free parking.
Only 55 per cent of millennials aged between 25-39 own their home, compared to 70 per cent of baby boomers at the same age in 1991 and 65 per cent of Gen X in 2006. This dramatic shift reflects more than just affordability challenges – it represents a fundamental change … Read more
You don’t have to travel to northeast US to enjoy the distinguished style of the Hamptons. Traditionally a summer colony where wealthy New York City dwellers would decamp for the hotter months, the Hamptons “look” has become so popular that it’s now emulated the world over. Synonymous with light-hued palettes, … Read more