Plans for a $65 million home and lifestyle retail precinct stretching over 18,000sqm have been unveiled.
The Aura Home + Life project is set to provide 12 to 16 large-format retail tenancies ranging in size from 350sqm to 5000sqm.
It is expected the stores will include electrical goods, furniture, pet supplies, homewares, automotive and recreational products, as well as up to two food and beverage outlets and 400 car parks.
The project will be delivered by Canberra-based Capital Property Group and is expected to create up to 100 new local jobs during construction and more than 200 permanent and casual jobs on completion.
Occupying a prime location on the corner of Graf Drive and Aura Boulevard, adjacent to the Aura Business Park, the site offers easy access to the Bells Creek Arterial Road and Bruce Highway.
Construction is expected to commence in early 2025, with completion and stores open for trading in early to mid-2026.
Capital Property Group head of property Richard Snow said the project would bring a high-quality retail offering to the Aura community, Caloundra and the hinterland towns west of the Bruce Highway.
“With the Sunshine Coast’s population set to exceed 540,000 by 2046, we see significant potential to invest in the region by providing key amenities to support the growing needs of the population in the decades ahead,” Mr Snow said.
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“We are excited to be at the forefront of this growth and to contribute to creating a thriving, future-focused community.”
Capital Property Group is a family-owned company with a 40-year history in commercial and retail development. It is an investor, alongside Stockland, in the broader Aura residential development.
Stockland Aura project director Josh Sondergeld said Aura Home + Life would be an exciting addition to the master-planned community.
“This new home and lifestyle hub will bring together a vibrant mix of home and lifestyle retailers to keep our residents and the community well connected to everything they need, while also creating local jobs and driving economic growth within Aura,” Mr Sondergeld said.
“We’re pleased to be working with our partners to deliver this precinct, which reflects our commitment to building vibrant communities where people can live, work and play.”
For more on Aura Home + Life click here. Leasing inquiries can be directed to Damian Crocetti from Transact Capital.
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