A shopping complex expansion in a booming suburb is expected to be completed later this year.
Construction is ongoing at the Peregian Springs Shopping Centre, where new retail and lifestyle offerings are on the way.
The precinct currently comprises of 18 outlets, including a Coles supermarket.
But the 1492sqm expansion will introduce more casual dining options, an upgraded Jetts gym with state-of-the-art facilities, modern office spaces and at least 13 new services and specialty stores.
The facilities, along with car parks, will be located on the southern side of the shopping site at 1 Ridgeview Drive.
Savills manages and leases the shopping centre for the owner Dearmer Investments.
Want more free local news? Follow Sunshine Coast News on Facebook, LinkedIn and Instagram, and sign up for our FREE daily news email.
Savills Asset Management retail manager Monique Rodrigues said the expansion would meet the needs of the bustling local community and surrounding areas, including Coolum, Noosa and Maroochydore.
“With the Sunshine Coast being one of the fastest-growing regions in Australia, this expansion is perfectly timed to provide greater retail diversity and convenience to local families and businesses,” she said.
“This project represents a significant investment in the local economy, reinforcing Peregian Springs Shopping Centre as the heart of the community.”
Construction started early last year.
Structural development and infrastructure upgrades are well underway before internal fit-outs and tenancy allocations are carried out. It’s expected to be completed by late this year.
The multi-storey expansion, designed by CCN Architects, is being built by Hutchinson Builders.
It will essentially consist of two wings connected by a lobby.
Target tenant usages for the new spaces include food and beverage operators for the ground floor, with tenancy sizes ranging from 57sqm to 108sqm.
A variety of offices, services and allied health operators are being sought for level one spaces that range from 63sqm to a full-floor plate of 407sqm.
There is also a development across the road, where a proposal for a tavern has been discarded to make way for more apartments.
