This article is from the Australian Property Journal archive
CAPITAL Bluestone has secured the signatures of supermarkets Woolworths and Aldi as major tenants at Bay Central, just 1km from Woolooware train station.
In addition, subject to liquor licence approval, a large format bottle shop is planned for the precinct. The latest commitments mean more than 40% of the centre is leased to major national retailers.
Capital Bluestone has indicated it is close to announcing further significant tenant commitments which will see overall commitment exceeding 14,000 sqm. Including leases to childcare, gymnasium, pharmacy and ancillary medical services as well as key commitments to the dining and restaurant precinct.
Managing director Ben Fairfax said the fresh food precinct is targeting a market style fruit & vegetable operator as well as a seafood operator, butcher, delicatessen and artisan baker that will see Bay Central become the premier fresh food centre for Sutherland Shire.
“Bay Central will not only be a place for people to shop but also a place for the local community to socialise, make connections and dine. It will fill a gap in the local retail offering and bring new levels of amenity to people living at Woolooware Bay and beyond. We see Bay Central as being the Sutherland Shire Town Centre,” Fairfax said.
“For residents, the new Bay Central offers convenience and choice. For retailers, the fundamentals are compelling. The Woolooware Bay Town Centre community will be home to more than 2,000 residents on completion, while drawing on a much broader catchment, due to the uniqueness of offer and key anchor tenants,”
In all, the 18,000 sqm Bay Central will house the major tenant announcements plus more than 50 specialty shops, with tenancies ranging from 70 sqm to 1,000 sqm. It will feature two waterfront restaurant precincts with alfresco dining, and include secure and under cover parking for 770 vehicles.
Bay Central forms a key part of the final stage of the $1 billion Woolooware Bay Town Centre community, which will also include approximately 250 apartments integrating key worker homes, and a revitalised Cronulla Sharks Leagues Club.
Australian Property Journal
