Stockland submits application for new $150m expansion
STOCKLAND has submitted a development application seeking planning approval for a $150 million redevelopment of the Stockland Gladstone Shopping Centre.
Stockland regional development manager commercial property Geoff East said the company was keen to make a significant new investment in the city.
"We're very keen to transform what is already Gladstone's prime retail destinations into an even more modern, exciting and thriving shopping and entertainment centre," Mr East said.
"We're planning big improvements at Stockland Gladstone which, if approved, will include two redeveloped discount department stores, a redesigned supermarket and a vibrant new mix of specialty retailers and restaurants."
Stockland estimates the $150 million redevelopment will create more than 660 jobs during construction, 400 new long-term employment opportunities once the new centre is complete, and about 1000 additional jobs for local suppliers and service providers within the regional economy.
The new application, submitted to Gladstone Regional Council, relates to a proposed redevelopment of the western expanse of Stockland Gladstone, which would almost double the available floor area within this section of the centre.
The application follows recent council approval for an extension of the East Mall of Stockland Gladstone, with the first phase of construction scheduled to begin in April.
Subject to council approval, Stockland will schedule its proposed construction program for the entire redevelopment to minimise any possible disruption to customers and retailers, ensuring the centre remains operational during its redevelopment.
When the entire redevelopment program is complete, the total floor area will be more than 44,000sqm.