Woolworths has been named as the anchor tenant for the $15 million shopping precinct at The Waterfront, Shell Cove.
Stage one of Shell Cove town centre, comprising a 4450sqm retail precinct, will be integrated with the new boat harbour. Construction is expected to start in the second half of 2017, with the first stage to be officially opened by the end of 2018.
Shell Cove is a joint development between Shellharbour City Council and Frasers Property Australia.
The 3800sqm Woolworths supermarket will be complemented by nine specialty retailers, in addition to a piazza and public art showcased in the main street.
The development application for the retail component has a Capital Investment Value of $15 million, and was approved earlier this week.
The second stage of the town centre, currently in the design phase, is a mixed-use dining precinct that will include three storeys of apartments above restaurants and cafes.
The restaurants will include alfresco dining linking to the harbour foreshore and timber boardwalk.
Stage two is scheduled to be completed by the end of 2019, at which point the boat harbour and marina are expected to be in operation.
Shellharbour Mayor Marianne Saliba said the supermarket and retail space would be a lively hub for the new community, providing jobs and boosting the local economy.
Glenn Colquhoun, development director – Shell Cove, Frasers Property Australia said securing Woolworths to The Waterfront and the start of stage one construction of the town centre was a key milestone.
The Woolworths will incorporate a BWS store.
Frasers Property and the council say they are also targeting a mix of retailers for the specialty tenancies such as cafes, a hairdresser and fresh food retailers.
Meanwhile, hotel and serviced apartment operators were recently sought for the site located at the northern end of The Waterfront.
The 3273sqm site for sale on Harbour Boulevard is earmarked for hotel or serviced apartments use.
Council and Frasers Property appointed Colliers International to co-ordinate the sale of the hotel site via an Expressions of Interest campaign, which closed in May.
Mr Colquhoun said they had received “some very good offers, and we’re in the final throes of negotiation with a party at the moment”.
In accordance with the Shell Cove master-plan, the purchaser of the site will develop a hotel or serviced apartment complex up to 11 storeys in height, to comprise at least 120 rooms with some residential capacity.
It is anticipated the hotel or serviced apartment complex will open in 2022.