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Stage six of Homeworld begins as Northern Gold Coast thrives

A THRIVING Gold Coast retail hub has begun a new $20 million expansion project as part of a long-term master plan development worth hundreds of millions.

Homeworld Helensvale, which first opened in 2009, has begun work on a new 16-pump Caltex with associated Star Mart convenience store and new neighbouring health and lifestyle precinct.

The new area, dubbed the stage six of the northern Gold Coast site, fronts Hope Island Rd with negotiations for eight of 16 tenancies already under way.

Site foreman for homeworld expansion

Site foreman Peter Canavan. Photo: Jerad Williams

Developer Macpro Properties managing director Grant McLellan said stage six was part of a long-term masterplan to eventually double Homeworld’s size during the next five to eight years and cater for the booming northern Gold Coast.

Mr McLellan couldn’t speculate on the cost of the planned overall future investment but said it could be $300 to $400 million and include preliminary approval for a 425 residential units.

Stage six measured 6000sq m while the long-term expansion would be 10 times that size, he said.

“The existing (Homeworld) development is pretty much fully leased and that’s what has led to stage six.

Artist impression of homeworld expansion

An artist impression of the new shopping centre.

“The northern Gold Coast is a regional destination now and trading very strong with all the housing growth. There are a lot of businesses looking to expand into the area.”

As an example of the growing northern Gold Coast — which included Upper Coomera — Mr McLellan said Homeworld attracted 850,000 cars in its first 12 months seven years ago.

Now it attracts about 1.8 million car trips a year.

Despite not being able to discuss who prospective stage six tenants were while negotiations continued, they included medical and professional services plus retail and hospitality.

Homeworld asset manager Linda Durant said: “We have already had strong interest from medical and professional services as well as retailers and hospitality.”

It is expected stage six will be completed by late 2017.

Mr McLellan, a joint venture partner in Homeworld with Les Aynsley, said the existing entrance was created with the long-term development in mind.

“Traffic issues relate to the (nearby) overpass but access to our site is OK.”

Mr McLellan said ongoing Department of Main Roads work in the area was aimed at improving traffic flows.

Ryan Keen, EXCLUSIVE, Gold Coast Bulletin

July 25, 2016 8:12am

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