A development application has been lodged for a $40M retail centre in Devonport, Tasmania with Woolworths confirmed as the anchor tenant.
Stony Rise Village will be built adjacent to the suburb’s Devonport Homemaker Centre. The 7,500sq m neighbourhood retail centre is scheduled to open in 2024.
Developer Tipalea Partners says a leasing campaign will commence later this year for a variety of tenants to co-locate with Woolworths, which will take 4,000sq m, including a 400sq m online direct-to-boot and pick-up service.
Scott Spanton, CEO of Tipalea Partners, says the centre will provide convenient everyday shopping facilities for the booming residential populations in Stony Rise, Miandetta and further south to Latrobe, Spreyton, Sheffield and other suburbs.
“The local community population is on such a high-growth trajectory, and Stony Rise Village is an essential retail infrastructure that supports and enables this growth – these residents shouldn’t have to battle into the CBD to do their basic everyday shopping,” said Spanton.
