- DA has been submitted to the Devonport City Council
- The retail centre will be 7,500 sqm, with Woolworths to anchor
- Will feature an EV charging station
Leading retail property developer Tipalea Partners has announced the lodgement of a development application with the Devonport City Council for a new 7,500 sqm retail centre.
The $40 million project, set to be delivered in 2024, will be located on the corner of Stony Rise Road and Friend Street, adjacent to the Devonport Homemaker Centre. The new neighbourhood retail centre is expected to generate over 700 jobs.
Woolworths has already committed to a lease as an anchor tenant, with a full-line 4,000 square metre supermarket. About 10% of this space will go towards dedicated online direct-to-boot and pick-up services.
“Stony Rise Village presented an exciting opportunity for Woolworths to deliver a convenient, brand new full-line supermarket for our customers outside the Devonport CBD,” said a Woolworths spokesperson.
Tipalea will commence a retail and food outlook leasing campaign later this year.
The announcement comes as the demand for retail increases due to the growing residential base in Stony Rise. The centre will also serve residents in Miandetta, Latrobe, Spreton, Sheffield and other neighbouring suburbs.
“The local community population is on such a high-growth trajectory, and Stony Rise Village is 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 Tipalea Partners CEO, Scott Spanton.
“Not only does it underwrite the continued growth of Devonport, but it importantly delivers convenience, choice and competitive prices to the local community.”
“Stony Rise Village will also be the most technologically advanced neighbourhood centre in the north-west with a full solar array, EV charging stations, weather station, free wifi, wireless charging stations, a dedicated smart building app, cloud-based CCTV throughout, car counters, duress intercoms and a building information dashboard.”
Scott Spanton, Tipalea Partners
Mr Spanton added that Stony Rise Village is also expected to generate about 200 construction jobs, leading to more than 500 permanent retail jobs upon completion.
Council and State government approvals are anticipated to occur by the end of the year, allowing for construction to begin next year and be completed by 2024.
The developer is also presently working on the 5,900 sqm Glebe Hill Village shopping centre in Hobart, the first new neighbourhood shopping centre in the growing Tamsnaian capital in over ten years.
Stony Rise Village will be the fourth project undertaken by the group in the state.
Outside of Tasmania, the developer has completed a range of neighbourhood retail centres such as in Mackay, Pimpama on the Gold Coast, Muswellbrook in the Hunter Valley, along with a major project in Launceston.
All of these centres have focused on Tipalea’s core competency of convenience-based, non-discretionary retail.
