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Another mega mall for Fyshwick?

By johnboy - 27 September 2009 29

As a libertarian my heart thrills to see laissez faire economics driving retail planning in the ACT.

Let the chips fall where they may! Let the businesses that can’t attract custom fall by the wayside!

So imagine my joy to see a Canberra Times report that Harry Notaras Investments is planning to build another enourmous shopping mall out in Fyshwick!

    Property developers Harry Notaras Investments have lodged a building application for the centre with the ACT Planning and Land Authority.

    The development, described as a bulky goods retail centre, is on the corner of Iron Knob and Beaconsfield streets, next to the Direct Factory Outlet shopping complex. It will have 11 shopfronts spread over 7094sqm of floorspace and open-air and basement parking for more than 250 cars.

    If approved, the complex will be the second development on the 24ha EpiCentre industrial estate.

It’s so nice to see the dead hand of measured planning consigned to the dustbin of history. We’re not competent to do planning anyway.

What’s Your opinion?

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29 Responses to
Another mega mall for Fyshwick?
Clown Killer 12:02 pm 29 Sep 09

Gungahlin Al, the BCF stores a remarkably similar to Anaconda.

Gungahlin Al 11:21 am 29 Sep 09

I want an Anaconda.

It pleases me immensely on the rare occasion I venture into Brand Depot (there’s one decor shop there I like) to see it echoing with emptiness and absence of customers. Take your abuse of all good town planning and stick a Bramd Depot up your bank balance Snow family!

Therefore it pleases me immensely to think the DFO precinct could be extended and thereby further contribute to the Brand Depot demise.

Now if we could get the Federal ALP government to live up to Bob McMullen’s promise to stop further departmental relocations to the airport. I hear that Defence have signed up more space in those big empty ones near Bland Depot. Very disappointing Mr McMullen.

emd 10:56 pm 28 Sep 09

Ah well, if there’s a chance of an IKEA then I have no complaints at all… although I’m not holding my breath for that either.

H1NG0 9:29 am 28 Sep 09

I went out to Brand Depot this weekend for the first time in a while and was pleasantly suprised. There seems to be many more new shops there. The last time I went there it was like a ghost town.

fox 7:43 am 28 Sep 09

I’m with you Punter!

GottaLoveCanberra 12:21 am 28 Sep 09

I wonder if it will get filled as quickly as that new one out in Tuggers near the NRMA.

bd84 8:54 pm 27 Sep 09

The development application for those interested. With one tenancy at about 2800m2 it looks and having it’s own loading dock, it looks to be an attempt to draw a supermarket. Might not be a bad location for those working in Canberra to be able to stop off on the way home over the border.

dtc 8:16 pm 27 Sep 09

doubt it will be an Ikea – but Costco is eyeing off Canberra. Although it will usually want more space (its Melbourne store is 13000 sq m)

Punter 6:20 pm 27 Sep 09

I have my fingers crossed for an Ikea outlet in Canberra.

hax 5:35 pm 27 Sep 09

Finally! Just when I was thinking ‘there’s simply nowhere to shop’

GregW 4:18 pm 27 Sep 09

emd –

I cannot think of one single disadvantage of building more retail space, even if there are high vacancy rates at the moment. Businesses get cheaper leases, customers get cheaper products, everyone gets newer infrastructure, the government gets increased revenue, and the local economy gets a shot in the arm from the construction work, and from having more shops which would previously have been unable to survive.

Also, while vacancy rates are at a high in the ACT, they are still very low compared to the other capital cities. I assume Harry Notaras Investments are capable of at least market research and they still decided to go ahead with the project..

I don’t believe there is a particular shortage of small tenancies compared to larger tenancies. Indeed many larger companies have struggled for many years to find enough space to set up shop (Big W, Superbarn, Bunnings, Dendy, Magnet Mart etc..), besides surely what Canberra “needs” is better determined by the people who actually have to sell the space in the first place. If there is anything Canberra really “needs” it is greater competition, the present single large mall in every town center and minimal strip mall-style shopping is very dangerous. I believe the plan is not to repeated this mistake in Molonglo but we’ll see..

Mr Waffle 12:05 pm 27 Sep 09

But… DFO isn’t even full?

Trunking symbols 11:54 am 27 Sep 09

How long before the Snow brothers sue over this?

emd 10:21 am 27 Sep 09

So commercial vacancy rates are at an 11 year high, and they’re still building more space… What do they think is going to happen? Especially when landlords for most existing vacant retail spaces aren’t negotiating lower rents or shorter lease terms. Besides, what Canberra needs (particularly in difficult economic times) is more small retail space for start-ups – there’s no shortage of big floorspace for large chains or established independents, but the lack of start-up retail space makes it harder for new businesses to establish and improve consumer choice.

bloodnut 10:06 am 27 Sep 09

For those with an interest in the banal, The Saraton building on London Circuit is actually ‘Notaras’ Spelt backwards.

Very Dan Brown.


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