14 December 2014

Casey Market Town - Start of Development

| Canfan
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Newly sworn Chief Minister Andrew Barr undertook his second official role at the Casey 4 Estate in Gungahlin. Back in October 2012 he, as Treasurer, joined with the then Chief Minister, Katy Gallagher, to celebrate the start of development of the subdivision. There are now over 200 houses constructed and occupied in the Estate.

Last Friday, as Chief Minister, he turned the ‘SoD’ for Casey Market Town, Canberra’s newest retail Group Centre.

Taking inspiration from ‘Market style’ shops in Ferry Road and James Street Markets in Queensland, Casey Market Town is proposed as a new style of retail convenience not seen before in Canberra.

The anchor tenants to the Shops will be a 3,600m2 full line Supabarn supermarket, alongside a traditional 1450m2 Aldi. Negotiations are also well underway for a pharmacy gymnasium, drink establishment and numerous food and takeaway outlets. In all there are proposed to be 29 other ‘specialty tenancies’ alongside the supermarkets.

The developer of Casey Market Town (Worth Street Pty Ltd, a joint venture between Construction Control and the Koundouris Group) engaged Cox architects to design the Centre. They were seen to have the necessary experience as they had designed Ferry Road and James St Markets, and are also recognized for their innovation of the North Quarter in the Canberra Centre, which was also built by Construction Control. Coincidentally Supabarn and Aldi are the anchor supermarket tenancies in that Centre.

Leasing agent for the Centre, Mark Thompson from LJ Hooker Commercial when asked stated “market enquiry, particularly for national food operators, has been strong, but the developers are also keen to see a solid representation of locally owned and operators in the Centre to provide variety and choice”. The inclusion of a gymnasium adds to the developers’ tag line for the Centre, which is “Eat well, live well”

Casey Market Town at completion will comprise over 11,000m2 of retail space serviced by an enclosed light filled arcade. The Centre will provide for over 400 at grade car spaces at its doorstep, and will be the largest retail holding outside of the Town Centre in Gungahlin.

Construction is set to be at full speed early in 2015 with a targeted completion timeframe of less than 12 months.

The Centre will sit alongside the 7Eleven services station in Casey, also developed by Worth Street, which will open prior to Christmas 2014. Other development to be constructed directly adjacent to the retail precinct will be 2 affordable housing projects in 2 and 3 storey design. These residences will also be designed by Cox emphasising their integration with the Market Town. Wayne Harriden and Paul Corazza from Independent Property Group, have successfully marketed the subdivision to date, and will also be handling the sales of the affordable housing.

(Worth Street Pty Ltd Media Release)

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