Lake Macquarie Council has unveiled plans for a $90 million, 30,000 square metre retail development in the Bennetts Green area.
Set to be the most significant project since the Charlestown expansion of 2010, the complex is expected to create around 825 construction jobs and 600 retail positions.
Mayor Kay Fraser says the project represents a significant economic advancement for the local area.
"It will be a huge boost for the Bennetts Green, Windale, Gateshead area," she said.
"We've had a huge amount of development in the Mount Hutton and Charlestown areas," Mayor Fraser continued, "we've recently approved a 15 storey development in Charlestown and we've had residential investment in Mount Hutton and also a $58 million investment into the redevelopment of Mount Hutton shopping centre."
Council initially sold the site for $20.3 million in January, 2016 to Hydrox Nominees - a land-holding company for Masters Hardware.
Approval was granted in 2015 for a Masters outlet, bulky goods units and a restaurant, but with the retail chain's demide, the land was sold to Spotlight Group.
The retail complex will now host well-known chains such as; Bunnings, Anaconda, and Spotlight as well as several fast food restaurants and a service station.
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| Artist's impression of the complex. |
