Owners of Surfers Paradise property could be happy to know the first retail stage of the Coomera town centre was greenlit by the City Planning Committee earlier this week (March 19), which could be good news for the future development of the region and its economy.
The major commercial site will provide the region with a variety of new employment opportunities, including a shopping centre, cinema complex, fast food premises, service industries, tavern, nightclub and convenience store, which will take up approximately 93,320 square metres of space.
Acting Mayor Donna Gates said this was huge news for the region, especially for residents living in the northern suburbs.
“This development will in the long term be a tremendous boost for the immediate community in terms of the provision of much needed retail and services, as well as potential job creation for the city,” said Ms Gates in a March 19 statement.
The master plan for the town centre allows for 25,000 properties to be created in the area, accommodating approximately 50,000 new residents in the region. Economic growth in Surfers Paradise is expected to take off over the next few years, which could offer a great opportunity for investment in Main Beach real estate.