Supermarket back on table as new owners take over
IN the wake of debate about Warrego Hwy roadworks damaging profits to businesses in Withcott, a major development has been announced.
The proposed IGA supermarket development is back on the table after new owners took over the project after the property was sold at an auction in June and settled in August.
Colliers International commercial agent Peter Hall said the project wasn't affected by the January 2011 floods but had its fair share of complications due to the development process.
"Basically there was a drawn-out DA approval, then we hit the GFC crash and then the rain event last year took a while to get things back on track," he said.
"Withcott should have had a shopping centre a long time ago.
"It's planned to be directly behind the existing shopping centre and the service station with an entrance from Jones Rd.
"As of yesterday, the new owners, which are a Sydney group, were talking with the architect and getting everything rolling for the council application."
Mr Hall said the plans were in place to have the centre open by the end of next year at the earliest.
"The project has been going for about four years, when we first starting meeting with council in August 2008 and there were a lot of issues with Main Roads that were holding it back," he said.
"The first owners basically could not afford to carry on with the development after the time and effort it had taken to get the project back on track so the site went to auction.
"Prior to the floods, there was flood mitigation that was taken into consideration, so that is not a major concern for the development."
The shopping centre will have Supa IGA as the anchor tenant and two small shops linking the building to the existing shopping centre, which, at this stage, are reported to be a cafe and bottle shop.Withcott