Tipalea Partners has acquired a 3.5-hectare site in Kingston, representing its third Tasmanian development since 2019.
Prominently located opposite Bunnings at 202 Channel Highway, the site is set to become a $40 million state-of-the-art neighbourhood retail centre to be known as Spring Farm Village – delivering critical new infrastructure and local employment to the growing Kingston region which is earmarked to see an influx of more than 7,000 residents in the next 20 years.
The 6,300 square metre Spring Farm Village will be the third retail centre to be developed recently in Tasmania by Tipalea, following its successful Glebe Hill Village in Howrah, Hobart and current Stony Rise Village project in Devonport.
Spring Farm Village is expected to create employment opportunities for over 1,200 people, bringing the total number of job opportunities created by Tipalea in Tasmania to 3,500 over the last 4 years.
The state-of-the-art retail centre will feature an expansive, latest generation Coles supermarket with a significant drive-through and click-and-collect offering. At 4,200 square metres, the proposed supermarket will be one of the largest in the region and will accompany 15 other retail facilities – including medical and dental services, a café, bakery and takeaway food options. Visitors will be greeted by engaging public art alongside over 300 convenient car bays with safe and easy access for pedestrians.
Renewable energy and green technology will be at the forefront of the new retail centre, with Spring Farm Village featuring a full solar array, rain water harvesting and charging stations for electric vehicles.
It will combine cutting-edge technology and security features, including cloud-based CCTV, a dedicated smart building app, duress intercoms, car counters and licence plate recognition software. High-quality, inclusive amenities will be standard throughout the new development, such as generous bathrooms and a welcoming, gender-neutral parents’ room. Free wi-fi, a weather station and wireless charging stations only add to the centre’s outstanding amenity.
Research by Tipalea’s team has estimated that the broader Kingston catchment is home to just under 60,000 residents, having grown by 6,200 people in the last five years alone. This figure is expected to increase by a further 7,300 over the next twenty years. With one full-line supermarket generally required for every 8,000 – 10,000 residents, the catchment has room for up to six full-line supermarkets. However there are only three others within the catchment – pointing to strong demand from the community.
Tipalea anticipates that following the necessary Council approvals being hopefully secured in 2023, construction will commence early next year, with completion due in early 2025.
For more information about Spring Farm Village:
https://www.springfarmvillage.com.au/