Northcote Plaza Set to Receive $500M Revamp


News of Melbourne’s inner north’s shopping centre, Northcote Plaza, to receive a $500m renovation has surfaced as Les Smith has submitted his plans to the Darebin City Council for review.

Northcote Plaza is a sizable centre, spanning 18,000 sq m and including; two Coles supermarkets, Kmart, ALDI and independent food facilities and has not been renovated since 1981.

Les Smith’s LAS Group’s plans to expand 15,000 sq m of the centre and sees the project as an opportunity to rejuvenate the shopping precinct in Northcote with a 28-storey tower, cinema and what has been described as city-style laneways.

Over the last five to ten years, Northcote’s High Street has seen more and more built to rent apartment buildings as gentrification has taken place.

Les Smith has said that he is aware of this and has that his plans aim to meet the needs of an increasingly gentrified community.

LAS Group’s plans also include adding 6,500 sq m of new green space to tie in with the All Nations Park located at the foot of the plaza.

The plans for the plaza are ambitious and Mayor of Darebin City Council has said that she was as surprised as the local Northcote community when she heard about the 660 apartment building tower being proposed.

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Local residents have taken to social media to voice their concerns about the tower and have said that the LAS Group’s plans will remove the character from their neighbourhood.

A similar response came from residents of Fitzroy North last year when the owner of Piedimontes supermarket announced his $45 million plan for 89 apartments to be built on top of the independent supermarket.

If the project is given the green light it is expected that it will create 600 new construction jobs available from as soon as late 2021.

LAS Group is currently taking prices for One Wellington, their family-oriented apartment development in St Kilda that accommodates over 250 apartments.

LAS Group also completed the Fawkner Residences apartment development which was built by Icon. Icon built the 70-storey-high tower on St Kilda Road which is valued at $300m.

Icon, LU Simon, Hickory, Crema, Multiplex and Hamilton Marino are likely to tender for this development if plans are approved by the Darebin City Council.

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Image Source: Northcote Central

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