image source: Bayside News
UPDATE 2nd December, 2019: ProBuild has won the contract for the Karingal redevelopment.
ProBuild has been announced preferred builder for the redevelopment of Karingal Hub shopping centre in Frankston.
The $62 million project, which was approved by Frankston City Council in October last year, will see the refurbishment of existing stores, as well as the creation of a Town Centre and community meeting room.
An additional 12,012 sqm of floor space will be created for three full line supermarkets, one discount department store, redevelopment of the existing leisure and entertainment precinct and a multi-level underground car park with 762 spaces.
Construction is expected to create 200 jobs, with a further 300 full and part time jobs opening up within the centre upon completion.
Also proposed in the original plans was relocation of the Karingal Hub bus interchange to ease traffic flow and improve pedestrian access.
Related News: Probuild Announces Structural Shakeup
Frankston City Council called the investment by ISPT Super Property, which owns Westfield Doncaster and Barkly Square in Brunswick a “huge boost” for the area.
The project will add to Probuild’s $5 billion pipeline, which includes UEM Sunrise’s Aurora Melbourne Central dual-branded hotel tower and Far East Consortium’s The Tower and Ritz Carlton at Elizabeth Quay in Perth.
Probuild has also recently delivered the major $430 million redevelopment of The Glen shopping centre in Glen Waverley, which saw 78,000 sqm of gross lettable retail space created for over 250 retailers and two new dining precincts.
No commencement date has been announced, however Conecta will provide updates on the project as it progresses.
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