$370 million boost for Melbourne's Werribee Plaza
Victoria’s Werribee Plaza Shopping Centre will see a $370 million redevelopment, according to the Pacific Group of Companies (PGOC) who have announced that they will provide these funds with construction underway.
The redevelopment, set to expand the Centre’s size by more than 35,000 square metres with fashion, fresh food, dining and entertainment precincts, will also see the plaza adopt a new name – ‘Pacific Werribee’.
It appears the plan is to reposition the plaza as the new premier retail destination of Melbourne’s western suburbs.
It is located in the Wyndham region, at the centre of the western corridor that has been experiencing significant population growth.
The development will include a two-level Myer store, Target store, 120 new shops and kiosks, a new fresh food precinct branded ‘Hunter & Gatherer’ that will include a Woolworths and an ALDI, a Village Cinemas redevelopment with two new Gold Class Cinemas and 1,500 additional car parking space.
PGOC’s Graham Terry said that the development will be an asset for the rapidly growing area.
A new 10-bus terminal interchange, and outdoor al fresco restaurants and cafes will also be included.
Pacific Werribee will also be reclassified from being a ‘sub-regional’ centre to a Regional Shopping Centre due to the addition of the two-storey, 12,500 square metre Myer department store.
The key completion dates include the early-2014 opening of the bus terminal, early-2015 opening of the dining and entertainment precinct, mid-2015 opening of new Target and speciality stores, mid-2016 opening of the Myer and more speciality stories and late-2016 opening of the food precinct.