Kennedy Plazaopens mid-year
By ED SOUTHORN
THE $7.5 million Kennedy Plaza redevelopment in West Tweed is due to be completed by mid-year, according to the landmark project leasing agent.
Steven Black, of the Burgess Rawson commercial estate agency, yesterday said the Kennedy Drive shopping centre would include an IGA supermarket and a medical centre, which will be adjacent to the Tweed Night and Day Pharmacy.
Mr Black, whose father Allan's company Kennedy Plaza Pty Ltd is the project developer, said although some building work had not yet commenced, the anticipated completion date remained June.
Existing businesses on the site - including the Endless Summer nursery, Beckett's Gourmet Pies and Bakery, the Bay Boozatorium and the pharmacy - are part of the redevelopment.
Mr Black said the IGA super- market would be the anchor tenant. The medical centre also would become a major focal point for the local community, he said.
Negotiations were continuing with other possible tenants, including a newsagent, movie rental outlet, an estate agency and restaurant.
As well, Banora Point hair dresser Saks has opened a second salon as part of the Kennedy Plaza project.
The redevelopment will feature a landmark large, two-faced clock atop the shopping centre's main sign on Kennedy Drive.
The low-rise shopping centre project, which backs onto Meridian Way, also includes landscaping and off-street car parking fronting Kennedy Drive opposite Diamond Place.
The redevelopment has a total of more than 70 car parking spaces.
Leasing terms for prospective tenants are five years plus options for further years.