A developer is planning a radical overhaul of a popular shopping center on the northern Gold Coast. Here’s what’s planned.
Developer John Potter is planning a $25 million new look for a prominent section of the retail and commercial strip that has been part of Coomera East for decades.
He has bought the Coomera Village shopping center south of Dreamworld and intends clearing the site and using it for a project called Coomera Collective.
The venture, subject to development approval, will deliver a service station, health services, food and drink outlets, outdoor seating and parking.
A Potter company paid $8.275m for the 6500sq m Coomera Village site, which has frontages to Dreamworld Parkway and Jowett and Yaun streets.
Mr Potter yesterday said the 1700sq m project would provide an adrenaline shot to the Dreamworld Parkway strip, which had major residential developments behind it.
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“We hope that what we develop will be of benefit to other retailers on the strip, to residents, and to day-trippers visiting Dreamworld.”
Coomera Village has been bought from its owner for the past 31 years, the David Gainer-linked Foremost Properties.
It has 21 tenancies, storage sheds and parking for 91 vehicles.
The center was put on the market last year, with net income of $597,000.
The 70-year-old Mr Potter has been active on the Gold Coast for more than four decades and also has been developing in Sydney and Melbourne and in Auckland and Queenstown in New Zealand.
Leasing of his planned Coomera center is to be managed by Michael Parisi and David Task, of Raine and Horne.