Construction of The Lanes Retail Village is expected to start after Gold Coast City Council this week approved the development application to transform four hectares of land into a “leisure-lifestyle” retail precinct.
While Gold Coast-based developer Sunland says it is yet to formally appoint a construction group on the retail precinct, council's approval comes months after Sunland amended the project's design as a result of the pandemic's hit on the retail sector.
Council has granted approval for a 7,500sq m retail village that would sit within the developer’s sprawling 42-hectare master-planned project in Mermaid Waters.
The $82 million retail project will be located within the Lanes Residences development, and is expected to house more than 3000 people when complete.
Designed by Queensland-based Blight Rayner and Sunland’s in-house design team, the retail village will comprise laneways, a fresh food market hall with seven-metre high timber ceiling, cafés, restaurants, a health and wellbeing precinct, along with office space.
Sunland Group managing director Sahba Abedian said the group would now look to work with potential retailers.
“Along with 750-plus future residents of the adjoining apartments at The Lanes Residences, about 200,000 people will live within a 10-minute drive of The Lanes Retail Village.”
Sunland acquired the 42-hectare site from the Scheinberg family for a record $61 million in 2014, and first unveiled the Mermaid Waters project in 2018.
Two mid-rise residential buildings of the project are scheduled for completion mid-next year.
When complete, Sunland's masterplan will include four residential towers, the retail village, parklands and a community green space.