Spencer Street Station retail development
The redeveloped Spencer Street Station will lead a retail revival of Melbourne’s West End, the Premier, Steve Bracks, said today.
Mr Bracks said a $200 million deal between Civic Nexus and Austexx would allow for more than 120 shops in the Spencer Street precinct.
The partnership between Civic Nexus, the Government’s private partner consortium in the project, and Austexx, the company behind the Direct Factory Outlet chains, is one of the biggest retail investments seen in the CBD.
Mr Bracks said the development was a ringing endorsement of the Government’s vision for a world-class public-private partnership project linking the Docklands and the CBD.
“This significant investment in the biggest railway station redevelopment in Australia will provide many of the major brands in fashion and home wares all under the one roof,” he said.
“Hot on the heels of the Mercedes Melbourne Fashion Week, this deal is further evidence of Melbourne’s position as Australia’s capital of fashion and shopping and adds to the revitalisation of the city’s West End.”
Mr Bracks announced details of the deal while visiting Spencer Street Station, currently undergoing a $700 million redevelopment that will see it renamed Southern Cross Station when completed in mid 2005.
Direct Factory Outlets (DFO) has acquired 23,000 square metres of floorspace from Civic Nexus on a single level on Spencer Street above the new bus interchange and car park.
This area is immediately north of what will be the new station concourse on the corner of Spencer and Bourke streets.
DFO has also acquired 4,000 square metres of new retail space for a supermarket at ground level on Spencer Street, just north of the Lonsdale Street intersection.
“The Government is particularly pleased with this investment as it will also ensure an earlier delivery of the major retail component within the Spencer Street Station redevelopment, by late 2005,” Mr Bracks said.
“It will provide the essential retail complement to the residential and commercial development of Melbourne’s harbour region. It will be the new heart of Melbourne’s West End.
“The deal is also great news for regional Victorians, as it will provide a convenient opportunity to travel to Melbourne on new Fast Rail trains, and enjoy a day’s shopping all within the fully enclosed station precinct.”
Civic Nexus Project Director, John O’Rourke, said the retail centre would deliver a quality redevelopment, fitting in with the remarkable architecture of the Grimshaw-Jackson designed station hall.
“The new centre creates a greater vibrancy for the precinct with significantly increased traffic flows forecast to use the public transport, food and beverage and convenience retail outlets planned for the station,” Mr O’Rourke said.
“Austexx has engaged the builder of the station and Civic Nexus consortium member, Leighton Contractors, to construct the retail precinct and expanded car park.
“With Leighton already on site, works will start immediately on the retail centre, enabling a fast track to completion in late 2005.
“The project ensures the Spencer Street Station redevelopment will become a major retail and transport hub – a key step in achieving its aim to be a place for all Victorians to live, work, eat and shop.”