A new IGA supermarket and 14 brand new retail shops
The planned Forster Blu Shopping Village offers a number of key attributes, including:
Regional Accessibility: Excellent Regional Accessibility with the proposed development located on Wallis Street in close proximity to the Lakes Way, which is the major arterial road through twin townships of Forster-Tuncurry.
Additionally, the development has excellent local accessibility due to its close proximity to the Forster Town Centre.
- High Profile Site: The centre will enjoy a prominent location in the Forster Town Centre with street frontage to Wallis Street, serving residents and tourists.
- Main Trade Area Population: The centre serves a main trade area population catchment of 19,560 that is projected to increase to 24,110 persons by 2026. This represents a higher growth rate than non-metropolitan New South Wales benchmark.
- Tourists: The proposed retail complex is situated in close proximity to a number of tourist facilities. Additionally, with the huge influx of tourists into Forster particularly in the summer months the development is well placed to take advantage of additional
expenditure that is contributed in the Forster region.
- Main Trade Area Retail Expenditure Capacity: Main trade area retail expenditure isprojected to more than double over the period to 2026, increasing to $470.3million.
- The largest spending market is food and liquor, accounting for 50.4% of the total retail spending market.
- Competitive Environment: Forster Blu Retail Plaza will be the only supermarket based centre upon completion in the Forster Town Centre and is well positioned to serve the immediate and surrounding population catchment.