A run-down retail site in Vaughan St, Shepparton is to be redeveloped after a buyer for the site was found.DARREN LINTON June 23, 2012 4:26am
The derelict Vaughan St retail site will be developed within a year, with its sale to a major developer expected to be announced early next week.
Greater Shepparton City Council yesterday confirmed a buyer had been found for the existing retail sites on the northern side of Vaughan St and the vacant 16
A formal announcement was originally set for late yesterday, but Lascorp Development Group is expected to be confirmed as the purchaser next week, ensuring that the original vision for the precinct will become a reality.
Shepparton Retail Investments had proposed a $22
The plan came unstuck when the company was placed into liquidation late last year.
In March, the liquidators put the properties on the market as two distinct lots, the occupied retail sites and the development site, but the hope was one developer would take on both and work with council, which is committed to the urban renewal of the precinct.
Lascorp, founded in 1972 by famed Melbourne retailer Myer Lansky, is one of the biggest developers of supermarket and supermarket-based shopping centres in Australia. The company has undertaken a similar town-centre project in Seville and has successfully completed major shopping complexes across Australia.
‘‘The Vaughan St site provides a vital piece to the puzzle for the Shepparton central business district retail plan, and future development of the site will contribute to the health of the central business district overall,’’ Mayor Michael Polan said.
‘‘The retail redevelopment, and council’s planned contemporary urban streetscape, will greatly improve the area’s attractiveness to visitors and residents.’’
The streetscaping includes changes to parking, improvements in pedestrian access, provision of public spaces, bike racks and improved lighting.
‘‘The redevelopment of the retail area and the streetscaping are the first step in providing an important link between Shepparton’s travel hubs and the CBD, linking the railway precinct to the mall,’’ Cr Polan said.
Shepparton police pursued two youths on foot near Waters Rd this afternoon.
The Mulwala Lions took a huge step forward in the race for the Murray League title with a hard fought, low scoring, 15 point win, against the fancied Barooga outfit, in near perfect conditions at Lonsdale Reserve on Saturday.
Chelsea Campbell is excited with her new business venture, after purchasing Carol Taylor’s hairdressing salon in Hogan St.
THE Community Living & Respite Services Johnno’s Run team raised almost $21,000 on Sunday.
ROCHESTER’S Leo Club former president Monique Keech and president Tekyra Shead have presented the Rochester and Elmore District Health Service and Rochester Ambulance service with plush teddies as part of their operation teddy bear program.
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Avenel senior football coach made his feelings clear to players ahead of game against Violet Town.
Berrigan Shire Council have approved a development application for six more independent living units to add to Berrigan’s Amaroo Self Care Unit block.
HEATHCOTE Park Raceway was back in action on Sunday with a surprise for those expecting owner Russell Clarke to be enjoying his retirement.
Dozens of birds of all shapes and sizes flew the coop as Cobram hosted its inaugural poultry auction last Sunday.
Neil Buckley has been inducted as president of the Deniliquin Lions for the next 12 months.
A new research project conducted by CSIRO is seeking to better understand the health properties of pears to help improve and develop market and marketing opportunities.
The Benalla Giants came out winners in both the under-14s and under-16s against the Benalla Bulldogs on the weekend.
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