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.
Convicted murderer Steven James Bradley remains calm in face of guilty verdict in trial for murder of teenager Michelle Buckingham in 1983.
With her effective left hand in particular, Chelsea Hanley retained the Victorian Under 17 junior welterweight title last Sunday with a convincing points decision victory.
It has been a successful year for Bega Cheese, which reflects on Tatura Milk Industries, with chair Barry Irvin announcing recently that Bega Cheese’s normalised earnings before interest, tax, depreciation and amortisation was $55.7 million and normalised profit after tax of $22 million.
ECHUCA police are still investigating the cause of an accident which saw a car and train collide on Ogilvie Ave on Friday night.
TIMMERING Holstein breeders Scott and Nirrelle Somerville are thrilled with the announcement of their Holstein cow Somerelle Leader Lassco as the 2015 Australian Cow of the Year.
Great Race helps a great cause
Hundreds flock to Avenel to learn a thing or three.
Tocumwal Lions Club has plans to purchase the Bowling Club site for an aged care facility, which will only happen if the merger between the Tocumwal bowls and golf clubs proceeds.
A NASTY run-in with a kangaroo on the Northern Hwy between Melbourne and Echuca has convinced one regular traveller on the road the question of a cull needs to be addressed.
Three Cobram teens have been arrested by police after they allegedly stole tractors from Cobram and Tocumwal and caused about $30 000 in damage.
Deniliquin footballers Will Shaw and Cooper Wallace (pictured) have gone head-to-head with the state’s best at the recent AFL NSW/ACT Joss Under-14 State Zone Trials in Albury.
The Australian Dairy Industry Council (ADIC) has acknowledged the completion of negotiations under the Trans Pacific Partnership (TPP), noting modest but important gains made for the Australian dairy industry in improving access to global markets.
Benalla banded together to raise $2000 for the Abolishing Injustice in the 21st Century (A21).
The News magazines are online - read high quality magazines in your time. Check in regularly for the latest editions.
Riverine Herald's well regarded locally produced magazines. They're now online, so you can read them whenever and wherever you like.
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.