Elanor unveils innovative new development for Warrawong Plaza

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Shopping Centre News

June 25 2024

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Elanor Investors Group have unveiled the draft plans for the redevelopment of its Warrawong Plaza. The revitalised Warrawong Plaza will feature 12 residential towers, reaching up to 22 storeys, providing a transformative boost to the local community and economy.

Elanor Investors Group has submitted plans for the proposed rezoning of the 7-hectare site, which will facilitate the construction of 1,300 new homes, including 10% dedicated to affordable housing. This proposal is one of four in New South Wales under the State-Assessed Planning Proposal pilot announced last July, aiming to increase the supply and diversity of housing across the state. These plans are now on display for community feedback, marking a significant milestone in the journey to revitalise Warrawong Plaza.

Warrawong Plaza aerial view (future context shown indicatively)

The redevelopment will increase the building height from eight to 22 storeys, featuring staggered heights for a visually appealing skyline. Existing retail space will be retained, with shops operating during construction. The project is expected to support 540 jobs during construction and an additional 540 operational jobs once completed.

A 3,000m2 publicly accessible plaza will provide green spaces and links with Cowper Street and Northcliffe Drive, enhancing community connectivity and quality of life.

Matt Healy, Elanor’s Head of Retail, Development & Mixed-Use said: “We are incredibly proud of the plans for Warrawong Plaza. This redevelopment will not only provide much-needed housing but also create a vibrant community hub that meets the demands of our growing population. The inclusion of affordable housing ensures that we are addressing housing needs across different demographics, contributing to a more inclusive and sustainable future for Warrawong.”

The developers are targeting the first stage of residential development be delivered by 2028, subject to authority approvals meeting the local housing needs and setting the stage for further growth and investment in the area.

Warrawong Plaza recently completed a $30 million development, introducing a new Woolworths Supermarket that integrates physical retail with ecommerce to meet the growing demand for online grocery shopping and ‘Last Mile Logistics’ in the wider region. The centre also recently welcomed Toymate to Level 1 on 13th June and are scheduled to welcome a number of exciting retailers in the coming months.

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Shopping Centre News (SCN) is in the ‘information business’, and is perceived as such by its readers. Daily industry news makes shoppingcentrenews.com.au a must-visit as part of the morning routine for those who want to keep right across the latest retail developments and events, while SCN's premium magazine is the leading publication for the shopping centre industry in Australia and New Zealand. Known as the ‘industry bible’ SCN is printed five times a year with fascinating, in-depth features and important critical analysis written by known industry insiders as well as the popular ‘Guns’ reports, which ranks Australian shopping centre performances. Shopping Centre News is the only publication in the world that features centre statistics on Turnover, Turnover per square metre and Specialty Shop turnover per square metre for every major centre in Australia.
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