The Broadway Shopping Centre Redevelopment consists of a major refurbishment of Level 2 and modification to the main entry on Bay Street by co-owners, Mirvac and Perron. Feasibility and planning for the project began in 2014 with construction scheduled to begin in late 2015 and completion 12 months later.
The major works involve a remix of the Retail and Food specialties on level 2 to create a “destination” Dining Precinct capable of operating throughout the day and extending into the evening providing visitors with options from a “quick bite” to a full sit down service. The adjacent mezzanine carpark level is to be demolished in order to accommodate an International Fashion Mini-Major and the main entry to the centre from Bay Street is to be updated with changes to the façade, paving and awnings.
The Project Management, Construction Advice, and Planning provided by Codicote have so far resulted in significant savings to the Project. Structural solutions have been adopted that will save the client in the order of $2M and the Staging Plan will allow the construction of the works to be completed with a reduced duration and impact on the trading centre. Codicote imparted their experience to facilitate the Development Application to City of Sydney and in negotiation of Leases and Development deeds with both the incoming Mini-Major and existing Majors.
In 2015 Broadway Shopping Centre has been ranked Australia’s best performing centre for the third consecutive year with a turnover per square metre (MAT/m2) of $12,248. The centre is ideally located in close proximity to Sydney University, Central Station and the new Central Park development along with Glebe, Newtown and Ultimo.
The access, stakeholder and environmental constraints of such a high performing retail centre in a congested urban location required careful consideration of the staging and logistics in order to achieve a positive outcome. The Codicote developed “Construction Solution” that has formed the basis of the Tender Documentation will allow a “like for like” analysis of the responses and a successful project will ensure Mirvac increased income growth and allow the centre to continue to provide a Retail and Dining experience relevant to the location and demographic of their customers.
RoleClient Project Manager, Construction Advice & Planning
ClientMirvac Retail Sub SPV Pty Ltd
Perron Investments Pty Ltd
- Highest performing shopping centre in Australia
- Demolition of mezzanine carpark to accommodate International fashion Mini-Major
- New contemporary dining precinct to operate later into the evening for extended trade
- Remix of food and fashion Specialty stores
- Updated Bay Street entry, façade, paving and awning works.
- Involvement throughout all phases of the project from feasibility to completion