The former Masters building at Rutherford is on target to reopen as a lifestyle and leisure shopping mall by Christmas.
New owner, Home Consortium, has outlined plans to target some of its former Masters buildings, including the one on Anambah Road, as lifestyle and leisure centres which will include Toys ‘R’ Us, Anaconda, Nick Scali and Amart Furniture.
The company told Fairfax Media it would reopen 10 of its Masters stores prior to Christmas, including the vacant Masters building at Rutherford.
Home Consortium has also announced that Toys ‘R’ Us, Anaconda, Nick Scali and Amart Furniture will be among tenants opening between October and December at Rutherford.
Home Consortium chairman David Di Pilla said the first five stores (which include Rutherford) focus on the leisure and lifestyle category with homeware and electrical offerings included.
Under the Home Consortium renovations, the stores will become centres with internal malls to drive foot traffic past complementary retailers. Each of the properties is being transformed into a newly styled retail facility, with three broad categories. In the retailing mix at each new centre will be service-oriented tenants including child care centres, gyms, cafes and medical centres.
Fairfax Media recently reported that the new centres will focus on daily-needs shopping including supermarkets, or homewares and electrical spending, or on leisure, lifestyle and education consumption. Tenants like Woolworths and Coles will occupy daily-needs-focused centres and stores like Rebel, Anaconda, Spotlight and JB Hi-Fi, can be expected in the second category of centre.