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Hoyts, Woolworths to anchor revitalised Docklands mall

An eight-screen Hoyts cinema complex and a full-line Woolworths supermarket will anchor AsheMorgan’s $150 million revamp of one of Melbourne’s retail white elephants, the Harbour Town mall in Docklands.

The windswept Harbour Town precinct on Docklands Drive, in front of the Melbourne Star observation wheel, was acquired by the Sydney investment house for $150 million from ING Real Estate in 2014.

Cinema chain Hoyts will anchor a new entertainment precinct due to open in mid-2018 with construction commencing this week. Other tenants secured by AsheMorgan in this precinct include FunLab, the company behind Strike tenpin bowling and mini-golf venue Holey Moley, as well as 8Eight Street, an Asian hawker-style restaurant, and pancake house Route66.

In the final stage, a new Woolworths supermarket will anchor a new fresh food marketplace due for completion in mid-2019.

It’s part of a $500 million revitalisation of the precinct, which like much of Docklands has suffered from an exodus of people at night.

Original article publish on Australian Financial Review Р22nd May. Read more: http://www.afr.com/real-estate/commercial/development/hoyts-woolworths-to-anchor-revitalised-docklands-mall-20170521-gw9zfa#ixzz4i9x5za80

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