Development Application part 3 of 10 Planning Report - MCU13/0092

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7.5.5.3 Economic and Town Planning Comments:


           (a)The following findings are from the Proposed Retail Centre
              Peregian Beach Needs Assessment (February 2013) undertaken
              by Foresight Partners a highly experienced and regarded
              economics consultant, namely:


   .   "However, impacts are unlikely to adversely affect the vitality and
       viability of any existing supermarkets or retail centres, and initial
       impacts will be ameliorated by continuing market growth";
   .   The proposed closure of the Friendly Grocer supermarket store "will
       likely leave only one small food/grocery store (approximately 150m2)
       in Peregian Beach which is expected to be part of the Essence

       development. A food store of this size offers only a small product
       range generally limited to confectionary, drinks and a small variety of
       convenience food. Without a local supermarket residents of Peregian
       Beach must travel outside th3eir community for basic food and

     grocery needs ";
   . The  establishment       of   a        small              neighbourhood   centre   with   a

       supermarket will fill a substantial void in the Peregian Beach area. The
       need      for the proposed centre is indicated by the lack of a
       supermarket serving the trade area and the resulting substantial
       expenditure escaping from the local community";
   .   "The lack of supermarkets indicates a clear void in the existing retail
       provision. However, there are no suitably zoned sites of sufficient size in
       Peregian Beach to accommodate a supermarket";
   .   The proposed centre will have a convenience shopping and services
       focus and will complement the established retail network in the
       Village Centre"
   .   "Of the centre’s forecast $12.6million in year one turnover more than
       $10.5m (85%) is expected to be recapture of spending currently
       escaping form Peregian Beach";
   .   "The proposed centre has particular benefits including greater local
       retail choice, enhanced local accessibility to commonly used retail
       facilities, reduction in escape spending, a boost to locally based
       employment and greater job containment. Moreover, a community
       the size of Peregian Beach would reasonably expect to be serviced
       by a local supermarket.";
   .   "It is therefore concluded that there is a clear and significant
       economic and community need for the proposed neighbourhood
       centre"


    (b)    the   proposed convenience shopping complex will provide a
           secondary (to the existing Village Square) focal community point
           for daily/weekly convenience shopping and social meeting venue;



May 2013                    IA MCU IGA Complex at Peregian                               Page 31