We reported, earlier this year that global shopping behemoth Costco had its sights set on setting up shop in Lake Macquarie.
Well, it’s time to jump for joy because the Hunter Regional Planning Panel has given the go-ahead for Costco Lake Macquarie – a massive 14,000-square-metre shopping paradise and fuel station.
The landmark development will be situated on the former Pasminco smelter site in Boolaroo and it is expected that the development will create 240 jobs and inject millions into the local economy every year.
“It’s a wonderful investment in our community, particularly as the first regional store in NSW outside of greater Sydney,” Lake Macquarie Mayor Kay Fraser said.
“The potential of this area is incredible and it’s the next significant step in realising the countless benefits for jobs, our local economy, lifestyle and businesses.”
Speaking about the development earlier this year, Costco Wholesale Australia’s Country manager Patrick Noone said the region “ticked all the boxes” for the global membership-only shopping giant.
“We have been looking for a suitable location for some time in the greater Newcastle area and this site really ticks all of our boxes,” he said.
“Costco sees this region as dynamic and fast-growing and we believe that we can bring great value in relation to a wide range of products and services to the community.”
It is expected that construction will be completed by mid-2021.