The Queensland government has approved a $100 million development for the Sunshine Coast.
The mixed-use Sippy Downs Town Centre will include retail and commercial spaces, as well as 201 residential units.
State minister for local government and planning Paul Lucas announced on January 13 that Woolworths would be developing the site.
"We’re also seeing Woolworths put its money where its mouth is by investing $10 million in infrastructure to ensure that residential units can be built above the retail space in future stages without disrupting trading," Mr Lucas said.
"This development will provide the residents of the Sunshine Coast with another major shopping centre which Woolworths is expecting to turnover around $117 million in its first year of operation."
Months of negotiations saw the number of residential units delivered in the first stage increase from 24 to 60.
Changes to the design have also resulted in improved residential amenity and a commercial frontage along Stringybark Road.
Mr Lucas asserted that the town centre would help Sippy Downs achieve its intended role of a major regional activity centre, as highlighted by the South East Queensland Regional Plan 2009-31.