Construction underway for CS Square’s latest extension
Construction has officially begun on CS Square’s extension, CS Hub – a new retail and commercial office precinct running along Lake Street and Commercial Road, Caroline Springs.
Located directly opposite CS Square - which features all three major supermarkets and a Kmart - CS Hub is a bulky goods precinct that will further strengthen the retail offer for the Caroline Springs community.
DeGroup Chief Operations Officer, Ben DeLutis said it was exciting to see construction to be starting at CS Hub.
“With the precinct being just a minute’s walk from the existing shopping centre, CS Hub will solidify Caroline Springs as the go-to shopping precinct in the City of Melton.”
“Demand for both retail and office space has been strong, and we know that our customers want more, so we’re thrilled to be delivering an enhanced shopping experience for the local area.”
Adding more than 3,500m2 of retail space, exciting new retailers will join the mix alongside CS Square’s existing big brands such as Priceline, Specsavers and The Reject Shop.
CS Hub will focus on providing a mix of lifestyle goods, everyday essentials and professional services; ultimately enhancing everyday convenience for the community.
The precinct will also provide more than 500sqm of commercial office space. Focusing on more curated spaces ranging between 67 to 85 sqm, CS Hub will be the perfect office solution for local businesses and start-ups looking for a contemporary setup, that’s also conveniently positioned in the heart of Caroline Springs.
DeGroup also has exciting plans for a range of high-profile satellite developments further south along Lake Street.
Placed in strategic locations these buildings will provide attractive interfaces between the carpark and Lake Caroline and enhance the overall look and amenity of the precinct.
• Artist’s render: New retail, hospitality and office spaces along Lake Street, Caroline Springs.
At completion, the CS Square precinct redevelopment will add over 6,500sqm of retail space and 2,500sqm of commercial office space. This is expected to provide over 400 new retail jobs for the community and space for 250 office staff, whilst subsequently injecting an additional $45 million in annual retail spending.
Coupled with the expansive growth corridor that is taking shape just west of Caroline Springs, this will solidify CS Square as a local hub for the community; allowing it to service the needs and demands of the area as it develops.
• Artist’s render of the site.
If you would like to find out more about the Caroline Springs community, please visit our .id (informed decisions) pages which allow you to compare ABS data (2021 Census of Population and Housing) for Caroline Springs with Greater Melbourne and other reference areas.
The age structure of the local population is shaped by a high proportion of young families (26.3% “parents and homebuilders”) and local dwellings being predominantly (87.9% ) freestanding houses. Household incomes in the low to lower middle brackets are less prevalent in comparison to the Greater Melbourne average with a combined 56.8% of households in the upper middle and high household income categories (Greater Melbourne 50.3%)
The young population profile including many secondary students (10.7%), independent / tertiary education students (9.5%) and 25-34 year olds (11.8%) means that local businesses can tap into a growing and agile workforce that will be keen to develop local career pathways.
With good bus connections into Caroline Springs from nearby suburbs and workforce access via Caroline Springs station (four services departing CS Station between 8-9am on weekdays) businesses can be confident that their new outlets will have access to a large talent pool.
If you are interested in discussing how your business can become part of the CS Square community and benefit from this premium retail and commercial destination, contact DeGroup Leasing Manager, Matthew Rogan on (03) 9670 9636.
• Artist’s render: CS Square hero site in close proximity to Lake Caroline