Construction has started on the Caversham Village Shopping Centre and the mixed-use area, to become the retail and commercial centre for the rapidly growing suburb and surrounding areas.
The VIllage, which is located in Taylor Private Estate on Suffolk Street, will have a shopping centre, three mixed-use, medium-density, residential sites containing 100 dwellings and a childcare centre.
Building company FOCUS has been awarded the $12 million contract to build the new shopping centre, which is expected to be finished in May.
Rod Dixon, general manager of Western Corporate, project managers for Taylor Private Estate and the Caversham VIllage, said more than 80 per cent of the 5,000sqm Shopping Centre had been pre-leased by Lease Equity.
Lord Street is to be opened in in December, linking Reid Highway and Suffolk Street.