Proposed Shopping Center close to home - Good or Bad?

[aladdin]

A proposed shopping center comprising of 2 supermarkets, a medical center some specialty retail and apartments is planned for 2 streets away from where I live.

Just wondering from peoples experience do you think it would be beneficial to have a shopping hub this close? and good for property prices in the area or would it be more a disadvantage with additional traffic, shopping trolleys left in the street? etc

Presently the site is a disused warehouse building so we see it as a bit of a plus the site will be used as something and not left empty and vandalised.

 

[westminster]

Good golly yes - this is fantastic!

 

[S.T]

Yes, great news. It's not the new Coles flagged for Gaffney St is it? I was just reading that article earlier.

 

[aladdin]

No its a Woolworths and Aldi proposed for Spotswood in Victoria.

 

[aladdin]

We think it is a good thing as currently we need to drive to either Williamstown or Yarraville for a supermarket. But a number of other residents think it will be bad for the area and will kill off the small shopping strip.

 

[depreciator]

Two streets away is perfect. You can tell people you were very clever buying the place.
Yes, it will kill the local shopping strip - or at least mortally wound it. Sometimes local strips do make a comeback, though.

 

[korringal]

Most definitely yes, yes and yes.

 

[arriety]

Yes, those sorts of amenities are great selling points so if you end up hating living so close to a shopping centre, selling will be easier!