FLAGSTONE'S retail potential will come to life next year with two major shopping centres expected to open in mid 2020.
Stockwell's general manager of commercial property management and leasing, Dan Cuda, told the Jimboomba Times that construction work has started on a Woolworths anchored development with 20 specialty shops and 10 professional suites at 23 Bushman's Drive.
The $55 million Flagstone Central development will include a petrol station and fast food drive-thru.
This comes two weeks after Coles regional manager Damien Griffiths turned the first sod on a shopping centre which would include nine specialty stores and create 100 retail jobs.
The Greater Flagstone Priority Development Area is forecast to have 50,000 new homes and a population of 120,000 people by 2045.
Mr Cuda said the massive growth forecast for the area meant it was time to get the ball rolling on more retail investment.
"Disposable household income here is 12 per cent higher than the Queensland average so people who are coming out here want a bit of space and amenity and fortunately there will be two amenities..." he said.
"We will have an estimated 200-250 employees in the shopping centre so it will be a good employment generator for the community.
"There are 10,000 people who live here and buy their groceries elsewhere. This will allow them to shop where they live."
Flagstone Central will be the 21st project undertaken by Stockwell in Queensland.
