Previously operating under a different structure, the centre began trading in 1980 as The SandsShopping Centre. The Lend Lease Corporation purchased the centre in 1990 and began redevelopment of the site. The new centre began trading in 1994 under the new name Sunshine Plaza. It contains approximately 62,000 square metres of floor space; increased by recent expansions in the early 2000s. The latest expansion included the addition of a Woolworths supermarket, a new leisure and restaurant precinct, and the expansion of the Birch Carroll & Coyle cinema complex. In early 2005 it was announced that the Westfield Group would take a 25 percent stake in Sunshine Plaza with clearance from the ACCC. The General Property Trust wanted to sell its stake, but joint owners Lend Lease had argued that they had exercised their pre-emptive rights over the centre, which gave them the rights to buy any part that GPT wants to sell before anyone else could buy it. In mid-2010, it was announced that David Jones was planning to open a two level store, after a development application was submitted to the Sunshine Coast Council in August.
Redevelopment
In September 2016, the $400 million makeover commenced. The proposed plan continues west along Cornmeal Creek includes introducing retailing giant, David Jones into a two-storey site. On top of this there will be a further 1,400 car spaces, 100 more speciality retail and restaurant spaces and an expansion of the Myer department store. It is scheduled for completion by the end of 2018.
In March 2019, the $440 million redevelopment opened to the public, including one-storey David Jones store and new concept Big W store. The redevelopment increased the total number of stores from 276 to 345, and increased the total number of parking spaces to nearly 5000.
A High Ropes attraction is expected to be built by mid 2019, and will be the world's largest ropes course on poles.
Tenants
Sunshine Plaza contains 107,000 sqm of total floor space, and has 345 stores post redevelopment. Major retailers are Coles, Woolworths, Myer, Kmart, Target, Big W, David Jones, H&M, JB Hi-Fi, MECCA, Sephora, and Rebel. The plaza also has a 12-screen Birch Carroll & Coyle cinema.
