It is managed by the Scentre Group which owns 50 percent of the centre with the other 50 percent by Dexus.
History
Miranda Fair was originally opened in 1964 as a Myer shopping centre. Designed by Tomkins, Shaw & Evans Architects, it was built on the former site of Fowler's brick pit. It was the first regional shopping centre in Sydney to have two department stores – Grace Bros and David Jones. Also in 1964, Miranda Library moved into the shopping centre. Miranda Fair was purchased by Westfield in 1969. Following this purchase, the store was refurbished, at a cost of $10 million, expanding the shopping centre to 400,000 square feet. The shopping centre is 50 percent owned by the Dexus Wholesale Property Fund, 25 percent by the Westfield Retail Trust and 25 percent by the Scentre Group. Miranda Library moved to new premises outside Miranda Fair in 1985. Miranda Fair was easily distinguishable as it had a large eight-pointed, slowly revolving star on its rooftop. Part of the heritage of the centre, and somewhat of a local landmark, the star was lit at night and unique to any Westfield shopping centre. The star was knocked of the top of the tower in late July 2013 during the centre's 2013 – 2014 re-development as the office tower it sat upon was demolished.
Renovations
There have been two major renovations and extensions since 1964. The first was in 1971, which made it the largest shopping centre in Australia for its time. It was also the first major shopping centre to have two major department stores, Grace Bros. and Farmers. Further expansion occurred in 1992 giving it 108,316 square metres of retail space. There was also a third renovation in 1984. Since these openings, other shopping centres have been built and expanded, including Westfield Parramatta and Westfield Bondi Junction, now making it the fourth largest Westfield shopping centre in Sydney. In December 2005 it was valued at 481.6 million, up from $444.7 million in December 2004. In early 2009, Sutherland Council approved plans to further upgrade the complex, which included demolition of the office tower and adding 100 additional speciality shops at a cost of A$435 million. Myer lost its ground floor for a larger 'full-line' Woolworths supermarket. The entrance has moved closer to the Kingsway. The centre expanded by approximately 19,000 square metres to 127,000 square metres of gross lettable area. Demolition of the areas around the office tower began in July 2013. The grey wall is designed to resemble fish scales in homage to "the Sutherland Shire's beach culture". The first stage of the redevelopment consisting of the first floor opened on Thursday 16 October 2014 About 80 more shops/restaurants opened on Thursday 20 November 2014 while the official opening took place on Thursday, 27 November, with four days of celebrations. A new multi-screen Event Cinemas complex opened 2 April 2015. During the renovations when the new parking system came in, people who lived near Miranda Fair noted that shoppers and employees of Miranda Fair were increasingly parking in the streets to avoid paying the fees for parking in Miranda Fair. In February 2015, Westfield Miranda planned to reintroduce free parking for people with disability stickers in response to feedback that parking was difficult to find. In December 2015, Westfield Miranda extended its opening hours until midnight. In December 2016, to cope with Christmas demand, parking at Port Hacking High School was arranged for shoppers at Westfield Miranda.
