Just a short drive from Frankston CBD, a $160 million investment by ISPT Super Property, is well underway at Karingal Hub. Stage 1, a new food precinct, featuring more than 28 fresh food and speciality retailers, opened at end of June 2021, with further phases scheduled to complete during the remainder of 2021. A huge boost for the region, the redevelopment of the centre will see more space for retail outlets and restaurants plus existing shops at the centre will get a facelift. The project has created about 200 jobs during construction and 300 full ongoing and part time jobs are expected. The plans include an additional 762 car parking spaces.