THE Panthers Group will help the Penrith community grow into a regional city with the new development aiming to lift the economy and grow the job market.
Facilities include the club, hotels, shopping, entertainment venues, work spaces and leisure centres, all ideas based on research into community needs and the latest trends. General manager of Corporate Real Estate for Panthers Stacey Fishwick said the concept has been guided by the Club, its members, Penrith Council and key local stakeholders.
"We are also focusing on improving the links between our site, the city centre and the river, and to make Panthers Penrith a destination of choice for locals and visitors alike," he said.
Panthers group chief executive Warren Wilson said the vision is for the club of the future.
"Development of the property is important for the Club's business and sustaining the support it has in the community," he said.
Panthers, the sole owners of the sites, are looking to introduce brand outlet shopping, seniors living, serviced apartments and sporting facilities.
"This is a chance for Penrith to be at the forefront of developing a world class mixed use entertainment precinct outside a capital city," Mr Wilson said.