Woolworths and Aldi will be the major retail tenants in Bay Central at Woolooware Bay Town Centre.
The involvement of Woolworths was revealed in 2017, but Aldi's tenancy was confirmed only today in a statement pitched at other prospective tenants.
Bay Central was described as "the shire's next shopping, lifestyle and dining hot spot''.
Capital Bluestone, the development partner of Cronulla Sharks, said construction was expected to commence in late 2019 and would take about two and a half years to complete.
"Subject to liquor licence approval, a large format bottle shop is planned for the precinct," the statement said.
"At present major tenant commitments to Bay Central means more than 40 per cent of the centre is leased to major national retailers.
"Capital Bluestone is also indicating it is close to announcing further significant tenant commitments to Bay Central which will see overall commitment exceeding 14,000 square metres.
"Other tenants to be announced shortly will include childcare, gymnasium, pharmacy and ancillary medical services as well as key commitments to the dining and restaurant precinct.
"Bay Central still has many opportunities for local businesses and national franchises in fresh food, health, beauty and wellness as well as a range of offerings in the casual and formal dining precinct."
The statement said the fresh food precinct was "targeting a market style fruit and vegetable operator as well as a seafood operator, butcher, delicatessen and artisan baker that will see Bay Central become the premier fresh food centre for Sutherland Shire".
"With a focus on convenience, local daily needs, lifestyle and services, the retail mix will be deliberately skewed towards providing high quality operators and brands in health, beauty, hairdresser, barber, day spa / wellness centre and more."
Capital Bluestone managing director Ben Fairfax said Bay Central was "set to become the natural heart of the $1 billion Woolooware Bay Town Centre community".
"Bay Central will not only be a place for people to shop but also a place for the local community to socialise, make connections and dine," he said.
"It will fill a gap in the local retail offering and bring new levels of amenity to people living at Woolooware Bay and beyond.
"We see Bay Central as being the Sutherland Shire Town Centre.
"For residents, the new Bay Central offers convenience and choice.
"For retailers, the fundamentals are compelling.
"The Woolooware Bay Town Centre community will be home to more than 2000 residents on completion, while drawing on a much broader catchment, due to the uniqueness of offer and key anchor tenants.
"The centre's prominent location on Captain Cook Drive just one kilometre from Woolooware train station, its ease of bus and train accessibility, as well as the thousands of Sharks supporters on game days, amount to substantial foot traffic.
"Interested retailers are urged to secure space in this landmark centre now."
Mr Fairfax said the 18,000 square metre centre would also house 50 specialty shops, with tenancies ranging from 70 square metres to 1000 square metres.
"t will feature two waterfront restaurant precincts with alfresco dining, and include secure and under cover parking for 770 vehicles," he said.
"Bay Central forms a key part of the final stage of the $1 billion Woolooware Bay Town Centre community, which will also include approximately 250 apartments integrating key worker homes, and a revitalised Cronulla Sharks Leagues Club."