Central Coast Fair opened on 24 August 1987 and is the largest single level shopping centre in the Southern Hemisphere.

Central Coast Fair featured a single level Grace Bros (rebranded to Myer in 2004), Big W, Target, Franklins, Woolworths and 95 specialty stores.

This development expanded the size of the centre by at least 10% and included a naturally lit boardwalk, a new eatery and carpark extensions.

This resulted in the addition of "The Corner" precinct with new Coles supermarket and Harris Farm Markets, Kmart, Cotton On, JB Hi-Fi, Rebel Sport, new specialty stores, a new Central Coast-history themed food court known as "The Atrium", a new specialty mall, restaurant precinct, health and fitness club.

It also included the opening of The Hive which features a library, community hall and youth recreation centre.

Sixteen parking spaces on the rooftop level which features the current Big W and Target entrances were removed.

The major retailers include Myer, Big W, Kmart, Aldi, Coles, Harris Farm Markets, Woolworths, Cotton On, H&M, Uniqlo, JB Hi-Fi, The Good Guys, Rebel, Intencity, Erina Ice Arena and Hoyts Cinema.