Perth City Link is arguably the most significant redevelopment project to be undertaken in Perth, featuring multi-node public transport, vehicular and pedestrian linkages, open spaces, entertainment facilities and mixed-use development.
The 13.5 hectare site provides 5.1 hectares for development and will create a new urban precinct delivering significant opportunities for investment and growth, while reducing congestion in the city.
The project will accommodate an estimated 13,500 new employees and over 3,000 new residents, addressing demand for office space and Perth’s increasing population. Better use of land and infrastructure in central Perth will help remove existing constraints by supporting greater economic and social activity, including the development of new retail, food, commercial, residential and tourism facilities. Government investment in sinking the rail lines, construction of an underground bus station, the Perth Arena, creation of a new City Square and major upgrades to Wellington and Roe streets will benefit the project and change the face of the CBD forever.
MRA is the planning authority for the site and is also responsible for granting development approvals. The project has been significantly de-risked with all statutory planning approvals in place including a Scheme, Master Plan (to be read in conjunction with the Town Square Review) and Design Guidelines. Development will be staged to meet market demand and allow cost effective infrastructure, site development and public domain works.
In September 2011, the State Government called for expressions of interest for the right to develop all of the State Government’s land holdings (5.1 hectares).
A consortium comprised of Leighton Properties and Mirvac has emerged as the frontrunner in this process and, in late August, submitted a detailed proposal addressing its place making approach, development mix, transport and access plans, as well as business and staging plan. The evaluation and negotiation process is expected to continue until early 2013.