A prime site in the State Government's Riverside project has gone on the market with expressions of interest sought for a new development to incorporate apartments, shops and local amenities in one complex.
Planning Minister John Day said the 5,335sqm site on the corner of Hay and Plain streets presented a great opportunity for a developer to join the State Government, Lend Lease and Frasers Property Australia in transforming the city’s eastern gateway.
“With potential for retail, residential and commercial accommodation ranging from four to 16-storeys, development of this site - Lot 101 Hay Street - will ensure the new East Perth community has adequate access to a variety of shops and essential services close to where they live,” Mr Day said.
“We are calling for high quality design and proposals that will deliver a thriving urban quarter for this growing part of the city including a bustling ‘high street’, with a supermarket, cafes and retail at ground level and new commercial and residential accommodation on the upper floors.”
The Minister said since the redevelopment of Claisebrook and other key East Perth sites over the past 15-20 years, thousands of new residents had embraced inner-city living and were now set to benefit from continued private and public investment in the area.
“Adjacent to Lot 101 Hay Street, the $450m Queens Riverside development by Frasers Property Australia is well into construction with QIII - a 26-storey residential tower and the second of four new buildings - scheduled for completion in the coming months,” he said.
“Further east, next year Lend Lease will start construction on Waterbank which includes an extension of Hay Street to the Swan River, a public beach, jetty and up to 1,000 new apartments.”
The Minister said pre-construction site works at the new Perth Stadium were complete, and a future pedestrian bridge connecting the Burswood Peninsula with East Perth and Gloucester Park would complete the city’s ‘eastern precinct’.
Expressions of interest for Lot 101 Hay Street close on July 10, 2014.