Designs were unveiled today for Elizabeth Quay’s next premier hotel, residential and commercial buildings as Planning Minister Donna Faragher confirmed the sale of two lots on the western promenade.
Minister Faragher was joined by developers CA & Associates and architect Kerry Hill with his winning design for two towers comprising approximately 300 residential and 170 short-stay apartments, a hotel and a range of dining and retail options.
“Elizabeth Quay continues to attract the very best that Western Australia has to offer – internationally renowned architects and artists, premium restaurant operators, highly experienced developers and some of the highest land sales on record,” Mrs Faragher said.
“With an estimated construction value of $300million, and a substantial injection in job growth, this development will continue Elizabeth Quay’s role as an important economic driver for the State.”
Minister Faragher congratulated CA & Associates for accepting the challenge to hold an international design competition for the development.
“I would like to congratulate Kerry Hill and his team on their approach to design which maximises public access via walkways, a ground floor plaza, art museum and viewing deck; features that will be enjoyed by the millions of annual visitors to our city.”
“Elizabeth Quay was always intended to showcase Perth on a national and international stage and these bespoke attractions offering sweeping views of Kings Park, the Swan River and Rottnest Island will go a long way to achieving that objective.”
The Minister confirmed that CA & Associates will pay a total of $85million for the two sites keeping the project on track to return well over half of the Government’s initial $440million investment.
“There continues to be strong interest in investment and business opportunities at Elizabeth Quay which has shaped the timing of the release of the last remaining lot which will go to market in the coming weeks.”