CONSTRUCTION on a multi-million dollar office and retail development planned to revitalise the western end of Wellington Street is expected to start within weeks.
The project involves the redevelopment of a two-storey mixed commercial use building into a 13-storey office tower including ground floor retail and a three-level public and tenant parking facility.
The tower - which has an estimated cost of $18 million - is part of the Grand Chancellor Village redevelopment project, which also includes the refurbishment of a three-storey commercial building to the south.
The project will add about 10,000sqm of office space to the CBD and is expected to attract a mix of retail businesses to the surrounding area.
And, according to City of Perth service units director Garry Dunne, this is exactly what the area needs.
“This section of Wellington Street is in need of revitalisation and it is envisaged that the proposal is likely to attract other activities incidental to the proposed office such as retail shops, cafes and restaurants,” Mr Dunne said in a recent city council report.
“The active interface on the street level together with landscape improvements and retail uses will improve and add interest to a very important street corner in the city centre.”
Knight Frank office leasing director Greg McAlpine, who is managing the property for owners Grand Central Developments (Perth) Pty Ltd, said the tower provided a good alternative office location to the CBD.
