Construction has started on Shenton Quarter, a $140 million apartment and retail development by Iris Residential and Primewest.
BGC Construction has been appointed to deliver the 4,500-square-metre commercial and residential project, named Shenton Quarter, which is expected to be completed by mid-2022.
The complex will sit within DevelopmentWA's Montario Quarter urban infill project, where Hesperia also has plans to deliver apartments, as part of its mixed-use Victoria House development that will feature retail and commercial tenancies.
The complex is the latest in a series of western suburb apartment development precincts, including Claremont on the Park and Parkside Walk in Jolimont.
The Department of Planning Lands and Heritage’s State Design Review Panel, which was established to advise on major state development proposals, has given the project ‘design excellence’ status.
“We are very proud of this development, which brings together everything we believe twenty-first century homes should have,” he said.
“Securing a small-format Coles store on our ground floor, and providing that direct link and convenience for residents, sets Shenton Quarter apart in the WA market and makes it reflective of what we see in leading examples of apartment living around the world."
WA treasurer and lands minister Ben Wyatt, who was at the ground-breaking ceremony today, said he was looking forward to seeing the completed development.
“Through developments such as Montario Quarter, we continue to support the WA construction industry, creating local jobs and supporting the State's COVID-19 economic recovery.”
According to REIWA, apartments make up just under 18 per cent of property types in Shenton Park.
The median house price for the suburb sits at $1.2 million - 8 per cent higher than this time last year.