International architecture firm Woods Bagot has unveiled the design for one of the first significant new developments at Canning Bridge – a $40 million, 34-apartment mixed use retail and commercial complex on Ogilvie Road.
Plans to develop a commercial hub at Canning Bridge were first drafted in 2010, when the cities of Melville and South Perth released their combined vision for the area.
New planning regulations to encourage denser residential development close to transport links, including capacity for towers of up to 20 storeys, are expected to be put in place by the City of Melville by midway through the year.
Woods Bagot principal Grant Boshard said The Precinct on Ogilvie would be the first project to take advantage of the new guidelines.
“The area features a transit-oriented development plan to enhance the lively surrounding suburbs of Perth by creating development opportunities for an emerging satellite city close to the CBD,” Mr Boshard said.
The site is located next to Clancy’s Fish Pub and is populated by a series of strip shops, which will eventually be demolished to make way for the new development.
The first stage of the project will comprise 34 luxury apartments over seven storeys, with two levels of commercial and retail premises on the bottom two floors.
It will have an end value of around $40 million, with a piling contract set to be awarded next week, and tenders for the main builder’s contract to be launched next month.
Construction of the first stage is expected to begin by the end of next month, and last for approximately 18 months.
Around 70 per cent of the apartments in the first stage have already been reserved.
The second stage, to be known as Precinct on Canning, will comprise 240 apartments over 20 levels, including office accommodation, shopping and dining.
Its end value will be approximately $250 million, with construction set to commence once the first stage is completed.
Oracle purchased the site in August last year for $13 million.