A development application for the first stage of Lendlease's $1 billion Waterbank project in East Perth has been submitted, paving the way for construction to begin mid-next year.
A development application for the first stage of Lendlease's $1 billion Waterbank project in East Perth has been submitted, paving the way for construction to begin mid-next year.
The first proposed building for the six-hectare, nine-lot project is a 32-storey residential tower valued at $116 million.
It will include about 260 apartments and townhouses, with food and beverage outlets on the ground level overlooking the Swan River.
The project is expected to add 440 jobs during construction, and will add 1,000 residential dwellings, 35,500 square metres of commercial and retail space, and a range of community facilities.
The Metropolitan Redevelopment Authority had previously said construction would begin later this year.
Planning Minister John Day said the Waterbank site had undergone extensive remediation works in preparation for construction to start in mid-2016.
“Extensive works have paved the way for new public open space to be created right on the water’s edge, providing more opportunities for the eastern side of our city to connect with the Swan River,” Mr Day said.
Premier Colin Barnett said the Waterbank project together with the Riverside project and the development of the new Perth Stadium was part of the state government’s plan to create new inner-city communities where people want to live and work, and will provide housing diversity to accommodate a population of 3.5 million by 2050.
The MRA will advertise the Waterbank’s first development application for public comment in the coming weeks.
Lendlease has previously estimated the project to be completed by 2022.
Lendlease director of urban regeneration in WA, David Ockendon, said the development would be Lendlease's first major mixed-use project in Perth.
"We're going to provide Waterbank's residents, workers and visitors with new and diverse public spaces, bespoke riverside dining and leisure experiences, contemporary apartments at a variety of price points and a workplace not available anywhere else in Perth," he said.
"Waterbank will importantly also set new standards in environmentally sensitive and sustainable development and this first building will be designed to achieve a Green Building Council of Australia five-star Green Star rating, which represents Australian excellence."
A fresh round of development applications, covering the public areas of the site, will be lodged within weeks.
