11/10/2021 - 15:48

Dragon Century modifies $34m Rivervale plan

11/10/2021 - 15:48

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Property developer Dragon Century Spring has lodged amendments to its $34 million Rivervale apartment plan, months after a winding up order by Jaxon was dismissed.

Image: MJA Studio

Applecross property developer Dragon Century Spring has lodged amendments to its $34 million Rivervale apartment plan, just weeks after a winding up order issued by collapsed construction company Jaxon was dismissed.

Dragon Century received the green light to build the 15-storey apartment on Hawksburn Road back in May, featuring 123 apartments, a shop, restaurant, office and health studio across a 2,826sqm lot.

The site had been earmarked for a mid-rise apartment complex for several years, with a nine-storey apartment building at the site receiving approval in 2015 but never eventuating.

The Metro Inner-South JDAP approved the proposal, as had been recommended by the City of Belmont, despite several surrounding landowners raising concerns about the height and overshadowing of neighbouring properties.

But one month later, Dragon Century took the approval and its conditions to the State Administrative Tribunal in order to make a series of amendments.

The company proposed to change one of the ground floor tenancies from a shop to an office, introduce a reciprocal parking arrangement between visitors and commercial tenancies, modify the car parking layout and landscaping.

The State Administrative Tribunal invited the JDAP to reconsider its decision, with the city agreeing the amendments were an improved outcome from what was previously approved.

The proposal will be reconsidered at a meeting of the panel on October 20.

But the development application does not specify when construction is likely to begin, nor when the project is expected to be completed.

Dragon Century has been spearheaded by director Liurong Cai since 2014, who is also the registered owner of a suite of Dragon Palace restaurants across Perth and the Peel region.

Jaxon battle

Construction company Jaxon lodged an application to wind up Dragon Century Spring in May.

That was before Jaxon went into liquidation in August.

In the writ, Jaxon alleged Dragon owed about $205,000, and sought to have Cliff Rocke and Jeremy Nipps of Cor Cordis appointed liquidators.

But a judge later dismissed the application.

Jaxon was part of the DoricJaxon group of companies, and its entities were sent into liquidation after a project at Forrest Hall was paused as subcontractors could not be paid.

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