13/10/2014 - 13:07

Finbar apartments, Hilton hotel for Northbridge

13/10/2014 - 13:07

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The centre of Northbridge is set to go high-rise, with development approval issued for two separate towers on James Street, comprising 112 apartments and a 206-room DoubleTree by Hilton hotel.

Finbar Group's Linq Apartments proposal for Northbridge's James Street.

The centre of Northbridge is set to go high-rise, with development approval issued for two separate towers on James Street, comprising a new 112 apartment project by Finbar and a 206-room DoubleTree by Hilton hotel.

The hotel approval confirms speculation first reported in March by Business News, that developer SKS Group was looking to add a Northbridge DoubleTree by Hilton property to its Barrack Square and Fremantle proposals.

At 269 James Street, apartment developer Finbar Group has been given the green light to construct a $60 million, 14-storey, 112-apartment mixed use tower.

The project will be marketed as Linq Apartments and will also include four commercial tenancies.

Finbar bought the site in November last year, with settlement occurring in May.

Marketing will kick off next month, while building is scheduled to begin midway through next year.

Finbar managing director Darren Pateman said profits from the project would contribute to the company’s earnings in the 2017 financial year.

“With the completion of our first Springs project last week and marketing progressing well with our recent launches at Concerto, Unison and Motive, this approval will give us the opportunity to offer another well-positioned project to the market prior to the year end at a price point that I am sure will be well received by the market,” he said.

The other high-rise project approved on James Street this week is SKS Group’s DoubleTree by Hilton proposal.

The plan is to construct a $30 million, 17-level hotel containing 206 rooms and restaurant facilities at the former Bankwest building at 98 James Street.

The existing four-storey building will be retrofitted for hotel use, while the façade will also be upgraded to complement the 12-level addition.

SKS Group is spending $160 million developing the Perth and Fremantle DoubleTree by Hilton hotels.

An artist's impression of the Northbridge DoubleTree by Hilton.

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