A plan to build a $49 million, two tower apartment complex in Cockburn Central was approved by planning authorities today.
Harvest Properties (WA) Pty Ltd has proposed to develop two apartment towers, of seven and eight storeys, comprising 173 dwellings, on Kentucky Court in Cockburn Central.
The development, on a 12,007 square metre lot, is set to be delivered in two stages, with the first building to contain 90 apartments and the second tower 83 apartments.
It follows Harvest Properties' existing apartment building on the same lot, Harmony apartments.
Australian Securities and Investments Commission documents show Harvest Properties is owned by Indonesian Tan Tjin Hong and South African Frederik Van Der Walt, and is registered in West Perth.
PRD Real Estate Perth lodged the proposal on behalf of Harvest Properties and will act as the development manager.
PRD Real Estate director Angus Murray welcomed the approval.
“The council has been tremendous in cooperating with us trying to work out how we can deliver some new apartments at an affordable price range in the Cockburn Central precinct, which has been a challenge,” Mr Murray said.
“We anticipate the project will go to the market in the middle of this year and we would be hoping to start construction in the second half [of this year].”
Property consultant Anthony Cipirian, representing the developer as a project manger, expressed his confidence in the development going ahead.
“The project has come at an opportune time in the sense that we have committed landowner seeking to develop the prop, the residential apartment market has been increasing its price point and the construction marketing is flattening off,” Mr Cipirian said.
Concerns were raised about traffic density, security for residents and acid sulfate soils on the site.
The development has been designed with a focus on improving the appearance of the streetscape, and includes perforated panels for security and artwork.
In terms of the soil quality, Element advisory strategic counsel David Read said the proponents wouldn’t get into that level of detail until they had certainty around the development.
Tarun Dewan, who was among the City of Cockburn councillors to support the development, was satisfied the issues raised had been addressed.
“In a time where housing is [in] a big crisis, the earlier we support this development the better it would be for residents and community at large,” Mr Dewan said.
Presiding member Gene Koltasz also supported the proposal, stating that the project would provide much needed affordable housing to the area.
The proposal was approved unanimously.
