A $30 million development at 613 to 619 Wellington Street and 374 to 394 Murray Street, Perth is a step closer to fruition.
At its 14 March meeting the Perth City Council approved plans to turn the site, covering five lots, into a residential, office and commercial development.
The landowner is Lyrical Holdings which is controlled by the Teo family, a Singaporean and Dalkeith-based family group.
According to Chesterton Inter-national, six members of the family bought the properties on Murray and Wellington Streets in 1992 for $3.8 million.
The developer plans to demolish the existing 1920s buildings on the 5,120 square metre site, including the old Gobbles Nightclub, currently on the draft Municipal Inventory and the Gordinson’s Bicycle shop.
In their place will go two towers – one of twenty-two storeys facing Murray Street and one of nineteen storeys fronting Wellington Street – with a total floor area of 25,000 square metres.
The Murray Street tower will incorporate shops and four floors of offices, with the remainder set aside for a gymnasium and 177 serviced apartments and two-storey residential suites.
It is planned that the Wellington Street building will house fifty residential apartments.
The development will also include a five-level basement with room for a 245-bay car park, a club or tavern and a supermarket.
The property is situated within the Citiplace Precinct which provides for the promotion of the area as the retail focus of the State.
The PCC is encouraging the area west of King Street to be used for restaurants, cafés, taverns, night cubs, motels, hotels and various residential uses.
It is understood the developers, who have a two-year approval, will see what effect the GST has before taking any affirmative action on the site.
