The Adrian Fini, Ben Lisle and Kyle Jeavons-led developer bought the heritage-listed Fremantle site for $6.86m from Midland Brick heiress Marylyn New.
Hesperia has acquired Fremantle’s Elders Wool Stores, in a bid to overhaul the site into a residential and commercial development as the company grows its heritage arm.
The Adrian Fini, Ben Lisle and Kyle Jeavons-led developer bought the 8,326 square metre building bound by Cantonment Street, Elder Place and Goldsbrough Street for $6.86 million from Camellia Holdings Pty Ltd.
Hesperia has also grown its heritage team as part of the acquisition, with former Kerry Hill Architects’ Lucy Bothwell joining as a development manager, as well as at least two other new hires.
Its plans for the site are expected to be finalised in the next six months, with heritage specialists Griffiths Architects appointed to design the project.
“Most people acknowledge that Fremantle lacks the residential population it needs to be sustainable, so we think the introduction of an appropriate residential product with the restoration of the heritage buildings will add to the ecclectic nature of Fremantle,” he said.
He said the company wanted to add depth to Fremantle’s town centre, similar to its approach to Leederville’s ABN headquarters, by cutting through the buildings between Elders and Cantonment streets.
“[You] end up with more thoroughfare for pedestrians, which creates that connectively between the east and western parts of Freo,” he said.
The historic Elders Wool Stores. Photo: David Henry
The developer does not intend to fully demolish the existing structure, Mr Jeavons confirmed.
He said Hesperia was set to consult the community about the best use for the site.
“We will end up with a genuine mixed-use development where there’ll be a range of residential products, from one-bedroom apartments through to larger terrace home products,” he said.
In the 1900s, the wool stores were home to eight brick terrace houses, a stone residence, a duplex, stables and a rectory.
The current building was built in 1927 for agricultural business Goldsborough Mort and Co, with additions made in the 1950s, 60s and 70s.
A decline in the local wool industry meant the buildings were largely vacant from the 1970s.