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Mixed fortunes for developers

TWO multi-million dollar apartment developments were this week given the green light by the City of Perth, although a $20 million proposal to build a hotel and 140 apartments above Hoyts Cinema City was sent back to the drawing board.

WA Property Holdings will develop a $22 million luxury residential and car parking development behind the existing office building at 249 Adelaide Terrace.

The development has been in the pipeline for 18 months and was recently scaled back from 21 to 17 storeys to meet City of Perth plot ratio requirements.

It will consist of 54 car bays over the first six levels, 36 three-bedroom apartments and two two-storey penthouses that include four bedrooms, study, entertaining areas and two balconies.

A pool and two gymnasiums also are planned for the development.

Royal International Consulting Services was responsible for the application and man-aging director Charles Morrone said the apartments would sell for between $480,000 and $600,000.

Mr Morrone expected construction to start just after Easter next year and finish 12 to 15 months later.

A proposal to redevelop 34-36 Kings Park Road, West Perth, into a $10 million residential and commercial building also received council approval.

Plans by property owner Zadella Pty and developer Mair & Co involve the conversion of Kathleen Reidy House, the former Nurses Memorial Centre, and a second building into a restaurant and function centre.

The two heritage-listed buildings were constructed between 1899 and 1910 and will be worked into the overall apartment development.

The nearby office building will be demolished to make way for a nine-storey residential building with 70 apartments.

Since it purchased the 2264sqm site in 1996, Zadella has been attempting to redevelop it, with previous plans involving the conversion of the property into a $7 million, 3800sqm office building.

While the two residential developments were given the go ahead, Goldtag Pty Ltd, part of Westpoint Corporation, has been asked by the City of Perth to further scale back its plans for a hotel and apartment building above Cinema City.

Developers last month revised the proposal and reduced the size of the building from 25 storeys with 221 hotel rooms and 160 apartments to 22 storeys with 193 hotel rooms and 140 apartments.

However, council staff say the building still does not comply with plot-ratio and height requirements and is inconsistent with the proper planning of Hay Street locality.

Staff said they would consider a new application if it was redesigned to meet plot-ratio requirements.

The hotel and apartment building is part of the second stage of a $100 million-plus refurbishment of the Hay Street cinema and associated arcade.

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