Panel approves Oxford Street apartments
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Construction on an eight-storey apartment development in Mt Hawthorn is expected to start next year after receiving the green light.
The Metro Inner-North Joint Development Assessment Panel unanimously approved the $15 million proposal at its meeting yesterday.
Swanline Group received approval to build a five-storey development on the 1,207 square metre site on 370-374 Oxford Street in 2016.
According to the responsible authority report (RAR), the applicant received a time extension until August 2022 but the approval has lapsed as no substantial works began for the project, which was dubbed 370 Oxford.
PTS Town Planning, on behalf of landowner Thirty Three and development manager Parcel Property, have lodged the current proposal.
The development proposal comprises of 36 apartments across the first to seventh floor, 285 square metres of floor space for a shop tenancy and 60 car parking bays across the basement, ground and first floors.
Business News understands the registration of interest campaign is expected to begin before Christmas with construction to start mid-2023.
Parcel Property built form general manager Ross Catalano said the development provided an opportunity for people in Mt Hawthorn wanting to downsize but stay in the suburb.
“Mt Hawthorn’s median house price has gone up by 34.5 per cent in one year making it the third best performing suburb in the Perth metropolitan area,” he said.
“We designed an elegant product with bigger apartment sizes including more three-bedroom options anticipating local downsizers wanting to stay in their own community.”
The RAR revealed that the proposal received 102 submissions during the City of Vincent’s public consultation period, with 59 objecting, 56 in support and six raising concerns.
Objections include the proposed height being inconsistent with the surrounding Oxford Street developments and the parking plan being inadequate to meet traffic demand in the area.
The proponent lodged amended plans which the city deemed to not warrant readvertising to the public as it was not a significantly different proposal, according to the RAR.
The city supported the proposed eight-storey development, recommending the JDAP approve the application.
“We believe this is the best result possible for the local community for a site that has always been earmarked for future development,” Mr Catalano said.
“The consultation process included 56 submissions of support and many of those actually registering their interest to purchase off the plan.
“From the street level you will only be able to see five storeys up, with the remaining storeys being set back to reduce the bulk and scale of the upper floors.”