14/07/2011 - 00:00

Subi remake almost complete

14/07/2011 - 00:00

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IT has been 18 years in the making, but the final pieces of the Subi Centro puzzle are snapping into place, with significant progress occurring at the last two undeveloped sites, the Australian Fine China precinct and Centro North.

Subi remake almost complete

IT has been 18 years in the making, but the final pieces of the Subi Centro puzzle are snapping into place, with significant progress occurring at the last two undeveloped sites, the Australian Fine China precinct and Centro North.

The Subiaco Redevelopment Authority announced last week it was seeking expressions of interest to “complete” Subi Centro, by developing the 4.4-hectare Australian Fine China precinct, located on Hay Street.

The possibilities for the site are endless, according to SRA chief Tony Morgan, who said it was being offered as either one super lot, or any combination of three packaged sites to ensure the best residential and commercial outcomes.

More tangible progress has been made at Centro North, with developers Otan Property Funds Management and ISPT unveiling final designs for their North One apartment development last week.

The Centro North site is owned by boutique developer Qube Property Group and Pindan.

The companies have planned $100 million worth of mixed-use developments at the site, including the North One project, located at the corner of Station Street and Salvado Road.

The entire Centro North Development will incorporate 130 new dwellings, including cafes and commercial space.

The 88-apartment North One development has been pitched at the top end of town and includes a rooftop terrace with barbecue facilities, an open-air cinema, gym and residents’ lounge.

High-end office space will also be included on the ground floor.

The project is being built by Pindan and was designed by Sydney-based Smart Design Studio.

Over the 18 years of its existence, the Subi Centro project has revitalised 80 hectares of derelict industrial land, and has been the catalyst for more than $900 million of private investment in the area.

The redevelopment has also been such a success that the redevelopment authority model has been replicated with the establishment of the East Perth Redevelopment Authority, Midland Redevelopment Authority and Armadale Redevelopment Authority in subsequent years.

Planning Minister John Day announced late last month the authorities would be rolled into one, to create a Metropolitan Redevelopment Authority from January 1 next year.

 

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