Yolk Property Group is developing a 161-lot lakeside residential estate at Champion Lakes that will feature innovative housing products, a recreational and hospitality precinct and an aged care facility, in partnership with Southern Cross Care on behalf of the Metropolitan Redevelopment Authority.
Yolk Property Group is developing a 161-lot lakeside residential estate at Champion Lakes that will feature innovative housing products, a recreational and hospitality precinct and an aged care facility, in partnership with Southern Cross Care WA on behalf of the Metropolitan Redevelopment Authority.
Planning for the 14-hectare project, known as Watermark and located about 22 kilometres from the Perth CBD, has been shaped by extensive consultation with locals, project director Andrew Graham said, via an online survey conducted late last year.
A wide range of housing options will be rolled out in the estate, from detached dwellings to townhouses and medium density multi-residential.
Mr Graham said residents overwhelmingly voiced their desire for activation along the waterfront at Champion Lakes, which is home to Perth’s only purpose-built rowing facility.
“Residents are looking for more opportunities to enjoy the lakeside with summer evening events, quality local shops, cafes, an open recreation park, barbecue areas and a more vibrant dining and entertainment precinct that children of all ages can safely explore,” he said.
“Watermark will also make the Champion Lakes Regatta facility more compelling for global sporting competitions wanting to take advantage of its 2,000 metre international standard rowing course, 55ha lake and 11km of sealed pathways for walking, cycling, running and triathlons.”
Discussions are also ongoing with a potential microbrewery operator to underpin the commercial aspect of the development.
“It makes solid economic sense to connect the commercial precinct with Southern Cross Care’s retirement living and aged-care offering, so we are looking to attract a high-quality hospitality operator that will appeal to people of all ages, all year round,” Mr Graham said.
“In addition, we are speaking with medical, physio, pharmacist and childcare operators to create a health and wellness centre the broader community can access.”
Yolk managing director Pete Adams said the commercial portion of Watermark would be designed to appeal to the widest range of people possible, with amenities such as hospitality or medical operations in the catchment area sorely lacking.
“Even the catchment doesn’t really have a high street, or even somewhere nice to go to eat or recreate,” Mr Adams told Business News.
“We want to build a children’s playground and a water play area, as well as some sort of bistro overlooking the water, something that provides some activity and try to make it a destination.
“It’s got the lake, which gives it something different out there and there is just nothing like that in the entire area.
“If you go out there now, there are tonnes of people walking around but there’s nothing really there at the moment.
“So if there are tonnes of people walking around but there is nothing really there you can assume that people are naturally attracted to this water body.”
The project adds to Yolk’s land development portfolio, which includes a 52-lot estate in Wellard, a 100-lot project in Forrestdale and more than 650 lots in Melbourne in master planned communities.