The City of Perth last week approved modified plans for Westpoint’s $250 million development of the old Emu Brewery Site, which has been empty for 10 years.
Plans for the four-hectare site include a 52-storey tower and a 46-storey tower, which will contain 1,010 residential apartments, 2,319 square metres of retail floor space, 1,372sq m of office floor space, 1,239sq m of restaurant floor space, a tavern and health club facilities.
The plan was revised after negotiations with the Western Australian Planning Commission at the Town Planning Appeal tribunal scaled back the size of the development from three towers to two.
However, the height of the two remaining towers was increased.
The council has made its approval conditional on several provisions. Among these are: public space containing landscaping of not less than $1 million; unrestricted pedestrian access through the site; streetscape improvements in the area valued at not less than $1 million; and a pedestrian connection linking with the Perth Convention and Exhibition Centre and the foreshore.
Earlier this year, ASIC halted plans to raise debt to fund the project and then requested that the Supreme Court rule on whether Emu Brewery Mezzanine Ltd, part of the Westpoint group, should have offered promissory notes as debentures or financial products under the Corporations Act.