Home' Commercial : Commercial 2015 Contents 72 SCOOP Commercial Building & Design
Defining designs | Project WA
The eastern gateway of the CBD is building up to
an extraordinary transformation, and the creation
of a new inner-city community.
The MRA (Metropolitan Redevelopment
Authority) project will see the development
of 4000 new homes and commercial space
for 6000 workers.
The project includes the Waterbank precinct
being developed by Lend Lease, the Queens
Riverside precinct by Frasers Property Australia,
and the redevelopment of the former Chemistry
Centre site on Hay Street by local developer
Diploma Properties Pty Ltd. The Chemistry Centre
is the most recent addition to the project and will
become a mixed-use development with more
than 200 apartments, dining venues and shops.
Construction of this new urban precinct site is
expected to commence in 2016.
The flagship Waterbank precinct (adjacent to the
Causeway) will feature more than 900 residences,
and provide a place of work for up to 1500
employees post construction, offering local retail
and a potential hotel development. It will be built
around a direct extension of Hay Street down to the
river and will feature a natural beach area and jetty
with landscaped boardwalks, cafes, bars, tourist
facilities and high-quality public open spaces.
COST $141m (government investment);
$2b (private investment)
TIMELINE Frasers Property Australia is well into delivery
of the $450million Queens Riverside precinct, with the
construction of the last of three remaining apartment and
residential towers, Lily (QI) currently underway
The flagship Waterbank precinct will feature
more than 900 residences, and provide
a place of work for up to 1500 employees.
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