Work on a $15 million, four-storey development on the corner of Hay and Rowland streets in Subiaco will start mid year with completion expected by the end of 2006.
Work on a $15 million, four-storey development on the corner of Hay and Rowland streets in Subiaco will start mid year with completion expected by the end of 2006.
The complex will include shops, showrooms, offices and residential space.
The site, which is next to Oriel Café and across the road from Ace Cinemas, was home to Farmer Direct, a 24-hour supermarket, until a fire destroyed it a few years ago.
The building shell remained until the land was bulldozed and cleared recently.
Tony Hatt, director of DevWEST Group, the company that owns the site, said the land and development, titled Hay 513, was worth about $15 million.
Mr Hatt said 80 per cent of the proposed development had been sold but would not reveal the buyers.
“There will be two levels of commercial space and 24 one- and two-bedroom townhouse apartments,” he said.
“There will be 18 retailers on the ground floor and six on the first floor. The two-bedroom apartments will be two storeys and the one-bedroom apartments will be one level.”
Mr Hatt said ground floor costings were about $6,000 a square metre.
Launched in 1996, the Devwest Group has developed and constructed several of Perth’s inner-city projects, particularly in the suburbs of Subiaco and West Perth.
Current projects include 14 two-storey residences in Clive Road, Cottesloe, and two commercial lots containing 24 apartments over seven levels on Outram Street in West Perth.
Campion Design Group architect Andrew Hagerman, who helped design Hay 513, said the development was part of the City of Subiaco town centre.
“It is introducing density housing into the town centre and residents into the Subiaco CBD,” he told WA Business News.
“It is an urban-edge type building with mixed use, including ground floor retail space and townhouses above with courtyards.”
Mr Hagerman said Hay 513 had “a bit of everything”, including shop fronts and loft-style apartments.
Mr Hatt said the Hay Street development was exciting but it had taken nine months for the City of Subiaco to approve the company’s application.
Hay 513 was approved late last year following four revised design submissions and a public consultation process.
The Hay 513 development was carried with a list of conditions in a 6-5 vote. Councillors Hewett, Ballantine, Kyle, Lauder, Gedero and Tonti voted for it.
Some of the conditions included details of materials, finishes and colours to be submitted for approval before the development starts, as well as noise and waste management plans.
