Perth Lord Mayor Lisa Scaffidi, who was at the ceremony, said Oracle’s commencement was a pivotal moment in the area’s rebirth as an inner urban district.
“The precinct is quite unique in that residents will be able to walk to the transit hub of the Perth Train Station, shop and dine in the city centre, take in the arts and theatre of the Cultural Centre, while also enjoying easy access to the cafes, restaurants and buzzing nightlife of Northbridge and Beaufort Street,” Ms Scaffidi said.
The development is located at the corner of Stirling and Aberdeen Streets, uniting the inner city locations of Northbridge and Highgate with the CBD.
Probuild, whose recent projects include the Crown Perth redevelopment, Cloisters on Hay and the CeVue Apartment in Scarborough, has recently been appointed to the project.
Probuild state managing director Sam Delmenico said they were excited about the development.
“The Northbridge area is starting to flourish culturally and Oracle will form part of this exciting new precinct with its outstanding facilities and design.”
Blackburne director of development Jarrad Sizer said the inner northeast was poised to be reborn as one of Perth’s most desirable neighbourhoods and Oracle was the first project of its kind in this precinct to commence construction.
“There are a number of other projects selling in the area but they are potentially years away from starting construction,” he said.
“Oracle will set the benchmark for the area and stimulate other exciting projects from a cultural perspective.”
The development will offer refined apartment living over 22 floors, from studio apartments to one and two-bedroom residences and three-bedroom penthouse apartments.
It was designed by award-winning architects DMG Australia and will combine exceptional interior design and first-class finishes with stunning panoramic views in every direction.
Prices start from $355,000.