Top 20 Perth Development Projects

16 March 2021

Article by: The Urban Developer

Perth is in a strong position to rebound from Australia’s pandemic-induced recession with a number of major development projects under way across the city.

The city’s residential market, which has still not recovered from the mining boom and slump—suffering a six-year downturn—is now tipped to outpace its east coast rivals due to a low reliance on tourism and population growth and rebounding iron ore sector.

The city’s commercial market has recently experienced a shortage of high-quality office towers, with declining vacancy rates for premium commercial product.

Demand for premium commercial space is also set to increase, as major players across the resources sector continue to strengthen their foothold in Western Australia.

Commercial development is picking up steam in the city’s massive waterfront precinct at Elizabeth Quay, where resources giant Chevron Australia, Brookfield Property Partners and AAIG are all underway on major projects.

From the signature Metronet rail infrastructure project, to new urban regeneration projects and high-rise commercial, hotel and residential offerings, here are Perth’s latest development projects.

The Grove Residences

Developer Blackburne is pushing ahead with plans for a $300-million 245-apartment project at the historic 15,700sq m site of the old Sundowner Hostel aged care facility wedged between Claremont, Cottesloe and Peppermint Grove.

If approved Blackburne is hoping to commence construction early 2021, creating 400 jobs in the process.

The Grove Residences will be the second major western suburbs hub undertaken by the developer, with its $300-million One Subiaco also progressing.

Status:
Approved

Key facts:
• Blackburne bought the site late last year for $25.1 million
• The residential project is designed by MJA Studio
• 60 per cent open space and 40 per cent public parks

One Subiaco

Blackburne’s One Subiaco residential development, at the former pavilion markets site, features three separate buildings containing 244 apartments, a market pavilion and more than $3-million worth of common facilities part of the development.

The developer first unveiled the plans in for the $300-million project in 2018, with the council giving the project the green light in February the following year.

The development, currently under construction, is on track to be topped out by November 2021.

Status:
Under construction

Key facts:
• The corner site sat derelict for more than a decade
• The penthouses will feature 1100sq m of floor space