1/12/2006
A major new commercial and retail development will rise above the new underground railway platforms on William Street and pump new life into Perth's retail heart.
Unveiling a scale-model of the development, Planning and Infrastructure Minister Alannah MacTiernan said the 140 William Street project achieved a host of urban planning goals, including:
- restoring heritage buildings;
- setting new standards in energy and water efficiency; and
- intensifying development around railway stations.
Ms MacTiernan said the Evolution Consortium, headed by Cbus Property, had been awarded the contract to purchase and privately develop the 140 William Street site.
"This $200million project, which includes constructing Western Australia's first five-star Green Star rated office building, will be a benchmark for future commercial development across the State," she said.
"It will create a new business and shopping precinct, bound by Wellington Street, William Street, Forrest Place and Murray Street Mall, which benefits from more than 50,000 passengers passing through the underground station every day.
"This includes a three-tiered, high rise building of six, 15 and 20 storeys and refurbished heritage buildings which provide approximately 36,000sqm of office space and 8,000sqm of retail space.
"Sustainable design features will focus on energy and water efficiency and waste management and include screening elements to the west to minimise heat load.
"Fully restored, the Wellington Building, the original Globe Hotel and the Baird's Building in Wellington Street, along with the facade of the Mitchell Buildings, will be woven into the new development.
"The State Government has made a pre-commitment to lease 22,000sqm for Government offices for 15 years and, as a result, has achieved a very good rate for quality commercial space in a very accessible location."
Subject to planning and development approvals from the Perth City Council and the Heritage Council, construction will commence in mid-2007, as the railway station is finished. Construction is expected to be completed at the end of 2009.
Minister's office - 9213 6400