lot-4-elizabeth-quay-impression
Artist impression. Image- Element Advisory Pty Ltd
  • A 54-storey tower has been approved for development on the last lot of Elizabeth Quay
  • Perth based CA Corporation will develop the tower
  • The eight buildings approved at Elizabeth Quay will generate more than $1.82 billion

A 54-storey tower has been approved for development on the last lot of Perth CBD’s waterside precinct Elizabeth Quay.

The $400 million tower will sit on the corner of The Esplanade and William Street, opposite Elizabeth Quay Station.

Delivering 70,000sqm of office space and 176 short-stay accommodation units to the CBD, the plans for the project also include a range of amenities including restaurant, café and bar tenancies, a gym, child-care centre and rooftop pool.

Land Minister Tony Buti said, “the tower of Lot 4 will likely be the fifth tallest in the CBD once completed.”

lot-4-elizabeth-quay
The tower will be situated on Lot 4 of Elizabeth Quay. Image – Element Advisory Pty Ltd.

Perth based CA Corporation will develop the tower, after placing an $85-million bid to the Metropolitan Redevelopment Authority for the land in 2017

The developer will join Far East Consortium’s Ritz Carlton development, Brookfield’s Lot 5, 6, and 7 developments, and the EQ West development on Lots 2 and 3 by CA & Associates.

Together, the eight buildings approved at Elizabeth Quay will generate more than $1.82 billion in private construction investment and deliver:

  • 1,053 dwellings;
  • 654 hotel and short-stay accommodation rooms;
  • Office space, childcare facilities, gyms, an art gallery; and
  • A range of dining and entertainment options.
elizabeth-quay
Elizabeth Quay was officially opened in 2016. Image – Canva

When fully built, Elizabeth Quay is expected to be home to up to 2,000 residents and host 10,000 city workers.

Minister Buti said, “this vibrant waterfront destination will play a pivotal role in supporting CBD businesses and furthering Perth’s growth as a thriving modern city delivering jobs and economic opportunities.”

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