- 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.”
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.
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.”
