High-rise plan to re­vi­talise CBD

Joondalup Weekender - - News -

THE Joondalup CBD is set for a boost with WA-based prop­erty group Primewest look­ing to in­vest $100 mil­lion.

Its plans in­clude a 140-room ho­tel, a re­tail-res­i­den­tial build­ing and an of­fice de­vel­op­ment on David­son Ter­race.

They will be built on the com­pany’s 12,400sqm site across from Joondalup Health Cam­pus.

Primewest di­rec­tor David Schwartz said dis­cus­sions had been held with ho­tel op­er­a­tor Ry­dges. Ry­dges Ho­tels and Re­sorts Group gen­eral man­ager Nor­man Arun­del said Joondalup was cry­ing out for four or five-star ho­tel ac­com­mo­da­tion.

He said it would ben­e­fit the hospi­tal, with many coun­try pa­tients need­ing ac­com­mo­da­tion.

Sh­effield Prop­erty project leas­ing di­rec­tor Digby Suther­land said the “lack of qual­ity of­fice stock in re­cent years has se­verely lim­ited the city’s abil­ity to grow and at­tract new busi­nesses from tra­di­tional of­fice lo­ca­tions”.

Mr Schwartz said Primewest had started its lat­est land sub­di­vi­sion, Ver­tex Es­tate in Yanchep.

“Joondalup has so much po­ten­tial to be a vi­brant and grow­ing satel­lite city sim­i­lar to places like Par­ra­matta in NSW, but in a com­mer­cial sense it has stalled in re­cent years” he said. “We hope that by tak­ing this ma­jor step and mak­ing such a sig­nif­i­cant in­vest­ment in Joondalup that it will en­cour­age oth­ers to fol­low suit.”

An artist’s im­pres­sion of the pro­posed de­vel­op­ment in the Joondalup CBD.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.