More time given for Art­house

Joondalup Times - - FRONT PAGE - Tyler Brown

THE de­vel­op­ers of the tallest build­ing set for the Joon­dalup city cen­tre have asked for more time to start the project.

At last month’s meet­ing, Joon­dalup coun­cil­lors con­sid­ered an ap­pli­ca­tion from Hil­lam Ar­chi­tects, on be­half of land owner Edge Hold­ings No 5, for mi­nor mod­i­fi­ca­tions to the pre­vi­ously ap­proved 18-storey Art­house de­vel­op­ment at 113 Grand Boule­vard and to ex­tend the ap­proval pe­riod for an­other two years.

Edge Hold­ings No 5 manag­ing di­rec­tor Lin­coln Jones said the prop­erty mar­ket had been “fac­ing a dif­fi­cult three years” and more time was nec­es­sary to “ad­dress the un­cer­tainty in the mar­ket” and to reach pre­sale tar­gets to en­sure the de­vel­op­ment is vi­able.

“We are see­ing some green shoots in the mar­kets,” he said.

“We are near­ing our pre-sale tar­gets and we are cur­rently in dis­cus­sions with a ma­jor pur­chaser to take out some units, which will give us the nec­es­sary pre sales to com­mence de­vel­op­ment. We have full faith we can de­liver high rise multi-unit liv­ing that will be a sig­nif­i­cant de­vel­op­ment to con­tribute to the Joon­dalup city cen­tre.”

The multi-use de­vel­op­ment was first ap­proved by the Metro North­West Joint De­vel­op­ment Assess­ment Panel in Fe­bru­ary 2015.

It pro­posed 190 apart­ments and four ground floor com­mer­cial ten­an­cies. In Oc­to­ber 2015, the assess­ment panel ap­proved mod­i­fi­ca­tions in­clud­ing in­creas­ing the num­ber of apart­ments to 194 and chang­ing their lay­out and com­po­si­tion and in­creas­ing the store rooms and car park­ing bays.

Coun­cil­lors at the March 20 meet­ing unan­i­mously voted to ex­tend the ap­proval to Fe­bru­ary 2020.

They also ap­proved more mod­i­fi­ca­tions, in­clud­ing in­creas­ing the build­ing height.

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