World News – UA – Finbar acquires East Perth’s first development site

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The eastern gateway to Perth’s central business district will house a two-tower apartment development and a new microbrewery according to plans by Western Australian company Finbar

Finbar has been selected as the successful developer for a 5,335 m² corner site in Riverside, East Perth

Lot 101 Hay Street was put on the market for expressions of interest via DevelopmentWA in November 2019

Finbar’s plans for the site include a two-tower residential development and adaptation of an existing heritage element as a microbrewery in the first tower

The first tower will include 130 apartments and 820 m² of retail space, while tower 2 will include 210 apartments and 535 m² of retail space

The company plans to develop the site in stages, with the second tower to be built once the first is completed

Construction of the first tower is expected to start by the end of 2022 It is expected that 500 jobs will be created during the construction period

The mixed-use development site is located within DevelopmentWA’s 40ha Riverside compound, which encompasses Trinity College, Queens Gardens, WACA, Gloucester Park and the banks of the Swan River

« The McGowan government is investing in creating the jobs we need today while revitalizing and reshaping our city for the enjoyment of generations to come

« We are transforming the eastern gateway to our city and Perth’s east shore will be a vibrant new destination for locals and tourists alike

« The project will activate the area between Queens Gardens and Swan River, and generate more than 500 direct jobs and thousands of indirect jobs during the construction phase – providing vital support to Western Australia’s economic recovery »

Perth News

World News – UA – Finbar acquires East Perth’s first development site



SOURCE: https://www.w24news.com/news/world-news-ua-finbar-acquires-east-perths-first-development-site/?remotepost=411429

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