Sunday, 14 April 2013

WA news PMH site may be rezoned for apartments

PMH site may be rezoned for apartments

Kim Macdonald, The West Australian April 10, 2013, 7:19 am
PMH site may be rezoned for apartmentsThe West Australian ©

    The urban infill program has been given a fillip by revelations Princess Margaret Hospital is likely to be rezoned for apartments and other commercial opportunities, as two other inner-city development sites hit the market.
    The State Government's land agency, LandCorp, confirmed it could also add to the stock of inner-city residential sites in 2015 when PMH is decommissioned.
    A multi-storey development site on William Street, Northbridge, and a vacant lot for up to 150 apartments in West Perth both came on to the market this week.
    The projects have the capacity to add hundreds of new apartments to the inner city, helping to achieve the State Government's aim outlined in its Directions 2031 and Beyond blueprint for 50 per cent infill.
    LandCorp, which stressed that a final decision had not been made, said it was expected the 36,300sqm PMH site would deliver opportunities for commercial, residential and tourism developments.
    Only one building on the Subiaco site has heritage value and must be retained. The rest of the site is likely to be rezoned from public use to a mixed use development.
    _WestBusiness _ understands that most of the structure will be bulldozed when the hospital is decommissioned in 2015.
    A spokeswoman for Health Minister Kim Hames said the PMH site offered an opportunity for a "highly sustainable new inner-urban community that incorporates the site's history and complements the surrounding areas."
    "(It is) a redevelopment opportunity for the State Government to direct growth and intensification around a transit route," a spokeswoman for Dr Hames said.
    "The PMH site will deliver on the principals of the Directions 2031 policy fulfilling the State Government's plan for inner-city living."
    The Urban Development Institute of Australia backed plans to rezone the Government-owned land, with chief executive Debra Goostrey claiming developers were already interested in the prime land.
    The West Perth site that hit the market this week is 7416sqm, comprising five privately owned lots on the Cowle Street site that back on to Dorrien Gardens.
    Jones Lang LaSalle has launched a five-week expression of interest campaign. Jones Lang LaSalle director of sales and investments, Phil Fogliani, said the site had the potential to host up to 150 apartments and was 1.5 km from the CBD.
    The Northbridge development for sale, at William Street, on the corner of Francis Street, included three heritage-listed buildings for sale by the Metropolitan Redevelopment Authority.
    The site has a 61m street frontage and contains three single-storey buildings. It has the potential for a three-storey development with a four-storey corner element.
    Jones Lang LaSalle director of sales and investments, Tom Nattrass, said there had already been 40 inquiries.
    Planning Minister John Day said the State Government had invested millions to restore buildings within the William Street precinct, to upgrade public areas and implement a targeted leasing strategy to encourage a diverse mix of uses by day and night.
    "The precinct is now WA's foremost inner-city heritage precinct - a vibrant urban quarter and thriving home for creative industries, restaurants and galleries occupying restored historic buildings," Mr Day said.