The redevelopment of the historic Perth Girls’ School site in East Perth, backed by Financial Review Rich Lister Tim Roberts’ Warburton Group, has moved a step closer with the adoption of new design guidelines by the state government.
First developed in the 1930s, the site was controlled by the state government until it was sold to investment platform Australian Development Capital and Mr Roberts’ Warburton Group three years ago for $5.07 million.
“We now have a state-endorsed planning framework to facilitate development of the precinct with which all stakeholders are happy,” ADC director Rod Hamersley said.
The site is set on the second most elevated point in the city after Kings Park. The mooted project has a preliminary construction estimate of $400 million, with the end value of any development much higher.
The project has the potential for more than 600 residential, hotel and commercial units. Two 25-level towers are planned for the rear of the heritage-listed former school building.
Another four towers of between 15 and 35 levels are proposed for the northern Bronte Street site.
The mixed-use project could eventually include major supermarkets, retail, food and beverage and hospitality outlets. As well, residential apartments, retirement living and aged care along with a hotel have been mooted. Education and commercial offices are also in consideration.
The project also involves renovation of the Perth Girls’ School, retaining it as a cultural and entertainment hub.
“We expect to confirm a major supermarket brand for the site soon, with construction expected to commence in 2021 following the necessary approvals,” Mr Hamersley said.