Western Australia’s restructured development agency is looking for a partner to take on the $500 million-plus Alkimos Central city centre that will anchor a new community in Perth’s expanding northern suburbs.
The 20-hectare town centre with space for retail, residential, commercial, civic and institutional uses is the largest in a $3.8 billion list of projects to be released over the rest of this year by DevelopmentWA, which was formed out of the merger of state bodies LandCorp and the Metropolitan Redevelopment Authority.
DevelopmentWA chief executive Frank Marra said the commercial core of four developments envisaged for the city of an eventual 90,000 people, which included Lendlease’s Alkimos Beach and Alkimos Central, was expected to be completed by the time the state government extended the existing Joondalup train line from its current terminus at Butler in 2022.
“We’re looking for a partner to develop so we can create that heart now so it’s ready to be occupied from the day that train station opens,” Mr Marra said.
Tender documents for Alkimos Central, nearly one-tenth of the 210 hectares that DevelopmentWA intends to ultimately develop around the new train station, show it will develop 67,000 sq m of commercial floor space and 60,000 sq m of bulky goods floor space. By 2060, the precinct is expected to have 3335 homes and a population of 7670.
Alkimos, 40km north of Perth, is part of the 785-square-kilometre northern coastal corridor stretching between Yanchep in the north and Hillarys in the south. The project is modelled on the state’s earlier development of a new town centre in Joondalup, an urban centre built from the ground up, which now includes more than 160,000 people.
DevelopmentWA officially came to life last week with the merger of the two agencies. Mr Marra, previously the chief executive of LandCorp, said that while the new structure would eliminate overlap between the two previously separate organisations, the main aim was to have a body that could act across the whole state and work more effectively with the private sector.
“The pay-off is more about what we can deliver on the ground as opposed to asking for more in terms of efficiency savings,” he said.
“We very much are looking at grabbing all the combined power of the two organisations, putting expertise together so we have one plus one equals three.”
The Alkimos Central project was previously part of the LandCorp pipeline and the old agency started sounding out the market about it earlier in the year. The first stage of the Alkimos Central tender closes in November and DevelopmentWA wanted to have a preferred tenderer by mid-next year, Mr Marra said.
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