- Development approval secured for 54-storey tower on Lot 4 at Elizabeth Quay
- Likely to be the fifth tallest tower in the CBD once completed
- $400 million tower to deliver 70,000sqm office space, together with short-stay accommodation, restaurants and bars
- Final building approval at Elizabeth Quay set to create hundreds of local jobs
A 54-storey tower has been approved at Lot 4 of Elizabeth Quay - the last remaining parcel of land at the waterside precinct.
The $400 million building will take shape on the corner of The Esplanade and William Street, opposite the Elizabeth Quay Station, and will deliver 70,000sqm of office space and 176 short-stay accommodation units to the CBD.
Plans for the project also include a range of amenities including restaurant, café and bar tenancies, a gym, child-care centre and rooftop pool, with construction expected to create hundreds of jobs.
The tower will be developed by CA Corporation, and joins Far East Consortium's Ritz Carlton development, Brookfield's Lot 5, 6 and 7 developments - including Chevron Tower - and the EQ West development on Lots 2 and 3 by CA & Associates.
Together, the eight buildings approved at Elizabeth Quay will see more than $1.82 billion in private construction investment and deliver:
- 1,053 dwellings;
- 654 hotel and short-stay accommodation rooms;
- office space, childcare facilities, gyms, an art gallery; and
- a range of dining and entertainment options.
When fully built out, Elizabeth Quay is expected to be home to up to 2,000 residents and host 10,000 city workers.
Comments attributed to Lands Minister Tony Buti:
"Perth CBD is growing up and building out Elizabeth Quay will help transform it into the buzzing, vibrant precinct it has the potential to be.
"Once all the developments are built, Elizabeth Quay is expected to be home to up to 2,000 residents and host around 10,000 city workers.
"From the ECU City Campus to the WACA redevelopment, exciting things are happening all across the CBD as it continues to evolve through the 21st century.
"The tower on Lot 4 will likely be the fifth tallest in the CBD once completed.
"The continued development of Elizabeth Quay will see the creation of thousands of construction jobs over the coming years.
"On completion, this vibrant waterfront destination will play a pivotal role in supporting CBD businesses and furthering Perth's growth as a thriving modern city - delivering jobs and economic opportunities to continue driving our State's growth into the future."
Minister's office - 6552 6400