Riverside
Riverside's new commercial, retail, living, entertainment and recreation opportunities will encourage West Australians to interact with one of Perth's most unique and valuable assets – the Swan River.
Plans from the Metropolitan Redevelopment Authority (MRA) and other key landowners will deliver more than 90,000sqm of commercial and retail space, plus a vibrant mixed-use precinct of offices, shops, cafes, bars and restaurants, providing work for approximately 6000 people.
The Riverside project includes the Waterbank precinct to be delivered by Lend Lease. With direct Swan River frontage and views, Waterbank will include a natural beach area, public promenades, a large wetland, and direct connection from Hay Street to the Swan River via a new pier.
Located opposite the historic Queens Garden, the $450 million Queens Riverside development by Frasers Property Australia is well underway, with Fraser Suites Perth offering new hotel accommodation options in East Perth, and the second of four buildings – a 26-storey residential tower – scheduled for completion mid- to late 2014.
Further west, the MRA is currently seeking a developer for the former Chemistry Centre site. The future mixed-use development is expected to see heritage buildings adapted to incorporate new residential accommodation, a supermarket and a bustling high street for the growing East Perth community.
Cost $2.1 billion
Timeline Estimated completion 2020 onwards
Size 40ha