Construction for a $40 million apartment project in Subi Centro is expected to start next year after developer ADC_ received approval.
Construction for a $40 million apartment project in Subi Centro is expected to start next year after developer ADC_ received approval.
DevelopmentWA’s Subiaco Land Redevelopment Committee this month approved ADC_’s five-storey proposal for a 1,853 square metre site on 64 Price Street, Subiaco.
The Cottesloe-based developer said sales were due to begin at the end of March 2024 with construction scheduled to start by the end of next year.
The proposed apartment development will include 31 luxury dwellings, a ground floor cage, a rooftop garden, 51 car parking bays, and a guest house for visitors.
The project lot sits in a former industrial area named Australian Fine China Precinct, within the 80-hectare Subi Centro site.
ADC_ engaged MALA Studio, Philip Griffiths Heritage, Hatch RobertsDay, and Art/Theory to develop the project.
“The result is a highly place-responsive design that delivers on the vision and objectives of the precinct, with improved built form, heritage and sustainability outcomes,” ADC_ executive director Rod Hamersley said.
The DevelopmentWA approval included a set of conditions for the build, including complying with the Australian Fine China Design Guidelines.
A Subiaco apartment development on Price Street has been approved. Image: ADC_
The guidelines document said the Australian Fine China project area had been envisioned to be a contemporary expression of the manufacturing heritage of the site.
Australian Fine China was a commercial pottery in Subiaco that operated from the 1920s to 2006.
According to the development application, the pottery was the longest-lived and last secondary industry in the Subiaco industrial area.
The application said the project has an estimated development value of $18 million, but it is understood the end value would be closer to $40 million.
Mr Hamersley said the company would provide 0.1 per cent from the project’s apartment sales to Homes for Homes to support programs helping Western Australians struggling to find safe and secure accommodation.
Business News previously reported that ADC_ bought the site from Subiaco-based Elberton Property Group, who bought it from the administrators of Pindan.
