^^ The Elder Street carpark should have apartments on top. Demolishing a 2 level carpark to build a 4 level carpark is absurd. Jan Gehl would be crying into his report.
Centro North is the redevelopment of the former TAFE site on the corner of Station Street and Salvado Road in Subiaco.
West online said:House and boat go as Saville empire crumbles
1st July 2009, 6:00 WST
Property developer Saville Australia has become the latest casualty of the global credit squeeze, with managing director and owner Sam Cheir losing the company’s final asset, its CBD headquarters, and his own home and luxury boat to the banks.
Mr Cheir’s repossessed Georgian-style Peppermint Grove mansion, at 52 Johnston Street, was sold by KordaMentha at a mortgagee auction for $8.5 million last weekend to recover money owed to Bank of Queensland.
Auctioneers Mack Hall and Frank Torre, from Mack Hall and Associates, said they believed the home was the highest-priced residential property ever sold under the hammer in WA.
Mr Cheir bought the property for $3.5 million in 2004.
His luxury 25-metre cruiser, a Sunseeker Predator 82 for which he is believed to have paid about $7 million several years ago, has been repossessed by a finance company and is also up for sale.
KordaMentha, which was appointed to Saville’s parent, Mr Cheir’s Saville Property Group, in May, has put Saville Australia’s headquarters at 249 Adelaide Terrace on the market through Knight Frank’s John Corbett.
Mr Corbett said Saville had proposed to build a 26-level, mixed-use high rise development over the site, currently occupied by a two-level office building, but the development application expired last year. The site will be sold by tender under instructions from Bank of Queensland.
The sale will complete the demise of the once high-flying Saville. All of its development projects, with the exception of Palazzo Mindarie at Mindarie Keys, are now in the hands of receivers from KordaMentha, Taylor Woodings or PBB.
Saville’s portfolio once included a joint venture with failed financier Babcock & Brown over the $1.3 billion Capital Square residential project on the one-hectare former Emu Brewery site on Mounts Bay Road. However, the plan foundered and the site was put on the market.
The failure of several other projects followed, including the cancelled $185 million Altus residential apartment development on Adelaide Terrace. It was sold last month by KordaMentha to a joint venture led by the Finbar Group for $10.6 million.
KordaMentha was also appointed to sell 25 unsold apartments at the completed Saffron tower in the CBD, and three unsold units at the Saville-managed Excelsior in South Perth. Another managed project, Waikiki Blue, covering the proposed construction of 140 units in Safety Bay, also failed.
Saville was a major sponsor of the Wildcats but withdrew its financial support earlier this year, putting the team’s future in jeopardy.
Former director Peter Kavanagh’s association with the company ended more than a month ago and former sales and marketing director Peter Gianoli quit last year to set up Allegro Marketing.
Mr Cheir could not be contacted and is believed to be overseas.
CATHY SAUNDERS and KATE CAMPBELL
yeah. we knew it was on the cards but haven't seen renders or any info and didn't expect so soon. may be we shouldn't get too excited until there's some clarity about exactly what/when it isOH MY GOD THATS AMA...
Wait. Which is the governor stirling tower?
Taking it as a serious question (which I probably shouldn't) - the 110m building next door its twin (not identical but by way of height) Forrest Centre.OH MY GOD THATS AMA...
Wait. Which is the governor stirling tower?
Cnr of Mill Street and St Georges Tce. Where the Department for Premier and Cabinet is located.OH MY GOD THATS AMA...
Wait. Which is the governor stirling tower?
The West online & in paper said:Christmas re-opening date for cathedral
4th July 2009, 13:30 WST
After more than three years of work, St Mary’s Cathedral is expected to re-open for Christmas.
While the central Perth landmark is a labyrinth of scaffolding and lumber piles, Catholic Archbishop Barry Hickey said the massive project would soon be finished.
Yesterday, he took Foreign Affairs Minister Stephen Smith on a guided tour of the site.
Built in 1865, the cathedral has remained unfinished since an expansion was halted in 1930 because of the Great Depression. Fittingly or perhaps ironically, it will be completed during another period of global financial turmoil.
The $32.9 million refurbishment will marry three centuries of the cathedral’s history. The original 19th century spire has been complemented by a 21st century equivalent, slightly different to fit a Heritage Council requirement that the new should not shamelessly mimic the old.
Inside, an exquisite Italian rose marble platform has been built in the altar area above a crypt, where the bodies of former bishops and archbishops, exhumed from under the church, will be laid to rest.
Archbishop Hickey said: “We were left for 80 years with two halves of two cathedrals. We are preserving the best of the old and integrating it with the new.”
Appeal manager Brett Mendez said the church still needed $7 million to meet a blowout in costs.
DAWN GIBSON
A brick house, on a quite street, on a normal block of land (qtr ach), in a safe suburb, that is in decent proximity to the city, pretty much the great Australian dream everybody has the god given right toWhat does 260 million buy these days?
She's a brick, da na na na, house!A brick house, on a quite street, on a normal block of land (qtr ach), in a safe suburb, that is in decent proximity to the city, pretty much the great Australian dream everybody has the god given right to