Western Australia Minister for Lands Terry Redman
Albany Waterfront Sees Surge Of Investment
Victor P Taffa
- Prime Albany waterfront lot sold, with another under offer
- Zoning encourages more accommodation options in Albany
- Follows last month’s sale of the adjacent waterfront lot; the site of a new hotel
The redevelopment of Albany waterfront continues to progress with Lands Minister Terry Redman today announcing the sale of a prime waterfront lot, with another under offer.
Mr. Redman said the two lots 3,309 sqm and 4,564 sqm had been taken up by local developer Aquavista Holdings.
“It is envisaged the developments, which can be up to three storeys, will have retail and commercial on the ground floor, and potentially short stay accommodation on the upper floors.” Mr. Redman said.
“The purchase follows last month’s confirmation of the $1.5 Million sale of the hotel/short stay site which is located next to the Albany Entertainment Centre, the first major building to feature on the new waterfront.”
“The sale of two prime lots within weeks of each other, with a third also under offer, is great news for Albany as the business centre of the Great Southern region.”
Mr. Redman said the Liberal National Government had taken a keen interest in the progress of Albany waterfront to help bring greater choice of visitor accommodation and business facilities to the city centre, in turn supporting the economic growth of the city.
“The State Government was keen to secure developers who would help create a vibrant and functional waterfront space right on the doorstep of Albany’s CBD.” Mr. Redman said.
One lot remains available at Albany waterfront. Located between the Albany Entertainment Centre and the ANZAC Peace Park, the 4,338 sqm lot is zoned for commercial use.
- The redevelopment of the Albany waterfront is being managed by LandCorp
- Once complete, the waterfront will feature restaurants, cafes, shops, hotel/short stay accommodation, 74-pen marina (with expansion capacity to 130) and a purpose-built entertainment centre
- Albany waterfront overlooks Princess Royal Harbour and reconnects the foreshore with the city centre