A VACANT hectare on the corner of Cecil Avenue and Lake Street opposite Cannington train station has been sold by the City of Canning for $6.6 million.
The land sale, announced today by buyer Georgiou Developments, paves the way for a new transit-oriented development in the heart of Cannington where the council plans a $70 million rejuvenation project.
Georgiou Developments executive director Jon Smeulders said the company plans to subdivide the one-hectare site into three development lots to allow a mixed-use, three-stage master plan.
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READ NOWGeorgiou Developments is expected to release more information on the development in coming months but it is anticipated the materplan will include residential apartments, ground-floor retail and commercial space.
“Georgiou Developments’ master plan for this high-profile site represents the first step in the City of Canning’s vision for a re-energised city centre and a new civic heart,” Mr Smeulders said.
“Close to the Cannington train station, the Cecil Avenue site naturally lends itself to a transit-oriented development where residents can enjoy being less reliant on their care because they have easy access to work, entertainment, retail and sports destinations, either by foot or by rail,” he said.
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