VICINITY Centres says a Metro Central Joint Development Assessment Panel (JDAP) tick of approval was a “significant milestone” for a redeveloped Morley Galleria.
Last month, the JDAP approved a $350 million redevelopment after it received an application from Vicinity Centres and Perron Group.
The plans include the creation of a town square, three storeys of shops, a new food court, cinema, six-storey office tower above a two-storey carpark, six-storey apartment-hotel tower, to upgrade the bus station and relocate the Water Corporation drainage basin.
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READ NOWThe proposed development would increase retail floor space from 74,000sq m to around 126,000 sq m.
JDAP enforced several conditions, including the development be “substantially” commenced within four years and that the first stage of development will at include the proposed Bishop Street town square, Russell Street plaza and the integration with Morley bus station.
Vicinity Centres’ director of development Stephen Beer said the JDAP approval was a “significant milestone” in the “evolution of Galleria”.
“We continue to work through a number of pre-conditions for the development, which will include investment approvals from the boards of both Vicinity Centres and Perron Group,” he said.
Vicinity Centres estimated building would commence in the 2018-19 financial year and no launch date for the project has been set.