Work finished last year on sinking the rail lines dividing Northbridge and the Perth CBD, opening up land for development.
Mr Kinsella said there were many changes to come this year, including the demolition of Wellington Street Bus Station and construction of the new underground bus station.
He said by the end of this year construction would be substantially progressed on the first of four buildings within Kings Square, to be completed in 2015.
Work on transforming Wellington Street, between Milligan and King streets, into a tree-lined boulevard, will also near completion.
Mr Kinsella said site preparation for the construction of City Square, the public space in the arms of Horseshoe Bridge, would have begun.
The final design of the Perth City Link area will incorporate the dive structure parallel to Roe Street, currently used as a temporary pedestrian link between Northbridge and Perth CBD.
‘The dive structure, which covers the rail infrastructure from near King/Lake streets to Perth Arena, will be incorporated into office and residential development that fronts Roe Street,’ he said.
‘New developments in this area will be low-rise (about six storeys) with apartments and offices on the upper floors and a vibrant street scene at ground level with shops, restaurants, cafes, small bars and alfresco dining.’
The first street level crossing between Northbridge and the Link opened this year, when the temporary bus station opened along Roe Street.
Mr Kinsella said five permanent connections would link Northbridge and the Perth CBD once the project was complete.
‘For the first time in 100 years, Perth’s CBD will be reconnected with Northbridge through the sinking of a section of railway line, relocation of the Wellington Street Bus Station underground and the constructions of five new vehicle and pedestrian links.
‘The project will transform 13.5 hectares in the heart of the city into a bustling community with new apartments, offices, shops, cafes, bars, a hotel and more than four hectares of public space.’