WESTFIELD has announced a $450 million redevelopment of its Innaloo site, with the area set to become Perth�s second CBD.
City of Stirling Mayor Giovanni Italiano said he expected the project to generate 30,000 new jobs over the next 30 years, with up to $16 billion invested in the area.
Phase one will be assessed by a Joint Development Assessment Panel in coming months, with future plans already in the works, including a 30-storey residential building on the site�s southern boundary.
Parking at the centre will increase by more than 1000 bays to 3,546, as well as plans to upgrade public transport facilities and pedestrian paths leading to Stirling station.
Parts of the northern end of the development will be set aside for residential development, with up to 150 units expected in two multi-storey buildings.
The development application estimated the floor space of Westfield Innaloo would be almost doubled from 51,300 sq m to 99,000 sqm.
Cr Italiano said he encouraged the State Government to invest more into roads and public transport in the area, with the development expected to place significant pressure on existing infrastructure.
Scentre Group Development General Manager Roy Gruenpeter said the development could see up to 100 new stores, including several landmark brands.
The Stirling Times reported on Monday the multimillion-dollar development would be re-oriented towards Ellen Stirling Boulevard.