The WA State Government is calling for expressions of interest to develop the flagship four-hectare riverfront site.
It is the first inner city riverside development since East Perth Redevelopment Authority (EPRA)'s Claisebrook Village development in the 1990s.
"The site provides the potential for a high-quality residential, retail, commercial and hotel development as well as new and enhanced public spaces, jetties and a waterway to connect new buildings with the river," says John Day, Planning Minister.
With around 400 new dwellings planned and 11,400 square metres of retail and commercial space, the precinct is expected to accommodate up to 700 new residents and attract 565 new workers.
The planning framework, including the Riverside Master Plan, Scheme Amendment and precinct specific Design Guidelines are in place, providing direction on land use, building and design quality requirements for future development.
As the planning authority, EPRA will be responsible for the determination of all planning applications for the development area.
"The entire Riverside regeneration project aims to meet and exceed sustainable and environmental urban planning benchmarks," Day says.
"Urban water management systems, ground and river water quality and foreshore restoration will need to be addressed in development plans and monitored by the State Government."
Expressions of Interest are open from July 28 until September 22. Detailed proposals will then be requested from shortlisted applicants, with the successful proponent(s) expected to be appointed in mid-2011.
Developers, investors or members of the public seeking more information, can find further details at http://www.epra.wa.gov.au.