The state government has accepted offers from Starfish Developments for the Dock One and Port Approach sites, and Cedar Woods for the North West and Fletcher’s Slip precincts.
Together the proposals are expected to generate more than $280 million in private investment and deliver approximately 1150 new homes for up to 2600 new residents.
Construction has started on the first stage of the Starfish Developments proposal at Dock One, with major contractor McMahon Services working on site preparation under Stage One.
The proposal includes redeveloping the Marine and Harbors building into apartments and ground floor retail premises with 650 homes planned for the seven-hectare Dock One and Port Approach (South) sites.
Following public consultation, extra open space has been included, while public access to the waterfront will be maintained with a promenade and a pedestrian bridge across Dock One.
Approximately 500 homes are planned for the 14-hectare North West and Fletcher’s Slip precincts.
The redevelopment includes re-using the Fletcher’s Slip buildings, significant open space and a second pedestrian and vehicle connection from New Port Quays to Semaphore Road.
Together the residential developments are expected to support about 250 direct and indirect jobs a year during construction.
Both proposals are staged and are subject to development approval.