DEVELOPERS SIDELINED IN INNOVATIVE FREO HOUSING MODEL
An innovative residential development concept by Fremantle Council for 7 Quarry Street, which will by-pass developers, will no doubt be considered another socialist, lefty brain snap by Council critics.
The City wants to sell the former youth centre and toy library site that is worth around $ 2.7 million to a co-operative of people who will reside in the building, and who will ultimately themselves decide on the design and the need for green and communal spaces, etc. This model of residential development has been successful as the so-called Baugruppen model in Germany.
The zoning would allow for approximately 20 apartments on the block that is just east of Parry Street and an easy ten-minute walk to Kings Square.
Only people who intend to live in the building can be part of the co-operative, not investors.
It is interesting to note in that context that the sale of ‘other-development’ – apartments in the Perth metro area dropped 41.9 per cent in August compared to Juli this year, which indicates an over supply of the residential unit market.
Co-operative living has been suggested for many years and was also discussed during the Freo 2020 visioning sessions, with the idea that like-minded people could use shared communal spaces. This was also considered to be a good model for aged people to help improve their social life and contact with other people, but also for artists who could have a studio space to share in the building.
Now hoping we don’t get another proposal for an ugly cheap building in inner city Freo, but finally something outstanding.