SPICER SITE DEVELOPMENT DELAY
Sirona Capital has requested that the settlement with the City of Fremantle of the sale of the Spicer site on the corner of William and Henderson streets will be delayed for 12 months to May 9, 2018.
The site was sold to Sirona for $ 6.65 million and according to expert advise the market value of the property has remained the same.
The Spicer site development is part of the Kings Square Project where Sirona develops the former Myer and Queensgate buildings, build a new Civic Centre and develop the Spicer site with a five-storey building.
It would probably be a big task for any developer to do all that development in the same area at the same time, so Council will probably approve the settlement delay at Wednesday’s full Council meeting.
Above another historic photo taken from the top of the Townhall that shows the Kings Square and Fremantle Oval Project development areas, and of course the Henderson Street Courthouse/Police precinct will also be developed by Silverleaf.