Fast Eddy’s Perth CBD site in $10m revamp plan
Fast Eddy’s site in the Perth CBD has been earmarked for a seven-storey project with a $10 million plan, seven years after the 24-hour restaurant closed.
Urbanista City Planning has submitted a development application to the City of Perth for a proposed mixed-use development on 454 Murray Street.
The proposed redevelopment of Fast Eddy’s space includes a short-term accommodation building with a ground-level foyer and café.
The application for Rich Peace Pty Ltd will be decided by the state development assessment panel at a future meeting.
A $10 million price tag has been attached to the project, according to a document from the Department of Planning, Land and Heritage.
The restaurant, at the corner of Murray and Milligan streets, was Fast Eddy’s last standing restaurant until it closed in May 2019.
A view of the proposed short-term accommodation at the corner of Murray and Milligan streets. Image: via City of Perth document
Fast Eddy’s opened at its Murray Street location in the early 1990s, having moved from its original 1979 restaurant in the western end of the Perth CBD.
It was the first restaurant in Perth to be open 24 hours a day, seven days a week.
The development application said the project would redevelop a currently underutilized site and respond to its prominent corner location.
“The design of the proposed project has been carefully considered to ensure compatibility with the surrounding Perth CBD commercial environment whilst incorporating contemporary architectural design that enhances the character and functionality of Murray Street and the wider Citiplace area,” the application said.
“The development combines sustainable design principles and high quality built form outcomes to support the long-term viability of this outstanding city location.
“By prioritizing accessibility, pedestrian activation and high-quality accommodation, the proposal aims to deliver a development that contributes positively to the surrounding urban environment and enhances the vibrancy and vibrancy of the city centre, while providing a high-quality experience for visitors and users.”
According to the development application, the western end of Murray Street has become a concentration of hotels and serviced apartments.
“The proposed short-term accommodation use is thus highly compatible with the existing land use pattern and strengthens the role of this part of the CBD as a destination for visitors and tourists,” the application said.
Rich Peace, owned by Lei Chen, purchased the site for $4.8 million in mid-2018, according to RP data.
