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Osborne Park Mixed Use Development Feasibility, WA

Osborne Park Mixed Use Development Feasibility, WA

RPS was engaged to undertake a feasibility report for a mixed use, multi-level public parking development in Osborne Park. The feasibility entailed the development of market assessments and demand and supply forecasts for retail, commercial, residential and car parking components. The project also included analysis of funding and ownership opportunities as well as a community and economic benefit assessment to support future planning approval.

Importantly, the task was not only to identify the project with the greatest financial return, but rather the focus was also on maximising the economic and social benefits through public parking provision for the neighbouring shop retail outlets. There was also considerable focus on the policy objectives to activate the corner site and achieve income from the floorspace components. RPS economists worked closely with RPS urban designers and planners and Burgess Rawson (valuers) to propose the highest and best use development considering these social and policy factors.

 

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