Pinjarra's Exchange Hotel is one step closer to transforming into a new entertainment and dining option for residents, with a proposal to reinvigorate the historic site.
The proposal, submitted by the Strzelecki Group, includes the re-establishment of a hotel as well as speciality shops, George Street frontage alfresco area and playground, building expansions to accommodate a front lounge, dining and back of house activities, a rear beer garden overlooking the foreshore precinct and provisions for pop-up markets.
In addition, the proposal further includes the sale of the building portion of the site, excluding the Murray River Square and foreshore land.
Murray president David Bolt said the design concept was consistent with the Shire's endorsed Conservation Management Strategy and adhered to the selection criteria set out in the initial expressions of interest process.
"We knew that in order to stimulate private investment in the town, support the local economy and activate the surrounding heritage precinct and adjacent foreshore, a quality development outcome for the key site was paramount," he said.
"While it has taken a significant period of time to arrive at this point, due diligence was necessary to ensure the right proponent, with a sustainable and befitting proposal was approved to develop the site, in line with Council's vision and community expectations."
Given the extent of the redevelopment works, the Murray council has prepared a business plan for community consideration, prior to entering into a contract of sale.
To achieve the Shire's objective of delivering a suitable development outcome within the short-term, a development agreement will be prepared and negotiated with the proponent during this consultation period.
Discussions will also be facilitated with the adjoining landowner to ensure a mutually beneficial outcome is achieved for the design and location of vehicular access.
Once these matters have been addressed and at the close of submissions, a report will be presented back to the council for consideration.
Pending the council's endorsement as well as necessary industry approvals, construction on the hotel could commence in 2021, with completion anticipated for April 2022.
An economic impact assessment of the proposal estimates the construction phase to generate $2.3 million in additional economic output, $1.1 million in gross value add to the Shire, $600,000 in income and salaries and six full-time equivalent jobs.
During operation, the annual economic benefit is expected to amount to $2.9 million in output, $1.5 million in gross value add, $900,000 in income and salaries and 18 full time equivalent jobs - assuming only 50 per cent of turnover is new expenditure in the town.
Cr. Bolt encouraged community members to have their say, as feedback will play a vital role in ensuring the development reflects community aspirations for the key site.
The consultation period will run until Wednesday, October, 9.
To view the proposal and supporting documentation visit yoursay.murray.wa.gov.au.
