The City of Vincent has released a revised proposal for transforming two main car parks in the Leederville town centre, featuring larger community facilities, increased public parking, and a new financial arrangement with developers.
Under the updated 2026 business plan for the Leederville car parks major land transaction, the redevelopment of 1 The Avenue and 62 Frame Court will include a new community plaza, additional retail frontages, and a laneway called ‘Little Oxford Lane’ at The Avenue site. The project aims to create a higher-density, pedestrian-friendly urban village with more office space, retail, and community infrastructure.
The number of public parking bays available 24/7 would increase from 484 to 523, and weekend and evening parking would rise from 148 to 160 bays. Developers must maintain at least 287 public bays during construction, up from 262 in the original agreement. The Frame multi-storey car park must be completed before work begins at The Avenue to ensure parking availability.
At the Frame Court site, the multi-storey car park and community hub have expanded. The original small art incubator and end-of-trip facility have been replaced with a larger ground-floor community hub featuring youth spaces, a gig and event venue, and a city rangers office. The car park size has increased from 1,615 sqm to 2,538 sqm, with estimated construction costs rising from $20.4 million in 2023 to nearly $30 million.
The previous requirement for a $10 million cash payment to the city before development of The Avenue South has been removed. The new agreement is based on an infrastructure exchange: the city contributes land valued at $34.75 million, while developer Leederville Asset Pty Ltd and master developer H-U Funds Management Pty Ltd deliver the new multi-storey car park and subdivision works. The Frame car park is valued at up to $38.1 million, with associated works estimated at $9.1 million. The city believes the revised deal will yield a higher net value than the original proposal.
