A $200 million development application to demolish Carillon City in the Perth CBD and replace it with a new multi-story building is on track to be approved at a meeting on Wednesday.

The proposed development application. Credit:Dexus Wholesale Property Limited Pty Ltd

The Carillon Development Planning Report application was brought by Dexus Wholesale Property Limited in April after a six-month planning process with the City of Perth, proposing a 24-level mixed-use development in place of the existing Hay Street site.

“Complete demolition of all existing improvements on-site is proposed,” the application said.

“Emerging from the site will be the most significant investment in the CBD retail core for a generation – a six-level flagship retail, hospitality and entertainment centre. The Carillon redevelopment is a true mixed-use proposal that represents the CBD’s best chance of reversing its continuing and accelerating slide from its long-standing position as the primary retail destination in Perth and WA.”