Elizabeth Quay is a mixed-use development project in the Perth central business district. Located on the north shore of Perth Water and centred on the landmark Swan Bells, it is named in honour of Queen Elizabeth II.
The project includes construction of an artificial inlet on what was previously the Esplanade Reserve, and modifications to the surrounding environs including Barrack Square. The project plan shows nine building sites. Completed facilities are projected to include 1,700 residential apartments, 150,000 square metres of office space and 39,000 square metres of retail space.
Planning Minister John Day and Premier Colin Barnett turned the first ground at the Esplanade Reserve on 26 April 2012, and Barnett announced the name "Elizabeth Quay" on 28 May 2012. Construction of the inlet and associated infrastructure were completed in January 2016, ahead of the Perth International Arts Festival and Fringe World. The quay was officially opened on 29 January 2016. Construction of the associated buildings has been estimated to be completed by 2018, with the Metropolitan Redevelopment Authority's marketing and sales being undertaken between 2014 and 2022.
In February 2011, Premier Colin Barnett and Perth Lord Mayor Lisa Scaffidi confirmed plans for the project and funding which included $270 million from the 2011/12 state budget. The total government outlay would be $440 million with $134 million recovered from property sales to developers.
The project created significant changes to adjacent features such as Riverside Drive,Barrack Square and environs. Other nearby sites such as Supreme Court Gardens and Langley Park were affected through changes in use or additional use. Nearby heritage listed Lawson Apartments and the Weld Club were affected due to pile driving and obstruction of views.