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The $180 million high-rise project, The Pearl, in South Perth is set for revival under new developers Josh Letcher and Dan Mendocca of Velentes, following the liquidation of the previous developer. The Metro Inner Development Assessment Panel is considering an extension for construction to February 20, 2027, with revised plans that include 113 dwellings and a reduced budget of $129 million, while design changes replace commercial space with short-stay accommodations and eliminate the underground carpark due to high water levels.