For the second consecutive quarter of 2007, the value of applications lodged for developments in Adelaide has reached record levels, further confirming the City is in the middle of a building and development boom.
282 new development applications â€“ with a total value of $258.6 million â€“ were lodged with the Adelaide City Council during this yearâ€™s June quarter, taking the value of applications lodged since the start of 2007 to $461 million.
And, the value of development applications approved by the Council during the June quarter was also the highest on record - 285 applications with a total value of $222.2 million.
Lord Mayor Michael Harbison says the City is experiencing boom times.
â€œThe facts speak for themselves. Not only have development applications and approvals reached record levels, but the number of people living, working and studying in the City continues to rapidly grow,â€ he says.
â€œThe Council is well on track to achieve our Strategic Management Plan targets of at least 111,000 people working, and at least 66,000 people studying in the City by 2010.â€
â€œAnd the building boom has added tens of thousands of square metres of office space to the City, including nation-leading examples of green-rated environmentally sustainable developments, such as the new SANTOS House in Flinders Street, and ANZ House in Waymouth Street.â€
Included in the list of development applications lodged during the June quarter is the University of Adelaideâ€™s $48.9 million proposal for a new Engineering building at its North Terrace campus, and the $65 million plan for a residential and hotel development on the Academy Cinema site in Hindmarsh Square.
Among the applications approved by Council during the June quarter are a $111.8 million plan for three new commercial buildings in Angas Street, and a new $35 million office building on the Telstra exchange building site in Franklin Street.
skyliner wrote:I note that Adelaide has been particuklarly susceptible to economic downturns in the past - but much of this has been due to a small narrow econmic base. Now S.A. has three main ecominic bases - mines, agriculture and industry.
rhino wrote:skyliner wrote:I note that Adelaide has been particuklarly susceptible to economic downturns in the past - but much of this has been due to a small narrow econmic base. Now S.A. has three main ecominic bases - mines, agriculture and industry.
According to an article in The Advertiser earlier this week, you can now add Science to that list. Apparently there is more money coming into South Australia through scientific research and the science industry than any other state.
skyliner wrote:thanks for the research effort.
Will wrote:It is no surprise that Victoria gets more research money than SA. However with that in mind I think that it is important to state that important and significant research is being conducted in SA.
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