[COM] 89-109 Gray Street | 59m | 17 Levels | Student Accom

[Ben]

Not sure of the height but given its location anything above 10 storeys would be noticeable. I've done some research and found out it is 670 beds so I would think given the other ones going up it should be atleast 17 levels.

Type: Schedule 10
Application Number: S10/26/2017
Lodgement Date: 26/07/2017
Latest Decision
Location: James Richardson Corp, 89-109 Gray Street, ADELAIDE SA 5000
Description: Demolition and construction of multi-storey student accommodation building with ancillary facilities

Article from earlier this year about the developer.

http://www.commercialguru.com.sg/proper ... into-stude

Wee Hur to redevelop Adelaide warehouse into student housing
Mar 29, 2017

Singapore-based Wee Hur Holdings plans to purchase an office warehouse building at 89-109 Gray Street in Adelaide, Australia, and subsequently convert it into a purpose-built student accommodation, it said in an SGX filing on Tuesday (28 March).

The 26,544 sq ft freehold site, which has redevelopment potential for multiple uses, is located between the main thoroughfares of Currie Street and Waymouth Street in the north-western quadrant of Adelaide’s Central Business District.

Wee Hur intends to pay AU$5.995 million (S$6.36 million) in cash plus goods and services tax (GST) for the property. The consideration, which will be funded by internal resources, was arrived at following arm’s length negotiations on a willing buyer, willing seller basis.

Since the 1970s, the property has been occupied by its owner, James Richardson Wines & Spirits, but it will be handed over with vacant possession after the completion of the transaction.

Specifically, the site will be acquired by Wee Hur PBSA Master Trust via a newly created sub-trust, WH Gray Street Trust, with the Trust Company (Australia) serving as the latter’s trustee.

The proposed acquisition is not expected to have a material impact on the earnings per share and net tangible assets per share of Wee Hur Holdings for the current financial year ending 31 December 2017.

[rev]

Yawn. More student accommodation?

So, is this how they plan on boosting the City's population? By filling it with foreigners who are here temporarily and most of those who decide to get Australia residency or citizenship end up moving to the eastern cities?....

I guess the big sell of high rise living in shoe boxes isn't going so well, despite some on here who are militant that it should be the only option for housing.

[SRW]

I don't think we should look a gift horse in the mouth. International students are a huge boon to our economy, and provided a happy experience, are potential ambassadors for our city around the world. Anyone prepared to cross the oceans and spend their money with us should be welcomed. Though we're educating them we might also learn something (hello fabulous food culture). Plus, by nature of student life, the increasing population of students in the centre will help develop and sustain a 24-hour city life.

[[Shuz]]

Their propeety portfolio doesn't Inspire me with confidence that they'll deliver even a half decent product.

[Algernon]

This is a huge site so I'm not convinced it would be a tall development. Beds /= rooms. Could be as low as 8 floors depending on configuration

[Jaymz]

I don't think we should look a gift horse in the mouth. International students are a huge boon to our economy, and provided a happy experience, are potential ambassadors for our city around the world. Anyone prepared to cross the oceans and spend their money with us should be welcomed. Though we're educating them we might also learn something (hello fabulous food culture). Plus, by nature of student life, the increasing population of students in the centre will help develop and sustain a 24-hour city life.

Yeah, what he said. And I don't see any reason for this to stop anytime in the medium to long term.

[wilkiebarkid]

Their propeety portfolio doesn't Inspire me with confidence that they'll deliver even a half decent product.

Attempt 2

Disgusting!!!

[timtam20292]

Their propeety portfolio doesn't Inspire me with confidence that they'll deliver even a half decent product.

Attempt 2

Disgusting!!!

Now I can seem them! love that pool in the render (2nd one).

[Jaymz]

Looks good to me. Would be more than happy to have that in our CBD.

[ghs]

Yawn. More student accommodation?

So, is this how they plan on boosting the City's population? By filling it with foreigners who are here temporarily and most of those who decide to get Australia residency or citizenship end up moving to the eastern cities?....

I guess the big sell of high rise living in shoe boxes isn't going so well, despite some on here who are militant that it should be the only option for housing.

You can't blame them for moving to the eastern states when there's no decent job opportunities for them here. For graduates who are interested in putting the cardigan on and working for government then there are a few opportunities in the public service. But for those who want to work in the real world then there's very little opportunity in Adelaide. Big companies such as BHP, Coca-Cola, Holden, Mitsubishi have all scaled back or pulled out of South Australia.

The economy is the foundation of a city and our economy is a national disgrace.

[Ben]

No further details on this yet, but looks like they're keen to move quickly.

Type: Application Assessed on Merit:
Application Number: DA/507/2017
Lodgement Date: 03/08/2017
Location: James Richardson Corp, 89-109 Gray Street, ADELAIDE SA 5000
Description: Demolition of two existing building structures.

[citywatcher]

Of cour$e they are

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[Mpol03]

So the image above is the render for this?
Why is it that awful student accom buildings get approved and move at the speed of light? They are now polluting our city centre. I love the idea, student accom needs to be prevalent as students generally add a vibrant nature to the city centre. Being out last night, the city was still abuzz with people and activity past 9PM. But the quality of these proposals needs to lift. We have a city centre filled with dated brown boxes. Why can't we really look to improve the nature of buildings going up? Adelaide will have these for a long time. There needs to be more consideration by whoever approves these.

Apologies for the rant like nature of my posts. I just feel Adelaide has SO MUCH potential. Even without a booming economy, we can still make sure the quality of our developments is of a national standard.

[citywatcher]

Put them up quickly cheaply make a killing I would say
The developer and the landlord make the money if you're looking to invest probably better options around

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[Ben]

So the image above is the render for this?

No the above are just examples of their previous developments, no renders have been released as yet.