[COM] East Park, Kent Town | 36m | 11 Levels

All high-rise, low-rise and street developments in areas other than the CBD and North Adelaide. Includes Port Adelaide and Glenelg.
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Ben
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[COM] East Park, Kent Town | 36m | 11 Levels

#1 Post by Ben » Tue Jul 29, 2014 3:08 pm

Going before the DAC this Thursday is the following proposal. One guess who the architect is.


Demolition of existing buildings and construction of a new, 11-storey / 36m high residential apartment building containing 106 apartments. The building is
articulated into four tower elements and linked via a series of open walkways. Also included is retail space at ground level fronting the Dequetteville Tce
/ King William St intersection, two levels of basement parking, a central, garden plaza at ground level and associated landscaping.



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[COM] Re: PRO: 4-8 Dequetteville Terrace, Kent Town | 36m | 11 Le

#2 Post by Matt » Tue Jul 29, 2014 3:24 pm

Well this looks familiar...

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[COM] Re: PRO: 4-8 Dequetteville Terrace, Kent Town | 36m | 11 Le

#3 Post by Ben » Tue Jul 29, 2014 3:38 pm

Matt wrote:Well this looks familiar...
Haha I thought the same, which Pruszinski project are you referring too ;)

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[COM] Re: PRO: 4-8 Dequetteville Terrace, Kent Town | 36m | 11 Le

#4 Post by Nathan » Tue Jul 29, 2014 4:14 pm

That's odd. 8 Dequetteville Tce (on the corner with King William St) has *just* finished a complete facade upgrade.

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[COM] Re: PRO: 4-8 Dequetteville Terrace, Kent Town | 36m | 11 Le

#5 Post by how good is he » Tue Jul 29, 2014 5:43 pm

Yes...My guess is that it has been done up in preparation to be the on-site sales/display office to sell the apartments from.

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[COM] Re: PRO: 4-8 Dequetteville Terrace, Kent Town | 36m | 11 Le

#6 Post by Will » Tue Sep 02, 2014 12:43 am

From the Advertiser:


Adelaide developer Palumbo has been given the green light to build high-rise apartments at Kent Town

Giuseppe Tauriello
The Advertiser
September 02, 2014 12:00AM




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Artist impression of Palumbo's East Park -



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Managing director of Palumbo Daniel Palumbo at the site for the first high-rise apartments for the city fringe. Picture: Stephen Laffer



A HIGH-RISE apartment development at Kent Town has become the first to be approved under new planning regulations for the city’s inner rim.

The 11-storey tower, known as East Park, is valued at more than $70 million and will be built by Adelaide developer Palumbo.

It will be located on the corner of Dequetteville Terrace and King William St and will push the boundaries of new height limits imposed under planning changes introduced by the State Government late last year.

Scaling the precinct’s new 36-metre height limit, the project will include four towers linked by a series of open walkways.

Eleven townhouses will occupy the first two floors of the building with 95 apartments planned for the upper nine levels.

Palumbo managing director Daniel Palumbo said the project would offer something new to the Adelaide market, and support more than 400 jobs during construction.

“City fringe living is popular in major cities all over the world and with Adelaide again voted

one of the most livable cities in the world, East Park is a proposition that will attract a lot of

interest from buyers,” he said.


“I’ve got a really positive feeling about this project - it’s one of those locations that doesn’t come up often enough and I really think it’s going to be eaten up.”

“A lot of what’s on the market at the moment is investor product - dual key or 37sqm - we’ve aimed ours at the owner occupier market - some of our living areas are 10 metres long.”

The apartments will be priced from a little more than $300,000 up to more than $2 million for luxury penthouses planned for the top floor.

Established around 25 years ago, Palumbo is a family owned development company with a diversified project portfolio.

The jewel in the crown is a five-star hotel planned next to the Adelaide TAFE campus on Currie St.

Mr Palumbo confirmed the company was in final talks to secure an operator for the 32-storey mixed use tower which would include 252 rooms and 80 apartments, and become the city’s second tallest building.

“We felt like Adelaide needed a five-star so that was what we targeted,” he said.

“I don’t think there are any comparable five-star hotels in Adelaide at the moment - we don’t have the calibre here.”

Palumbo is also in early planning for a 1200-home subdivision at Dublin north of Adelaide, and has been given approval for a 6000sqm office tower adjacent to the former Bendigo and Adelaide Bank headquarters on Pirie St.

“Part of the strategy is to be diversified because I don’t think the Adelaide market allows you to be only concentrated on one area,” Mr Palumbo said.

“We plan to roll on projects after these - we’ve set up a pipeline of around five years and the idea is we’re not going to go on holiday with the money - we’re going to reinvest it back into the state.”

The East Park display centre will be established in early October with construction expected to commence next year.

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[COM] Re: APP: 4-8 Dequetteville Terrace, Kent Town | 36m | 11 Le

#7 Post by Will » Sat Oct 18, 2014 11:43 am


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[COM] Re: APP: East Park, Kent Town | 36m | 11 Levels

#8 Post by ghs » Sat Oct 18, 2014 1:33 pm

Looks impressive :
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[COM] Re: APP: East Park, Kent Town | 36m | 11 Levels

#9 Post by rev » Sat Oct 18, 2014 4:05 pm

I don't see any two story town houses?

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[COM] Re: APP: East Park, Kent Town | 36m | 11 Levels

#10 Post by ghs » Sat Oct 18, 2014 8:34 pm

I think they're 2 storey apartments - that render is great.

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[COM] Re: APP: East Park, Kent Town | 36m | 11 Levels

#11 Post by Will » Mon Oct 27, 2014 10:55 am

The display centre looks complete and appears open for trade, and, it also appears that some preliminary site preparations have occurred.

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[COM] Re: APP: 4-8 Dequetteville Terrace, Kent Town | 36m | 11 Le

#12 Post by ghs » Sat Nov 08, 2014 8:08 pm

Will wrote:Now on realestate.com:

http://www.eastparkkenttown.com.au/
Advertisement for this also on page 3 of The Advertiser today. Will be interesting
to see how the sales go over the next couple of months, the developers are pushing
hard with advertising.

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[COM] Re: APP: East Park, Kent Town | 36m | 11 Levels

#13 Post by realstretts » Sat Feb 07, 2015 6:40 pm

There has been page 3 promo in the Saturday Advertiser the last couple of weeks, pushing harder I guess

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[COM] Re: APP: East Park, Kent Town | 36m | 11 Levels

#14 Post by ghs » Wed Feb 11, 2015 11:11 pm

I received an email today saying that $26 million worth of apartments have been sold.

According to my estimates that would mean approximately 40 - 50% sold.

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[COM] Re: APP: East Park, Kent Town | 36m | 11 Levels

#15 Post by realstretts » Thu Feb 12, 2015 9:51 am

ghs wrote:I received an email today saying that $26 million worth of apartments have been sold.

According to my estimates that would mean approximately 40 - 50% sold.
and 3/4 owner/occupier :)

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