[CAN] [The Precinct] | 58m | 5 x 18lvls | Apartments

[mshagg]

Oaks are definately in 'The Gallery' as signage is on Morphett St, but maybe not in 'Altitude' as yet???

Yes, lots of rooms in altitude are managed by Oaks. Im constantly receiving letters from Whittles (strata managers) reminding me that "throwing stuff from the balconies is against strata by-laws", thanks to the bogan morons who frequent oaks serviced apartments for weekend accomodation in Adelaide. Im only a tenant and am quite fond of my apartment but geez if i was an owner i'd be going after the developers, although that's probably an exercise in squeezing blood from a stone at this stage. They really did screw the pooch on this.

The retail component of the precinct has really come to life in the last two months, with a tax and accounting office taking up residency in the ground floor of altitude. Really adds to the cosmopolitan feel of the development lol.

They need to do something with the mess they've left on the franklin st site where loft was supposed to go.

[Ben]

Action call for bus station site

Business10 Jul 12 @ 09:00am by Chloe Kennedy

THE Grote Business Precinct is calling on the City Council to investigate ways to revitalise the former Franklin St bus station site, after it was revealed a residential development planned for the land would not go ahead.

Precinct president Terry Peacock said it was important to maximise the use of the space for residents, traders and people visiting from interstate or overseas, given it could be years before work on a new development started.

Mr Peacock said the group wanted the area to become an entertainment hub, to bring tourists, residents and traders together.

"It is about bringing the residents out of the high-rises and giving them a place to engage with others," he said.

The City Messenger revealed last week the City Council had been forced to abandon the final stage of a $900 million development on the bus station site.

The council had disolved part of its contract with urban Construct and Brookfield Mutiplex after the developers had not met set timeframes.

[phenom]

I'm really in two minds over that call. I'm the first to admit the old bus station site is a mess and not really projecting the 'image' we might want to but I think we all know if something nice was made with that area then it will become a veritable no go zone for any future development because instead of replacing a run down shambles you'd be destroying a 'community meeting point' and may even have to cut down trees etc.

On the other hand, there's so many apartment proposals and sites on the go right now (including the massive Mayfield site) that I think the sites originally earmarked for the Precinct towers are unlikely to be called upon for quite some time even in the most optimistic of scenarios.

[thoughtfactory]

I agree with phenom. I was there photographing today--http://poodlewalks.wordpress.com/2012/1 ... nge/---its basically a high rise dump. And its dead. This development ain't going to revitalize Adelaide. There is no sign of any other building being constructed. The other development won't be completed in the near future.

[Reb-L]

Anybody know what's happening here? Fenced off, lots of shipping containers and the (few) people there say it's a construction site but not much more. Some kind of temporary storage area for upcoming events?

[crawf]

Anybody know what's happening here? Fenced off, lots of shipping containers and the (few) people there say it's a construction site but not much more. Some kind of temporary storage area for upcoming events?

The former bus station site will be transformed into a new hub for this years Adelaide Fringe.

[omada]

Reb-L wrote:Anybody know what's happening here? Fenced off, lots of shipping containers and the (few) people there say it's a construction site but not much more. Some kind of temporary storage area for upcoming events?

The former bus station site will be transformed into a new hub for this years Adelaide Fringe

That's good news!

[Will]

Site is for sale:

http://www.realcommercial.com.au/proper ... -501082799

Adelaide's best CBD development site

The Precinct has been extensively master planned to deliver a high density urban living hub. Two high quality developments comprising 322 apartments are complete; Altitude Apartments and The Gallery with total sales exceeding $140 million.

The balance of the site encompassing approximately 5,638 square metres is offered for sale creating a sensational opportunity for high density residential development, student accommodation, short term visitor accommodation and intensive accommodation for retirement living, possibly incorporating aged care.

The Precinct is located in the burgeoning west end of the Adelaide central business district and is surrounded by approximately $3.5bn of public and private infrastructure investment including the new Royal Adelaide Hospital (RAH), SA Health and Medical Research Institute (SAHMRI), Adelaide University School of Medicine and Nursing, University of South Australia and SA Pathology’s Centre for Cancer Biology. Collectively these developments will form the largest health and biomedical research precinct in the southern hemisphere.

With strong, proven sales history, existing display centre on site, a key CBD location and substantial opportunity for further development, The Precinct is Adelaide’s best high density residential development site.

• Comprehensively master planned development site of 5,638sqm*
• Potential for 560 apartments across 42,570sqm* of gross floor area in multiple stages (STNC)
• “Catalyst site” with no prescribed height limits (STNC)
• Over 320 apartments sold in the first two stages
• Sensational Adelaide CBD location – close to Chinatown, Central Market, restaurants of Gouger Street, University West End Precinct and new Royal Adelaide Hospital
• Holding income potential from existing buildings (STNC)

*Approx

For Sale by Expressions of Interest closing 4pm Thursday 8 May 2014

[crawf]

Sensational Adelaide CBD location

[[Shuz]]

It would seem that this development should appear to be more viable now, with the removal of the height limits for the site. I understand that back when Altitude and Gallery were built, it was under the old ACC development plan regime, which the council actually (believe it or not) raised the height limit to 60m in what was otherwise a 28m height limit zone.

Factoring in the airport flight paths and respective OLS height limitations, I imagine the maximum tallest building(s) would only be around 100-110m (based on precendent of the Rosina Street and 128 Waymouth Street proposals).

[mgb]

It seems as well as selling this site the council is also selling the old bus depot. (reported in todays paper)

Hopefully these locations are purchased by someone with some new ideas and designs that actually get off the ground. Having these derelict sites in a central part of the city is not a good look.

[Dondude]

It seems as well as selling this site the council is also selling the old bus depot. (reported in todays paper)

Hopefully these locations are purchased by someone with some new ideas and designs that actually get off the ground. Having these derelict sites in a central part of the city is not a good look.

Any link for council selling the old bus depot please?

[mgb]

It seems as well as selling this site the council is also selling the old bus depot. (reported in todays paper)

Hopefully these locations are purchased by someone with some new ideas and designs that actually get off the ground. Having these derelict sites in a central part of the city is not a good look.

Any link for council selling the old bus depot please?

It was in yesterdays Advertiser and the agent was McGees. Currently it is not yet listed on realcommercial.com.au but I expect it will turn up there in the next week.

[ml69]

They are both fantastic sites waiting for the right residential development to come along. I actually believe that medium rise is the correct scale for these sites ... development between 8-12 storeys. Something like Mayfield.

If the design quality is excellent, apartment sizes reasonable and prices reasonable, there's no reason why they shouldn't sell well being located in the most happening quarter of the city.

[Waewick]

The probkem is, that there isn't too many Developers in Adelaide with the financial capacity to complete a development of this size.

We are going to need a interstate developer or some sort of JV between govt and private sector.