Palladium Prepares To Light Up Adelaide
Hindmarsh has just commenced work on the luxury Palladium on Light development in Adelaide CBD after forming an exciting new partnership with local developer Diadem Corporation to deliver the landmark residential project.
Early works on Palladium on Light are now underway and Hindmarsh has applied its development expertise to refine the design and configuration of some of the apartments to better respond to specific market demands.
Designed by local architectural studio Intro, with its intimate understanding of the building’s heritage value and the precinct’s historical significance, Palladium on Light will comprise a mix of one, two and three bedroom apartments over 18 levels.
Pending approval of the enhanced design, expected in the coming weeks, the development will now include 64 luxury residences. It will also feature an innovative car park stacking system, the first of its kind in Adelaide.
The design of Palladium celebrates Adelaide’s rich heritage with an integrated entry foyer and split level cafe/restaurant within the stone building for people to enjoy alfresco dining overlooking Light Square.
Diadem Corporation Managing Director Nick Dean said “Hindmarsh’s extensive track record in development and construction makes it the ideal partner for us to ensure the new vision for Palladium on Light is realised.”
Hindmarsh SA Development Manager Morry Canala said the start of work is a welcome milestone given the strong market response to the apartments to date and the community’s anticipation for a revitalised Light Square precinct.
“Hindmarsh has created some of Adelaide’s most iconic and successful projects and we are excited to now partner on Palladium on Light, a project that promises to set a new standard for luxury apartment living and innovation in the CBD,” Mr Canala said.
“The features, facilities and lifestyle on offer at Palladium on Light will be of a quality and sophistication never before seen in Adelaide. The development is already around 50% sold and enquiry is strong, with limited opportunities still available for buyers to secure one of Adelaide’s most innovative new luxury residences.”
A selection of one, two and three bedroom apartments are available with prices starting from $400,000. The apartments will take advantage of the building’s prime orientation and aspect, adjacent to one of Adelaide's most significant green squares, and will feature open-plan layout, large external balconies and luxurious interior finishes.
Palladium on Light will sensitively restore an existing heritage building and breathe new life into the historical Light Square precinct. Residents will benefit from immediate proximity to Adelaide’s most celebrated cultural, entertainment, shopping and dining hotspots.
“As demonstrated by our delivery of the Ergo Apartments in partnership with Adelaide City Council, Hindmarsh has specific expertise in establishing effective partnerships with the public, private and not-for -profit sectors to create quality projects that satisfy the market’s appetite,” Mr Canala said.
“Palladium on Light will be another example of our capacity to negotiate strong partnerships to create innovative projects that leave a positive legacy,” he added.
Demand for the remaining apartments is strong and interested buyers are urged to act quickly to secure their piece of Adelaide’s newest luxury and lifestyle destination. Local specialist Julianne Price Real Estate is coordinating the sale campaign for the apartments.
Further information can be found on the project’s website,
www.palladiumapartments.com.au .
Palladium on Light will be delivered to a 6-star energy standard, positioning it as one of the city’s most progressive environmentally friendly buildings when complete in mid 2016.
In addition to numerous high profile residential projects in Adelaide, in 2013 Hindmarsh delivered the ground breaking South Australian Health and Medical Research Institute, an innovative project with a striking pine cone skin façade that redefined the city’s built environment.
Hindmarsh was Managing Contractor for the $200 million project on North Terrace, completed for the South Australian Department of Planning, Transport and Infrastructure.