News & Discussion: General CBD Development

[Nort]

I just stumbled across this video on YouTube - potential new development brewing at 195 North Terrace?

Just looks like the building is for sale. https://www.commercialrealestate.com.au ... 2018448175

[gnrc_louis]

Can someone please post this: https://www.adelaidenow.com.au/subscrib ... our=append

[Jaymz]

Can someone please post this: https://www.adelaidenow.com.au/subscrib ... our=append

Here you go, without pictures but the site is the old bus terminal along with the entire car parking area to the south and east......

Massive Adelaide development site attracts million-dollar interest
The Advertiser can reveal a massive CBD land area has attracted offers in the tens of millions of dollars from developers.

Miles Kemp
Follow
@bykemp
2 min read
April 12, 2023 - 6:00PM

Adelaide’s biggest CBD development has begun with the council selecting a $30m deal as the preferred tender at a secret meeting on Tuesday night.

The Advertiser can reveal the massive land area west of the Franklin St interstate bus terminal was the subject of multiple offers from interested developers for a tower development.

At 6,800 square metres the footprint will be more than 12 times the size of the average 541 square metre suburban block in greater Adelaide.

It is close to the size of the former Le Cornu site in North Adelaide, which is approved for three towers with a total of 33 storeys.

After ejecting the public from the council meeting on Tuesday night, councillors selected the tenderer for what will become a major housing project and decided on a series of extra benefits it hopes to extract for ratepayers from the developers.

It is the first time the council has put a price on the 111-129 Franklin Street property, with $30m being the starting point for talks.

The previous council had not set any strong conditions benefiting ratepayers on development, but the new green/left dominated body is likely to want more.

Adelaide Central Market chair and CBD development pioneer Theo Maras said the site was a “golden opportunity” for Adelaide because if its size and location.

“This will be a people’s place of remarkable size and it is gold,’’ he said.

“It will be a social environment of huge power and influence in that area of the city.

“We are short of people in every area of employment, and that is in part because what is the point of taking up a job (in the city) if you have nowhere to live.

“Residential development is very very much needed. There is a total shortage of every level of housing from social, key worker, affordable, and high standard housing.”

The preferred tenderer remains secret to protect commercial-in-confidence considerations, but the deal is being co-ordinated by JLL Adelaide.

Plans to do something with the mainly disused site date back to 1991 when discussions to move the dated bus terminal began.

The Advertiser revealed last month Lord Mayor Jane Lomax-Smith was pushing an agenda for low-cost housing solutions on council owned land.

The sale will fuel debate within council about a possible significant rates increase.

Revenue has been increased in recent years only by property value increases and growth.

Since the November 2022 election the council has been dominated by green/left councillors, with few of the former economically conservative Team Adelaide members remaining.

The Advertiser understands the latter will use the around $30 million bus depot sale as an argument for smaller rate rises.

[abc]

Can someone please post this: https://www.adelaidenow.com.au/subscrib ... our=append

Here you go, without pictures but the site is the old bus terminal along with the entire car parking area to the south and east......

Massive Adelaide development site attracts million-dollar interest
The Advertiser can reveal a massive CBD land area has attracted offers in the tens of millions of dollars from developers.

Miles Kemp
Follow
@bykemp
2 min read
April 12, 2023 - 6:00PM

Adelaide’s biggest CBD development has begun with the council selecting a $30m deal as the preferred tender at a secret meeting on Tuesday night.

The Advertiser can reveal the massive land area west of the Franklin St interstate bus terminal was the subject of multiple offers from interested developers for a tower development.

At 6,800 square metres the footprint will be more than 12 times the size of the average 541 square metre suburban block in greater Adelaide.

It is close to the size of the former Le Cornu site in North Adelaide, which is approved for three towers with a total of 33 storeys.

After ejecting the public from the council meeting on Tuesday night, councillors selected the tenderer for what will become a major housing project and decided on a series of extra benefits it hopes to extract for ratepayers from the developers.

It is the first time the council has put a price on the 111-129 Franklin Street property, with $30m being the starting point for talks.

The previous council had not set any strong conditions benefiting ratepayers on development, but the new green/left dominated body is likely to want more.

Adelaide Central Market chair and CBD development pioneer Theo Maras said the site was a “golden opportunity” for Adelaide because if its size and location.

“This will be a people’s place of remarkable size and it is gold,’’ he said.

“It will be a social environment of huge power and influence in that area of the city.

“We are short of people in every area of employment, and that is in part because what is the point of taking up a job (in the city) if you have nowhere to live.

“Residential development is very very much needed. There is a total shortage of every level of housing from social, key worker, affordable, and high standard housing.”

The preferred tenderer remains secret to protect commercial-in-confidence considerations, but the deal is being co-ordinated by JLL Adelaide.

Plans to do something with the mainly disused site date back to 1991 when discussions to move the dated bus terminal began.

The Advertiser revealed last month Lord Mayor Jane Lomax-Smith was pushing an agenda for low-cost housing solutions on council owned land.

The sale will fuel debate within council about a possible significant rates increase.

Revenue has been increased in recent years only by property value increases and growth.

Since the November 2022 election the council has been dominated by green/left councillors, with few of the former economically conservative Team Adelaide members remaining.

The Advertiser understands the latter will use the around $30 million bus depot sale as an argument for smaller rate rises.

I can think of another reason why this is the case, but developers can blame it on not having enough people here all they want

yes more low-cost housing in the CBD will fix it...

[SRW]

The Advertiser revealed last month Lord Mayor Jane Lomax-Smith was pushing an agenda for low-cost housing solutions on council owned land.

The sale will fuel debate within council about a possible significant rates increase.

Revenue has been increased in recent years only by property value increases and growth.

Since the November 2022 election the council has been dominated by green/left councillors, with few of the former economically conservative Team Adelaide members remaining.

The Advertiser understands the latter will use the around $30 million bus depot sale as an argument for smaller rate rises.

I hadn't heard about the Lord Mayor's affordable housing agenda, but it's good to hear. Council shouldn't be deploying its limited funds toward developments with 2-bedroom apartments costing over $1.2 million like it has at 88 O'Connell.

[AndyWelsh]

Looks like a couple of significant re-cladding jobs are about to commence.

1 King William Street.



https://hindmarsh.com.au/project/1-king ... ecladding/

Glad to see 1 KWS is getting another makeover, the last attempt was foul. I know the consensus on here was that the cladding necessary due to the deterioration of the original facade, but I almost believe it’s a worthwhile investment for those who own the building to consider a heritage restoration. This building has a lot of history and is certainly a product of its time, architecturally speaking.

From today:





Sent from my iPhone using Tapatalk

[Will]

Can't wait for those ghastly orange elements to go!

[abc]

who would be the relevant authority to report this disgrace to?

with the development seemingly suspended indefinitely, we have the existing building being inhabited by destructive squatters who are also vandalising the neighbouring building

no one, not the police, not the council, not the state government nor the owner of either of these properties seems to be doing anything about it

how hard is it to employ some security for this site?

[gnrc_louis]

Don’t necessarily agree with this, but it is undoubtably a disgrace what’s been allowed to happen with Gawler Chambers and change of some kind is needed: https://indaily.com.au/news/2023/04/20/ ... buildings/

[rev]

who would be the relevant authority to report this disgrace to?

with the development seemingly suspended indefinitely, we have the existing building being inhabited by destructive squatters who are also vandalising the neighbouring building

no one, not the police, not the council, not the state government nor the owner of either of these properties seems to be doing anything about it

how hard is it to employ some security for this site?

You seem to be pretty bothered but it....Have you rang the council, police, government, owners?

[abc]

who would be the relevant authority to report this disgrace to?

with the development seemingly suspended indefinitely, we have the existing building being inhabited by destructive squatters who are also vandalising the neighbouring building

no one, not the police, not the council, not the state government nor the owner of either of these properties seems to be doing anything about it

how hard is it to employ some security for this site?

You seem to be pretty bothered but it....Have you rang the council, police, government, owners?

I'm asking who the relevant authority is

the council have a form system and none of the channels they direct you to are appropriate as they only care about council property

[Nort]

who would be the relevant authority to report this disgrace to?

with the development seemingly suspended indefinitely, we have the existing building being inhabited by destructive squatters who are also vandalising the neighbouring building

no one, not the police, not the council, not the state government nor the owner of either of these properties seems to be doing anything about it

how hard is it to employ some security for this site?

You seem to be pretty bothered but it....Have you rang the council, police, government, owners?

I'm asking who the relevant authority is

the council have a form system and none of the channels they direct you to are appropriate as they only care about council property

What do you mean by relevant authority?

[rev]

who would be the relevant authority to report this disgrace to?

with the development seemingly suspended indefinitely, we have the existing building being inhabited by destructive squatters who are also vandalising the neighbouring building

no one, not the police, not the council, not the state government nor the owner of either of these properties seems to be doing anything about it

how hard is it to employ some security for this site?

You seem to be pretty bothered but it....Have you rang the council, police, government, owners?

I'm asking who the relevant authority is

the council have a form system and none of the channels they direct you to are appropriate as they only care about council property

You're essentially complaining about the state private property is in. Unless there's a council by law or something regarding graffiti, take it up with the owner of said private property.

https://propertyregistry.com.au/land-title-search/

Here you go. Never used it so don't know what the cost is. This will give you the name of the owner, in this case I assume it will be a company name. You should be able to Google them and find contact details and get in touch with them regarding the state of their building.

[Prodical]

I agree that there are many heritage buildings in Adelaide that are abandoned and prone to vandalism.

My pet gripe is the Newmarket hotel. It is a beautiful building, slowly getting wrecked and covered in graffiti. It is really bad for our city.

The site has an approved plan for 32 levels of accommodation, so I emailed the developers (Future Urban) to ask what is happening but no reply.

I understand that in Europe there are penalties for developers that get approval and do not proceed, or who hold sites for extended periods without doing anything. There seems to be a lot of that in Adelaide - often with development approvals granted and then the site is put up for sale.

Not sure of the answer - but I would support a % levy for those sites that have a development approval and then sit vacant for years.

[urban]

Future Urban are the planners who submitted the planning application. They are not the developers so it's not surprising that they didn't provide a response.

Current grant schemes for heritage repairs/restorations are so insignificant in terms of funding that it costs developers of large heritage building as much to apply for the funding as they will get back.