News & Developments: Port Adelaide

[baytram366]

Just heard from a friend that the building firm linked to Fletchers Slip has gone under. Can anyone shed any further light on this and what it means for The Port?

[ChillyPhilly]

Just heard from a friend that the building firm linked to Fletchers Slip has gone under. Can anyone shed any further light on this and what it means for The Port?

Just heard over $4m owed to creditors. Yikes.

[SRW]

Just heard from a friend that the building firm linked to Fletchers Slip has gone under. Can anyone shed any further light on this and what it means for The Port?

Just heard over $4m owed to creditors. Yikes.

Apparently also working on Dock One and projects in Lightsview, Underdale and Torrens Park:
https://www.abc.net.au/news/2023-09-12/ ... /102845102

[Mpol02]

In Łódź, Poland and what they’ve done with their old fabric factories is brilliant, would be great if they turned these old warehouses into the port into something of the same vein. They have been restored beautifully.

[Allkai]

Just heard from a friend that the building firm linked to Fletchers Slip has gone under. Can anyone shed any further light on this and what it means for The Port?

Just heard over $4m owed to creditors. Yikes.

The final number will end up much more than this, if they had $110M work on the books.

[ChillyPhilly]

It's almost like building housing estates from scratch is not economically viable at the moment...

[Nathan]

It's almost like building housing estates from scratch is not economically viable at the moment...

Which puts further validity into RenewalSA "suddenly" stepping in on the West End site.

[rev]

It's almost like building housing estates from scratch is not economically viable at the moment...

If that were the case they'd all be collapsing.

[SBD]

It's almost like building housing estates from scratch is not economically viable at the moment...

Which puts further validity into RenewalSA "suddenly" stepping in on the West End site.

So we put the State on the hook for propping up unviable development instead of addressing the problem of making it viable to develop a new housing estate.

Presumably the problem is that more demands are being put on developers (larger intersections and access roads, bigger flood mitigations, underground power, water, gas (despite it being likely phased out), recycled water, sewer) and then capping the profits by demanding higher proportions of "affordable housing" and the market requiring fixed-price construction despite delays and inflation.

[Norman]

I doubt it's the new demands. Builders today still struggle for labour to build the houses, which is not helping their books after the huge lack of materials experienced over the last 3 years. It will take a while for the industry to get back to somewhat normal conditions.

[eKwatee]

Also the increases in creating new titles, the increase costs associated with the new building code, and also the increase construction costs for 7 star energy rating for new builds. The government hates affordable housing.

[rev]

Perhaps the issue isn't so much all these factors mentioned, but the determining factor is how some of these businesses that have gone under have been operated.
How is it that some are able to absorb these shocks, but some have fallen over? Generally that's a sign that those that have fallen over have been managed poorly.

[Tommo]

Generally that's a sign that those that have fallen over have been managed poorly.

Perhaps the other way around, the shoddy builders are surviving because they're taking shortcuts. I know a few tradies in the building industry that have lost their jobs recently because their work was of too high quality, the argument being if they did a worse job they'd be able to complete more jobs in the same amount of time, their workmanship was costing the company money. Sounds odd but looks like it costs them less dealing with complaints and rework than doing it right the first time.

[I Follow PAFC]

Look like Metricon is now doing Fletcher's Slip. Not sure if all or some but got a sign up.

[PeFe]

Construction work commenced on the Colac Hotel renovation plus new apartments next door

From Glam Adelaide

Construction underway to breathe new life into historic Colac Hotel in Port Adelaide



Construction works have commenced to revive the iconic Colac Hotel in Port Adelaide. Dating back to its grand opening in 1885, the Colac Hotel has been a local establishment in the area for decades.

Closed since 2011, the Colac Hotel’s revival is part of a significant development project that includes the construction of a multi-level apartment block. It’s set to maintain its original name (The Colac) and keep its old-world charm (in the front) while receiving much-needed modern upgrades and facilities.

The historic Colac Hotel was originally built between 1883 and 1885, serving as a favoured gathering spot for hardworking wharfies in its heyday. The pub was also owned by the Labor Party from the early 70`s up to when it closed its doors in 2011. For over a decade, it has remained vacant, waiting for the rejuvenation it deserves.

Although the project had faced extensive delays, Dock One posted on Facebook in August last year sparking fresh hope for the Colac Hotel’s revival. The Facebook post stated, “Reviving history with a modern twist! Works are currently underway for the Colac Hotel, transforming it from its 1885 roots into a 2024 gem. Stay tuned!”

Dock One, encompassing Dock One Stages 1 & 2, is one aspect of transforming Port Adelaide into a thriving hub. Architecturally designed homes are going up inspired by local history, art and culture, offering residents a unique lifestyle opportunity. With waterfront and park-facing options, Dock One brings together green surroundings and the blue of Port Adelaide’s waters.

Dock One promises a bright future with private and government investments in jobs and infrastructure already in motion.

Development Features Include:

750 townhouses and apartments
Retro boutique hotel with 160 rooms, including a rooftop bar
Conference facilities
Open-air cinema
Restaurant bistro
Promenade reserves and park links
23,500m² of green open space
10 floating hotel suites
Floating bar
Pedestrian bridge
As construction progresses on the Colac Hotel and the Dock One development, it’s set to join a flurry of more developments in the area.

https://glamadelaide.com.au/constructio ... -adelaide/