[COM] 374-400 King William Street | 47m | 11lvls | Office

All high-rise, low-rise and street developments in the Adelaide and North Adelaide areas.
Message
Author
User avatar
skyliner
Super Size Scraper Poster!
Posts: 2359
Joined: Tue Oct 24, 2006 9:16 pm
Location: fassifern (near Brisbane)

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#346 Post by skyliner » Sat Jul 19, 2008 2:03 pm

Loud, I read the AFR on 16/7 and found that Adelaide office vacancy levels are at 4.7%, down from 5.7% in the last quarter - it suggests to me the demand for space is there - so would be surprised if this one stops altogether.

ADELAIDE - TOWARDS A GREATER CITY SKYLINE
Jack.

Professor
High Rise Poster!
Posts: 469
Joined: Fri Jul 13, 2007 2:12 pm
Location: Solomon Islands

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#347 Post by Professor » Sun Jul 20, 2008 10:23 am

This is unlikely to be a stalled building. They do not slowly stop as the money dwindles, the financial institution removes teh funding and the building just stops.

I am away from Adelaide until this coming week but think that I will brave the winter elements (ie on the outside) and venture into the warm lunch room to see what I can find out from the site staff. It seems that this is just a slow build with not enough people or technology applied. This building would be a nice entrance to south KWS so hopefully it is just a different kind of build.

User avatar
Pikey
VIP Member
VIP Member
Posts: 2492
Joined: Wed Jul 13, 2005 7:41 am
Location: Sitting Down

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#348 Post by Pikey » Sun Jul 20, 2008 10:29 am

It definately hasn't stopped. More steel on the western side has been added, which throws my construction style theory out of the window!
Walking on over....

| Sensational-Adelaide.com Moderator |

loud
High Rise Poster!
Posts: 130
Joined: Tue Sep 18, 2007 4:25 pm

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#349 Post by loud » Mon Jul 21, 2008 9:56 am

Im just reporting what I have heard...

Also, just because vacancy rates are dropping, it doesn't mean you can just knock up a building and expect tenants to flood through the door! You need to remember that these rates are calculated based on the occupation level of existing buildings. If you add extra floor space to these numbers (in the form of a new building) without having a tenant pre-committed, the vacancy rate will obviously go up.

User avatar
omada
Donating Member
Donating Member
Posts: 686
Joined: Mon Jul 16, 2007 10:03 am
Location: Eden Hills

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#350 Post by omada » Mon Jul 21, 2008 3:41 pm

Loud: Im just reporting what I have heard...
what..from some bloke at the local fish 'n chip shop?

Professor
High Rise Poster!
Posts: 469
Joined: Fri Jul 13, 2007 2:12 pm
Location: Solomon Islands

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#351 Post by Professor » Tue Jul 22, 2008 12:02 pm

Lots of action today erecting more structural steel on the eastern boundary.

Not a rumour - a drive-by...

Will try to get to the site this week and ask how they intend to get the next 6 floors built on top of what is becoming a fairly constricted site.

loud
High Rise Poster!
Posts: 130
Joined: Tue Sep 18, 2007 4:25 pm

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#352 Post by loud » Tue Jul 22, 2008 12:14 pm

omada wrote:
Loud: Im just reporting what I have heard...
what..from some bloke at the local fish 'n chip shop?
Grow up!

Just because I have suggested that a development may have stalled / be stalling, it doesn't mean you have to go and wet your pants about it and make immature references to my input to this forum. So what if it stalls? Development has stalled in Adelaide before, why can't it stall again?

Professor
High Rise Poster!
Posts: 469
Joined: Fri Jul 13, 2007 2:12 pm
Location: Solomon Islands

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#353 Post by Professor » Tue Jul 22, 2008 12:34 pm

It has not stalled

Best to go down there and have a look.

While it may be slower than an Adelaide Crow's rover, is still under construction.

loud
High Rise Poster!
Posts: 130
Joined: Tue Sep 18, 2007 4:25 pm

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#354 Post by loud » Tue Jul 22, 2008 12:59 pm

Professor wrote:It has not stalled

Best to go down there and have a look.

While it may be slower than an Adelaide Crow's rover, is still under construction.
Ok, so it hasn't stalled yet. I still understand that it will though...


ps... i don't mind if im proven wrong on this, but lets wait and see, ok?

User avatar
skyliner
Super Size Scraper Poster!
Posts: 2359
Joined: Tue Oct 24, 2006 9:16 pm
Location: fassifern (near Brisbane)

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#355 Post by skyliner » Tue Jul 22, 2008 6:06 pm

loud wrote:Im just reporting what I have heard...

Also, just because vacancy rates are dropping, it doesn't mean you can just knock up a building and expect tenants to flood through the door! You need to remember that these rates are calculated based on the occupation level of existing buildings. If you add extra floor space to these numbers (in the form of a new building) without having a tenant pre-committed, the vacancy rate will obviously go up.
Appreciate your input.

I think you know what I'm getting at with my comment about vacancy rates - demand - if a city is growing and experiencing healthier economic times such as Adelaide is.(take a look at the mining thread). I do understand how the figures are worked out and how they are used concerning new catering for resultant demand. Eventually it all comes in cycles - the last of such beingn the 1980's (as I am given to understand).

Another tangential factor is the willingness of some builders go speculative in good times where nedd for space is thought definite in the future. this I understand has happened with 88 coglin (Off Googer). I stand corrected - may be wrong. This building is under a speculative construction to some degree. (see earlier in the thread)

Take a look at Perth concerning all these factors - there does seem to be a similarity.

IMO vacancy rates and associated trends area good indicator as to need for more office buildings andor hotels.Eventually the construction WILL raise levels ans so peter off - but not yet).

I REALLY hope this one is'nt 'going to the wall' so to speak. (Too much evidence around to say it will stop).

BTW - Ben - another piccy possible soon???. You do a great job for such people as me in the outer antipodes.

ADELAIDE - TOWARDS A GREATER CITY SKYLINE
Jack.

joy
Sen-Rookie-Sational
Posts: 22
Joined: Fri Mar 28, 2008 1:26 am

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#356 Post by joy » Wed Jul 23, 2008 3:22 am

Hopefully this project will get going properly as are the Wave, Edge and Hills nearby. We all need this Southern Precinct to further develop and add to the Southern Adelaide City Environment. Plans for the Tower behind the Brecknock are still 18 months away. But they are very likely to happen.

Professor
High Rise Poster!
Posts: 469
Joined: Fri Jul 13, 2007 2:12 pm
Location: Solomon Islands

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#357 Post by Professor » Wed Jul 23, 2008 1:27 pm

Just talked to one of the guys on site. There is more steel going in today.

He said there would be a hammer-head crane, similar to the one for wave / edge, installed to do the top half of the steelwork and the rest of the building materials etc.

The crane will be located in the centre of the building (in the "guts", to quote him!) and will be installed in 5-6 weeks.

UrbanSG
VIP Member
VIP Member
Posts: 1848
Joined: Fri Aug 19, 2005 8:55 am

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#358 Post by UrbanSG » Wed Jul 23, 2008 2:05 pm

Darn. This site really deserved 2 cranes considering its size. So still another month to 2 month wait for a crane. They really are taking their time with this development.

They need to put some covered walkways up along the street frontages too so they can actually do weekday work on this part of the building instead of closing the footpath off on weekends and doing it then.

Professor
High Rise Poster!
Posts: 469
Joined: Fri Jul 13, 2007 2:12 pm
Location: Solomon Islands

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#359 Post by Professor » Wed Jul 23, 2008 3:26 pm

I agree with you on what is required, but this is a pretty ordinary project site in comparison to the two adjacent ones.

I think the crane will be hired (ie something like Nick's Cranes) as this project seems to comprise a pretty loose assembly of sub-contractors with little centralised organisational leadership. Not many guys on site at the one time and very slow work in the non-steel erection section of the building schedule.

Still, it is moving ahead slowly and the loooooong wait for a new crane will only help increase the anticipation!

User avatar
skyliner
Super Size Scraper Poster!
Posts: 2359
Joined: Tue Oct 24, 2006 9:16 pm
Location: fassifern (near Brisbane)

[COM] Re: #U/C: 374-400 King William St - 47m, 11 lvls

#360 Post by skyliner » Wed Jul 23, 2008 5:52 pm

I was expecting 2 cranes too. Good to see it is as hammerhead. Never saw any in the 1980's boom. Like their style - very common in Bris. Wonder if it saved them in expenses by not using a crane thus far?

6 - 8 wks seems a long wait before a crane is put up - in keeping with the current project history I suppose.

ADELAIDE - TOWARDS A GREATER CITY SKYLINE.
Last edited by skyliner on Wed Jul 23, 2008 5:57 pm, edited 1 time in total.
Jack.

Post Reply

Who is online

Users browsing this forum: Ahrefs [Bot], Google [Bot] and 2 guests