News & Discussion: Low/Mid-Rise CBD Development

[jk1237]

I thought these Whitmore Square apartments were meant to be affordable? Two apartments are up for lease at $470 a week, hardly affordable! Especially considering they will be subject to the constant drunk and disorderly behaviour that occurs in Whitmore Square.

Ive noticed that those people have either been cleaned up or shipped out. Theres now a basketball ring in the square which is frequented by happy students, and that former dodgy hotel has been stripped back to its cool blue stone facade, and is now a nice pub called the Whitmore. The area is much better nowadays

[Omicron]

Yes there are a lot of expensive rentals in the CBD area. However $470 is getting very steep for what is being offerred, especially considering other developments that are not touted as being affordable (therefore they don't get the benefits from the ACC and State Government) are actually far cheaper to rent per week. The recently completed development next door on Sturt Street was cheaper in the low $400's and offered a far better product.

Private developers/owners will almost always do a better job of catering to the market than the Government.

[monotonehell]

Private developers/owners will almost always do a better job of catering to the market than the Government.

Oh dear, you've become hard to see again.. all the way over there to the right.

ROI dictates high cost housing in the city. The problem when the government try to supply low end housing is that they try to use market mechanisms to make it happen. All you get then is a queue of developers with their hands out. "Free money? Yes please!"

(There really isn't a correct answer of course, but expecting a free market to forgo margin without someone setting a precedent proving that they can make more money that way is dreamin'. Investors don't like to try new things. They love proven cookie cutter investments.)

[crawf]

I thought these Whitmore Square apartments were meant to be affordable? Two apartments are up for lease at $470 a week, hardly affordable! Especially considering they will be subject to the constant drunk and disorderly behaviour that occurs in Whitmore Square.

Ive noticed that those people have either been cleaned up or shipped out. Theres now a basketball ring in the square which is frequented by happy students, and that former dodgy hotel has been stripped back to its cool blue stone facade, and is now a nice pub called the Whitmore. The area is much better nowadays

It's a shame that a huge arse road goes straight through Hindmarsh and Hurtle Squares, they would be perfect candidates for a basketball court.

I'm sure city workers and students would love the idea

[Omicron]

Private developers/owners will almost always do a better job of catering to the market than the Government.

Oh dear, you've become hard to see again.. all the way over there to the right.

I knew you'd like that.

[jk1237]

Hey peoples, anyone know what they're doing to that old building on Rundle Street (corner Ebenezor Place) - the old warehouse looking one. Theres been a temp crane down that laneway (Ebo Place) for past 2 weekends that looks to me as if they're adding some extra floors on top

[Dr-T]

Hey all, does anyone know if they have started on the Vitality building on Franklin St yet? ACC logged final certification about 6 weeks ago..

[Will]

111 South terrace is now on Public consultation.

9 level apartment building, roughly 27M in height.

http://www.adelaidecitycouncil.com/adcc ... _plans.pdf

This development will come before the state government DAC on December 15.

The DAC is expected to grant planning APPROVAL to this proposal.

[Adelarch]

I don’t know if it’s the same mob or a different one proposing it but somewhat strangely a new 5 level proposal is back in with Council for 13 Hutt Street – looks like a dumbed down version of the previous rejected design shown at the bottom Maybe I'm missing something but I can't see how this one can get approval if the previous one didn't make it on the grounds of requiring demolition of one period cottage in a row of three?

[Omicron]

And if you were going to approve either, the first proposal (second picture) is much nicer to look at. In any case, aren't there enough hideous buildings in Adelaide that can be knocked down instead of pretty little cottages?

[AtD]

If only we could drag and drop it somewhere else...

[Dr-T]

If only we could drag and drop it somewhere else...

That could be a reality if Bill Gates ever gets into the property game.. Sorry, poor humour there

[peas_and_corn]

If only we could drag and drop it somewhere else...

That could be a reality if Bill Gates ever gets into the property game.. Sorry, poor humour there

Yeah, but if he was behind it, the application will crash and the building will land in the middle of a street somewhere.

[UrbanSG]

242-248 Franklin Street, taken today:

[Ben]

Sales office is currently being constructed.

http://www.flindersloft.com.au/

Taking New York style loft living as its inspiration, Flinders Loft is a $16 million urban renewal project to reinvigorate a nineties office block. By working with the original building’s structure and adding additional levels of living space, we plan to create a striking and contemporary mixed-use building comprising 18 boutique apartments, premium office space and ground floor retail.

Residences will feature lofty ceilings and spacious open plan living areas reminiscent of Manhattan lofts while an entirely new façade will transform the building’s exterior. Occupants will share the use of Australia’s first body corporate owned full electric car.

Type: Application Assessed on Merit
Application Number: DA/1022/2010
Lodgement Date: 23/12/2010
Location: 272-276 Flinders Street, ADELAIDE SA 5000
Description: Alterations to existing office building, add two new levels and use levels 4-6 as residential apartments.