Sensational-Adelaide.com

Will wrote:I wouldn't say it's on hold. Its more like the owner/developer is maximising profitability from the site until a tenant becomes available.

The term 'on Hold' should only be used when construction has actually begun on a building and it has stopped for whatever reason.

white_goodman wrote:

Will wrote:I wouldn't say it's on hold. Its more like the owner/developer is maximising profitability from the site until a tenant becomes available.

The term 'on Hold' should only be used when construction has actually begun on a building and it has stopped for whatever reason.

i concur, waiting for a tenant does not imply on hold because as soon as they get one its goes ahead...

monotonehell wrote:[


I'd say at any stage after the project has been approved we can say that it's either...
#ONH: On Hold
or
#CAN: Canceled...
If work is not going ahead.

Development Application DA/601/2006 was granted Development Plan
Consent on the 7 May 2007 for the demolition of the existing Telstra Exchange
Building and the construction of a new 17 level office building containing 6
levels of ancillary carparking with retail and cafe tenancies on the ground
level.
A request for an extension of time for this consent was subsequently received
and granted for an additional 12 month period expiring on the 7th May 2009.
On the 8 October 2007 Stage 1 of Develoment Application DA/601/2006 was
granted Development Approval for the demolition and clearing of site which
has since occurred. Demolition was granted as a separate staged approval of
the development in this instance due to the concerns that both the applicant
and Council staff had in regards to the safety of the building.
On the 13 November 2008, a Council officer inspected the site and observed
the site being used as an unauthorised open lot car park. The officer
subsequently issued a Section 84 notice which has since been appealed. The
application the subject of this report was subsequently lodged. A compulsory
conference is due to be heard in the ERD Court on 6 December 2008.

The applicant has sought the temporary use of the site for car parking for a
period of up to 18 months. The applicant has indicated that they are
currently negotiating with prospective tenants to secure sufficient precommitment
before commencing detailed design and construction of the
approved development and as such do not expect to commence the next
stage of construction for this period.

Will wrote:The probelm with this system is how does one determine when a project goes from 'Approved' to 'On hold'?

Many projects particularlry office projects can remain on the market for quite a few years before a tenat is found and work begins.

Regarding this building, it is too premature to say that it is on hold. No announcement has been made by the developer to that effect. Just because the site is being used as a carpark does not mean the development is on hold. It simply means that it is more economical for the developer to use the land as a carpark rather than having to maintain a derelict building until a tenant is found.

We should only use the term on hold when we have credible evidence that a development is actually on hold; i.e. Hills House or the Masonic Lodge apartments.
Otherwise confusion will reign. For example on this website the project at 102-120 Wakefield Street has the same circumstances as this project yet it is classified as 'SWP'.

1. In a state of temporary interruption, but not disconnection, during a telephone call, as in While I was on hold, I checked my calendar for when I could schedule a meeting, or They had to put me on hold while they looked up my account. [c. 1960]
2. In a state of postponement or delay, as in When she was transferred, they had to put their romance on hold. This figurative usage is a broadened sense of def. 1. [Colloquial; c. 1970]

monotonehell wrote:Once a project is approved, then it's on hold until site works commence. Then once they're finished, if actual construction doesn't quickly follow -- then it's on hold.

Development Application DA/601/2006 was granted Development Plan
Consent on the 7 May 2007 for the demolition of the existing Telstra Exchange
Building and the construction of a new 17 level office building containing 6
levels of ancillary carparking with retail and cafe tenancies on the ground
level.

Shuz wrote:Uhhh... this doesn't seem quite right.

Development Application DA/601/2006 was granted Development Plan
Consent on the 7 May 2007 for the demolition of the existing Telstra Exchange
Building and the construction of a new 17 level office building containing 6
levels of ancillary carparking with retail and cafe tenancies on the ground
level.

Shuz wrote:I highlighted it in bold and italics - mentions the demoltion of the Telstra Exchange building - and if I'm not mistaken - that is the huge eyesore which fronts Waymouth Street (again, getting confused as the applications for Franklin Street - but the site is adjacent to it)

monotonehell wrote:

Will wrote:The probelm with this system is how does one determine when a project goes from 'Approved' to 'On hold'?

Many projects particularlry office projects can remain on the market for quite a few years before a tenat is found and work begins.

Regarding this building, it is too premature to say that it is on hold. No announcement has been made by the developer to that effect. Just because the site is being used as a carpark does not mean the development is on hold. It simply means that it is more economical for the developer to use the land as a carpark rather than having to maintain a derelict building until a tenant is found.

We should only use the term on hold when we have credible evidence that a development is actually on hold; i.e. Hills House or the Masonic Lodge apartments.
Otherwise confusion will reign. For example on this website the project at 102-120 Wakefield Street has the same circumstances as this project yet it is classified as 'SWP'.

If there's no construction ongoing -- then a project is on hold. Simple as that. If construction is waiting for anything -- then a project is on hold. If the site's being used as a carpark -- then it's definitely on hold.

http://www.answers.com/on%20hold

1. In a state of temporary interruption, but not disconnection, during a telephone call, as in While I was on hold, I checked my calendar for when I could schedule a meeting, or They had to put me on hold while they looked up my account. [c. 1960]
2. In a state of postponement or delay, as in When she was transferred, they had to put their romance on hold. This figurative usage is a broadened sense of def. 1. [Colloquial; c. 1970]

Once a project is approved, then it's on hold until site works commence. Then once they're finished, if actual construction doesn't quickly follow -- then it's on hold.