[PRO] 1-8 North Terrace | ~120m | 32 Levels | Mixed Use

[Norman]

And right there in this article is my reason for being somewhat skeptical of the quality of the final product... $72m price tag for two 108m buildings.

There's good odds it'll turn out cheap looking.
Advertiser price tag aside, its a prime location and entry to the city. If anything actually gets built this time. I wouldn't be surprised if there's another 2 or 3 proposals in the coming years before an unimaginative stumpy square box is built.

Probably closer to the mark
Only an overseas consortium will build anything of AAA quality here

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I disagree. Realm turned out great, and that was an Australian investor. The same goes with the Central Market Arcade.

[Nort]

That cost seems a little low, but there's no context for where the cost comes from and this is really just one tower that splits into two sections. Despite being "two towers" it seems like it would have a lower floor area than something like the new Sofitel.

[citywatcher]

There's good odds it'll turn out cheap looking.
Advertiser price tag aside, its a prime location and entry to the city. If anything actually gets built this time. I wouldn't be surprised if there's another 2 or 3 proposals in the coming years before an unimaginative stumpy square box is built.

Probably closer to the mark
Only an overseas consortium will build anything of AAA quality here

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I disagree. Realm turned out great, and that was an Australian investor. The same goes with the Central Market Arcade.

Yeah but Realm didn't cost $36m and Central Arcade not built yet to judge
By AAA I mean Barrangaroo type world class quality although yes , Realm is very good.

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[Nort]

Obviously it's a few years now since Realm was announced, but wasn't that announced as a $100 million build? Doesn't seem terrible for a tower 3/4 of its height to have 3/4 of the cost if so.

[rev]

There's good odds it'll turn out cheap looking.
Advertiser price tag aside, its a prime location and entry to the city. If anything actually gets built this time. I wouldn't be surprised if there's another 2 or 3 proposals in the coming years before an unimaginative stumpy square box is built.

Probably closer to the mark
Only an overseas consortium will build anything of AAA quality here

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I disagree. Realm turned out great, and that was an Australian investor. The same goes with the Central Market Arcade.

Realm looks nice. But let's be honest, that's by Adelaide standards and there isn't much else to compare it to here.
We're starved of quality tower designs. Globally it wouldn't really stand out as much as it does here.

[Nort]

Probably closer to the mark
Only an overseas consortium will build anything of AAA quality here

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I disagree. Realm turned out great, and that was an Australian investor. The same goes with the Central Market Arcade.

Realm looks nice. But let's be honest, that's by Adelaide standards and there isn't much else to compare it to here.
We're starved of quality tower designs. Globally it wouldn't really stand out as much as it does here.

Yeah but theres plenty of people in Adelaide who are proud of their out of date views on things.

[Ben]

This was approved. Massive step towards taller buildings across the cbd.

[Jaymz]

This was approved. Massive step towards taller buildings across the cbd.

Maybe approved, but we've seen hundreds of things approved on this forum that never got built. How confident are you of this one going ahead?

[Llessur2002]

I think it's more the approval that's important here - as this proves the current height limits based on air traffic are not set in stone.

[cmet]

Obviously it's a few years now since Realm was announced, but wasn't that announced as a $100 million build? Doesn't seem terrible for a tower 3/4 of its height to have 3/4 of the cost if so.

Final price for Realm was touching 150m

[citywatcher]

Obviously it's a few years now since Realm was announced, but wasn't that announced as a $100 million build? Doesn't seem terrible for a tower 3/4 of its height to have 3/4 of the cost if so.

Final price for Realm was touching 150m

Pretty stupid to think that because it's three quarters the height it should be three quarters the cost. How tall should the new RAH be then?

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[Norman]

Maybe someone can correct me on this, but I recall that the planning fees for a development application correspond to the value of the development. This might explain why developers always try to quote the lowest price possible, even if it doesn't correspond to the actual cost of building the development.

[[Shuz]]

Correct, however it is a bit obvious it is a flawed system.

It should correspond to the size of the size of the development so something like the gross floor area of the proposal.

I'm just pulling figures out of thin air for arguments sake, so hypothetically something like $10 per square metre for a 30,000sqm development would equate to $300,000 in planning assessment fees.

[Nort]

Obviously it's a few years now since Realm was announced, but wasn't that announced as a $100 million build? Doesn't seem terrible for a tower 3/4 of its height to have 3/4 of the cost if so.

Final price for Realm was touching 150m

Pretty stupid to think that because it's three quarters the height it should be three quarters the cost. How tall should the new RAH be then?

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For a rough ballpark comparison for two buildings where the floors are regular and repeat most elements it seems a lot less stupid than trying to compare a residential/hotel tower to a state of the art medical facility but you do you.

[citywatcher]

Final price for Realm was touching 150m

Pretty stupid to think that because it's three quarters the height it should be three quarters the cost. How tall should the new RAH be then?

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For a rough ballpark comparison for two buildings where the floors are regular and repeat most elements it seems a lot less stupid than trying to compare a residential/hotel tower to a state of the art medical facility but you do you.

No but the fittings and finishes are the ultimate determinant
And we were comparing two projects of primarily the same purpose
So dumb

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