[U/C] Re: 36 Grote Street | 123m | 35 levels | apartments
Posted: Thu Feb 09, 2023 7:36 am
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Victoria Tower - 36 Grote Street | 122.5m | 37 levels | apartments
https://mail.sensational-adelaide.com/forum/viewtopic.php?t=7145
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[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Mon Feb 13, 2023 7:51 pm
Some demolition on this today
[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Tue Feb 14, 2023 12:58 pm
Just to let you know that this site will come to a pause after demolition awaiting pre sales to increase. Anticipated to be 4-5 months.
[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Tue Feb 14, 2023 1:10 pm
Oh great, so it will sit dormant just like the place across the road 
[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Tue Feb 14, 2023 1:34 pm
[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Wed Feb 15, 2023 8:22 am
There are some serious problems in the Australian construction industry right now which are delaying the start of construction for many new builds. Rising labour and material costs combined with labour shortages are driving up the build costs and drawing out many project timeframes.
It would not surprise me if those factors are also affecting this project and the Central Market redevelopment across the road.
It would not surprise me if those factors are also affecting this project and the Central Market redevelopment across the road.
[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Thu Feb 16, 2023 10:00 am
Source?
It is a real concern for the current generation of projects which did their pre-sales in the pre-inflation environment. Their pre-sale prices would have been based on recovering their costs at the time of sale, but now their costs are so much higher, and presumably there will be a shortfall, unless they built in big margins.AG wrote: ↑Wed Feb 15, 2023 8:22 amThere are some serious problems in the Australian construction industry right now which are delaying the start of construction for many new builds. Rising labour and material costs combined with labour shortages are driving up the build costs and drawing out many project timeframes.
It would not surprise me if those factors are also affecting this project and the Central Market redevelopment across the road.
[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Fri Feb 17, 2023 1:56 pm
[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Sat Feb 25, 2023 1:59 pm
Drove past today and all that is left of the buildings are a pile of bricks.
Such a pity the site will lie dormant now - I am always uneasy when buildings are demolished and the work stops - if the project falls over, there is yet another ugly vacant block, like we have in Hutt Street, Gouger Street, New Mayfield etc etc
Such a pity the site will lie dormant now - I am always uneasy when buildings are demolished and the work stops - if the project falls over, there is yet another ugly vacant block, like we have in Hutt Street, Gouger Street, New Mayfield etc etc
[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Sat Mar 04, 2023 5:10 pm
From today
I guess we now wait.
I guess we now wait.
[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Thu Mar 09, 2023 4:01 pm
This tower's penthouse, "Victoria Tower Penthouse" is now the most expensive property on the market in South Australia, asking $6,100,000 AUD
[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Thu Mar 09, 2023 10:47 pm
Close... actually not even close. The penthouse in the Market Square development was going for an asking price of $10 million. By far the most expensive in Adelaide ever.VinyTapestry849 wrote: ↑Thu Mar 09, 2023 4:01 pmThis tower's penthouse, "Victoria Tower Penthouse" is now the most expensive property on the market in South Australia, asking $6,100,000 AUD
[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Fri Mar 10, 2023 8:45 am
Then theres Sydney and melbourne selling houses for 60 million, we're so smallJaymz wrote: ↑Thu Mar 09, 2023 10:47 pmClose... actually not even close. The penthouse in the Market Square development was going for an asking price of $10 million. By far the most expensive in Adelaide ever.VinyTapestry849 wrote: ↑Thu Mar 09, 2023 4:01 pmThis tower's penthouse, "Victoria Tower Penthouse" is now the most expensive property on the market in South Australia, asking $6,100,000 AUD
[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Thu Mar 16, 2023 11:12 am
All quiet on the western front...
The demolition is pretty well completed - as mentioned earlier, looks like this site will stay dormant like this for a while.
The demolition is pretty well completed - as mentioned earlier, looks like this site will stay dormant like this for a while.
[U/C] Re: Victoria Tower - 36 Grote Street | 123m | 35 levels | apartments
Posted: Thu Mar 16, 2023 6:54 pm
I imagine if the developer were cheeky enough to apply to convert to carparking the council would have a hard time refusing given the noise the market traders would make. Still, it ought be refused due to the awful precedent it'd set for the central city.