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Re: News & Developments: Port Adelaide
Posted: Tue Sep 12, 2023 2:51 pm
by baytram366
Just heard from a friend that the building firm linked to Fletchers Slip has gone under. Can anyone shed any further light on this and what it means for The Port?
Re: News & Developments: Port Adelaide
Posted: Tue Sep 12, 2023 3:21 pm
by ChillyPhilly
baytram366 wrote: ↑Tue Sep 12, 2023 2:51 pm
Just heard from a friend that the building firm linked to Fletchers Slip has gone under. Can anyone shed any further light on this and what it means for The Port?
Just heard over $4m owed to creditors. Yikes.
Re: News & Developments: Port Adelaide
Posted: Wed Sep 13, 2023 2:35 am
by SRW
ChillyPhilly wrote: ↑Tue Sep 12, 2023 3:21 pm
baytram366 wrote: ↑Tue Sep 12, 2023 2:51 pm
Just heard from a friend that the building firm linked to Fletchers Slip has gone under. Can anyone shed any further light on this and what it means for The Port?
Just heard over $4m owed to creditors. Yikes.
Apparently also working on Dock One and projects in Lightsview, Underdale and Torrens Park:
https://www.abc.net.au/news/2023-09-12/ ... /102845102
Re: News & Developments: Port Adelaide
Posted: Thu Sep 14, 2023 12:29 am
by Mpol02
In Łódź, Poland and what they’ve done with their old fabric factories is brilliant, would be great if they turned these old warehouses into the port into something of the same vein. They have been restored beautifully.
Re: News & Developments: Port Adelaide
Posted: Thu Sep 14, 2023 2:10 pm
by Allkai
ChillyPhilly wrote: ↑Tue Sep 12, 2023 3:21 pm
baytram366 wrote: ↑Tue Sep 12, 2023 2:51 pm
Just heard from a friend that the building firm linked to Fletchers Slip has gone under. Can anyone shed any further light on this and what it means for The Port?
Just heard over $4m owed to creditors. Yikes.
The final number will end up much more than this, if they had $110M work on the books.
Re: News & Developments: Port Adelaide
Posted: Thu Sep 14, 2023 2:11 pm
by ChillyPhilly
It's almost like building housing estates from scratch is not economically viable at the moment...
Re: News & Developments: Port Adelaide
Posted: Thu Sep 14, 2023 3:14 pm
by Nathan
ChillyPhilly wrote: ↑Thu Sep 14, 2023 2:11 pm
It's almost like building housing estates from scratch is not economically viable at the moment...
Which puts further validity into RenewalSA "suddenly" stepping in on the West End site.
Re: News & Developments: Port Adelaide
Posted: Thu Sep 14, 2023 7:21 pm
by rev
ChillyPhilly wrote: ↑Thu Sep 14, 2023 2:11 pm
It's almost like building housing estates from scratch is not economically viable at the moment...
If that were the case they'd all be collapsing.
Re: News & Developments: Port Adelaide
Posted: Thu Sep 14, 2023 10:47 pm
by SBD
Nathan wrote: ↑Thu Sep 14, 2023 3:14 pm
ChillyPhilly wrote: ↑Thu Sep 14, 2023 2:11 pm
It's almost like building housing estates from scratch is not economically viable at the moment...
Which puts further validity into RenewalSA "suddenly" stepping in on the West End site.
So we put the State on the hook for propping up unviable development instead of addressing the problem of making it viable to develop a new housing estate.
Presumably the problem is that more demands are being put on developers (larger intersections and access roads, bigger flood mitigations, underground power, water, gas (despite it being likely phased out), recycled water, sewer) and then capping the profits by demanding higher proportions of "affordable housing" and the market requiring fixed-price construction despite delays and inflation.
Re: News & Developments: Port Adelaide
Posted: Wed Sep 20, 2023 10:53 pm
by Norman
I doubt it's the new demands. Builders today still struggle for labour to build the houses, which is not helping their books after the huge lack of materials experienced over the last 3 years. It will take a while for the industry to get back to somewhat normal conditions.
Re: News & Developments: Port Adelaide
Posted: Thu Sep 21, 2023 10:26 am
by eKwatee
Also the increases in creating new titles, the increase costs associated with the new building code, and also the increase construction costs for 7 star energy rating for new builds. The government hates affordable housing.
Re: News & Developments: Port Adelaide
Posted: Thu Sep 21, 2023 1:41 pm
by rev
Perhaps the issue isn't so much all these factors mentioned, but the determining factor is how some of these businesses that have gone under have been operated.
How is it that some are able to absorb these shocks, but some have fallen over? Generally that's a sign that those that have fallen over have been managed poorly.
Re: News & Developments: Port Adelaide
Posted: Fri Sep 22, 2023 11:38 am
by Tommo
rev wrote: ↑Thu Sep 21, 2023 1:41 pm
Generally that's a sign that those that have fallen over have been managed poorly.
Perhaps the other way around, the shoddy builders are surviving because they're taking shortcuts. I know a few tradies in the building industry that have lost their jobs recently because their work was of too high quality, the argument being if they did a worse job they'd be able to complete more jobs in the same amount of time, their workmanship was costing the company money. Sounds odd but looks like it costs them less dealing with complaints and rework than doing it right the first time.
Re: News & Developments: Port Adelaide
Posted: Thu Oct 12, 2023 4:57 pm
by I Follow PAFC
Look like Metricon is now doing Fletcher's Slip. Not sure if all or some but got a sign up.
Re: News & Developments: Port Adelaide
Posted: Sun Feb 04, 2024 12:16 am
by PeFe
Construction work commenced on the Colac Hotel renovation plus new apartments next door
From Glam Adelaide
Construction underway to breathe new life into historic Colac Hotel in Port Adelaide
Construction works have commenced to revive the iconic Colac Hotel in Port Adelaide. Dating back to its grand opening in 1885, the Colac Hotel has been a local establishment in the area for decades.
Closed since 2011, the Colac Hotel’s revival is part of a significant development project that includes the construction of a multi-level apartment block. It’s set to maintain its original name (The Colac) and keep its old-world charm (in the front) while receiving much-needed modern upgrades and facilities.
The historic Colac Hotel was originally built between 1883 and 1885, serving as a favoured gathering spot for hardworking wharfies in its heyday. The pub was also owned by the Labor Party from the early 70`s up to when it closed its doors in 2011. For over a decade, it has remained vacant, waiting for the rejuvenation it deserves.
Although the project had faced extensive delays, Dock One posted on Facebook in August last year sparking fresh hope for the Colac Hotel’s revival. The Facebook post stated, “Reviving history with a modern twist! Works are currently underway for the Colac Hotel, transforming it from its 1885 roots into a 2024 gem. Stay tuned!”
Dock One, encompassing Dock One Stages 1 & 2, is one aspect of transforming Port Adelaide into a thriving hub. Architecturally designed homes are going up inspired by local history, art and culture, offering residents a unique lifestyle opportunity. With waterfront and park-facing options, Dock One brings together green surroundings and the blue of Port Adelaide’s waters.
Dock One promises a bright future with private and government investments in jobs and infrastructure already in motion.
Development Features Include:
750 townhouses and apartments
Retro boutique hotel with 160 rooms, including a rooftop bar
Conference facilities
Open-air cinema
Restaurant bistro
Promenade reserves and park links
23,500m² of green open space
10 floating hotel suites
Floating bar
Pedestrian bridge
As construction progresses on the Colac Hotel and the Dock One development, it’s set to join a flurry of more developments in the area.
https://glamadelaide.com.au/constructio ... -adelaide/