Sensational-Adelaide.com

Thanks Ben. Hopefully this is a sign sales are strong rather than just development potential opportunism

Looks like this will be the next project to start.

Type Application Assessed on Merit
Application Number: DA/679/2011/1
Lodgement Date: 14/11/2012
Location: 271-281 Gouger Street, ADELAIDE SA 5000
Description: Demolish existing buildings and construct mixed use building with basement car parking, retail ground floor and residential above - STAGE 1 - DEMOLITION
Applicant Name:


FUTONG INVESTMENT & DEVELOPMENT P/L

It's still eight levels according to the website.

The addition hasn't been approved yet. it's coming up next Thursdays DAC meeting.

The DAC are expected to approve the additional levels at Thursdays meeting.

According to the website for this development, construction is expected to start in April of next year.

Ben wrote:Looks like this will be the next project to start.

Type Application Assessed on Merit
Application Number: DA/679/2011/1
Lodgement Date: 14/11/2012
Location: 271-281 Gouger Street, ADELAIDE SA 5000
Description: Demolish existing buildings and construct mixed use building with basement car parking, retail ground floor and residential above - STAGE 1 - DEMOLITION
Applicant Name:


FUTONG INVESTMENT & DEVELOPMENT P/L

They aren't wasting any time. A fence has been erected around the warehouse currently on site. Demolition should commence soon.

Demolition of the warehouse on site has commenced.

Construction should commence soon

Type: Application Assessed on Merit
Application Number: DA/679/2011/2/A
Lodgement Date: 16/01/2013
Location: 271-281 Gouger Street, ADELAIDE SA 5000
Description: Demolish existing buildings and construct 12 level mixed use building with basement car parking, retail ground floor and residential above - 78 apartments - STAGE 2 - APARTMENTS, RETAIL/COMMERCIAL TENANCIES & BASEMENT CAR-PARK

Piling has commenced.

Lots of site work going on. I would expect to see a crane in May.

Now U/C and over 50% sold.

http://www.realestate.com.au/property-a ... -112900111

if they can get it up on 50% per-commit that is great

I can only assume it is then going to head down the serviced apartments/student accommodation model on completion if they can't sell?

Hopefully when people can see what they are getting then they fully sell out, complete mid/high rise apartment that sells out would be a breath of fresh air.

edit - can't complain with 1 bedroom apartment for $290k and it is 72m2 (inc balcony)

Construction started within 10 months of proposal. Now that is impressive!