Sensational-Adelaide.com

phenom wrote:Not sure if there's movement afoot here or not but the part of the site facing Gilbert St now has fence banners up 'advertising' asbestos removal.

Jaymz wrote:Yes, according to the sales office, stage 2 should go on sale very soon. Once people actually see a crane on site and construction underway,
it should encourage more interest in the development. Here's hoping that all 3 stages eventually get completed as planned.

langrissa wrote:Drove pass the site today something is definitely happening on Norman & Myers Streets!! Looks like there will be some action & construction soon!!

Jaymz wrote:

langrissa wrote:Drove pass the site today something is definitely happening on Norman & Myers Streets!! Looks like there will be some action & construction soon!!

I drove past there 2 days ago, and it looks the same as it did 2 months ago.

Work has kicked off on the $260 million New Mayfield project in the CBD’s southwest

Giuseppe Tauriello
The Advertiser
February 10, 201512:00AM

DEMOLITION of the former Mayfield engineering factory has kicked off in the city’s southwest, set to make way for one of the CBD’s biggest regeneration projects.

The first stage of the $260 million New Mayfield project will be completed by September next year, closely followed by the second stage which will kick off later this year before completion in 2017.

Together, they will add 257 apartments across two buildings on the site bordered by Sturt, Gilbert, Norman and Myers streets in the city’s southwest.

Sturt Land director David Bertram is developing the project, alongside the directors of local commercial building company Tagara.

Mr Bertram confirmed around 80 per cent of the 108 apartments in the first stage of the three-stage project had been sold off the plan.

“We’re funded for the project, we’re good to go and we’re rolling with stages one and two,” he said.

“The outcome is terrific in terms of what it’s going to do for population density in that area in the southwest.”

“The city is moving - with what’s happening down there now with Vue, with ourselves, and some of the other projects - it’s consolidating the whole precinct into a really desired residential area.”

“From an employment perspective, when we actually have this project through to the middle of stage two we’ll be employing indirectly and directly around 2000 people on the project.”

New Mayfield was approved as the first “catalyst site” under landmark city planning reforms announced in 2012.

Spread across more than 7000sqm, the project comprises three buildings varying in height up to 14 storeys.

Each stage will include space for retail shops - including grocers, cafes and restaurants - while discussions have commenced with gym operators to be part of the first stage building.

The developer has also proposed a narrowing of Sturt St to make way for wider footpaths as well as the installation of bike lanes similar to those on Frome St.

It is seeking financial assistance from the State Government and Adelaide City Council for the public upgrades.

“We’re in the process of rekindling some of that discussion - it took as a little bit of time obviously to get our finance up and our pre-sales away,” Mr Bertram said.

“The project will create a hum in the area - it’s going to bring vibrancy to this sector of the city and if you’re a city dweller that’s what you want.”

“If you're not a city dweller then I suppose you'd be saying to yourself maybe it’s time to buy the house down by the beach.”

The one and two-bedroom apartments each include a car park and range in price starting from around $360,000.

“We’ve pitched ourselves at a particular end of the market which is not pricey by any means but certainly at the quality end and delivering a reasonable sized product into a marketplace that isn’t yet as mature as Sydney and Melbourne where they’re looking for smaller accommodation,” Mr Bertram said.