Adelaide's Premier Development and Construction Site
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Plasmatron wrote: ↑Sun Apr 09, 2023 2:30 pmI just stumbled across this video on YouTube - potential new development brewing at 195 North Terrace?
gnrc_louis wrote: ↑Wed Apr 12, 2023 6:03 pmCan someone please post this: https://www.adelaidenow.com.au/subscrib ... our=append
Massive Adelaide development site attracts million-dollar interest
The Advertiser can reveal a massive CBD land area has attracted offers in the tens of millions of dollars from developers.
Miles Kemp
Follow
@bykemp
2 min read
April 12, 2023 - 6:00PM
Adelaide’s biggest CBD development has begun with the council selecting a $30m deal as the preferred tender at a secret meeting on Tuesday night.
The Advertiser can reveal the massive land area west of the Franklin St interstate bus terminal was the subject of multiple offers from interested developers for a tower development.
At 6,800 square metres the footprint will be more than 12 times the size of the average 541 square metre suburban block in greater Adelaide.
It is close to the size of the former Le Cornu site in North Adelaide, which is approved for three towers with a total of 33 storeys.
After ejecting the public from the council meeting on Tuesday night, councillors selected the tenderer for what will become a major housing project and decided on a series of extra benefits it hopes to extract for ratepayers from the developers.
It is the first time the council has put a price on the 111-129 Franklin Street property, with $30m being the starting point for talks.
The previous council had not set any strong conditions benefiting ratepayers on development, but the new green/left dominated body is likely to want more.
Adelaide Central Market chair and CBD development pioneer Theo Maras said the site was a “golden opportunity” for Adelaide because if its size and location.
“This will be a people’s place of remarkable size and it is gold,’’ he said.
“It will be a social environment of huge power and influence in that area of the city.
“We are short of people in every area of employment, and that is in part because what is the point of taking up a job (in the city) if you have nowhere to live.
“Residential development is very very much needed. There is a total shortage of every level of housing from social, key worker, affordable, and high standard housing.”
The preferred tenderer remains secret to protect commercial-in-confidence considerations, but the deal is being co-ordinated by JLL Adelaide.
Plans to do something with the mainly disused site date back to 1991 when discussions to move the dated bus terminal began.
The Advertiser revealed last month Lord Mayor Jane Lomax-Smith was pushing an agenda for low-cost housing solutions on council owned land.
The sale will fuel debate within council about a possible significant rates increase.
Revenue has been increased in recent years only by property value increases and growth.
Since the November 2022 election the council has been dominated by green/left councillors, with few of the former economically conservative Team Adelaide members remaining.
The Advertiser understands the latter will use the around $30 million bus depot sale as an argument for smaller rate rises.
I can think of another reason why this is the case, but developers can blame it on not having enough people here all they wantJaymz wrote: ↑Wed Apr 12, 2023 6:15 pmgnrc_louis wrote: ↑Wed Apr 12, 2023 6:03 pmCan someone please post this: https://www.adelaidenow.com.au/subscrib ... our=append
Here you go, without pictures but the site is the old bus terminal along with the entire car parking area to the south and east......
Massive Adelaide development site attracts million-dollar interest
The Advertiser can reveal a massive CBD land area has attracted offers in the tens of millions of dollars from developers.
Miles Kemp
Follow
@bykemp
2 min read
April 12, 2023 - 6:00PM
Adelaide’s biggest CBD development has begun with the council selecting a $30m deal as the preferred tender at a secret meeting on Tuesday night.
The Advertiser can reveal the massive land area west of the Franklin St interstate bus terminal was the subject of multiple offers from interested developers for a tower development.
At 6,800 square metres the footprint will be more than 12 times the size of the average 541 square metre suburban block in greater Adelaide.
It is close to the size of the former Le Cornu site in North Adelaide, which is approved for three towers with a total of 33 storeys.
After ejecting the public from the council meeting on Tuesday night, councillors selected the tenderer for what will become a major housing project and decided on a series of extra benefits it hopes to extract for ratepayers from the developers.
It is the first time the council has put a price on the 111-129 Franklin Street property, with $30m being the starting point for talks.
The previous council had not set any strong conditions benefiting ratepayers on development, but the new green/left dominated body is likely to want more.
Adelaide Central Market chair and CBD development pioneer Theo Maras said the site was a “golden opportunity” for Adelaide because if its size and location.
“This will be a people’s place of remarkable size and it is gold,’’ he said.
“It will be a social environment of huge power and influence in that area of the city.
“We are short of people in every area of employment, and that is in part because what is the point of taking up a job (in the city) if you have nowhere to live.
“Residential development is very very much needed. There is a total shortage of every level of housing from social, key worker, affordable, and high standard housing.”
The preferred tenderer remains secret to protect commercial-in-confidence considerations, but the deal is being co-ordinated by JLL Adelaide.
Plans to do something with the mainly disused site date back to 1991 when discussions to move the dated bus terminal began.
The Advertiser revealed last month Lord Mayor Jane Lomax-Smith was pushing an agenda for low-cost housing solutions on council owned land.
The sale will fuel debate within council about a possible significant rates increase.
Revenue has been increased in recent years only by property value increases and growth.
Since the November 2022 election the council has been dominated by green/left councillors, with few of the former economically conservative Team Adelaide members remaining.
The Advertiser understands the latter will use the around $30 million bus depot sale as an argument for smaller rate rises.
I hadn't heard about the Lord Mayor's affordable housing agenda, but it's good to hear. Council shouldn't be deploying its limited funds toward developments with 2-bedroom apartments costing over $1.2 million like it has at 88 O'Connell.The Advertiser revealed last month Lord Mayor Jane Lomax-Smith was pushing an agenda for low-cost housing solutions on council owned land.
The sale will fuel debate within council about a possible significant rates increase.
Revenue has been increased in recent years only by property value increases and growth.
Since the November 2022 election the council has been dominated by green/left councillors, with few of the former economically conservative Team Adelaide members remaining.
The Advertiser understands the latter will use the around $30 million bus depot sale as an argument for smaller rate rises.
From today:Patrick_27 wrote:Glad to see 1 KWS is getting another makeover, the last attempt was foul. I know the consensus on here was that the cladding necessary due to the deterioration of the original facade, but I almost believe it’s a worthwhile investment for those who own the building to consider a heritage restoration. This building has a lot of history and is certainly a product of its time, architecturally speaking.Pikey wrote: ↑Fri Mar 24, 2023 9:41 amLooks like a couple of significant re-cladding jobs are about to commence.
1 King William Street.
https://hindmarsh.com.au/project/1-king ... ecladding/
You seem to be pretty bothered but it....Have you rang the council, police, government, owners?abc wrote: ↑Thu Apr 20, 2023 12:42 pmwho would be the relevant authority to report this disgrace to?
with the development seemingly suspended indefinitely, we have the existing building being inhabited by destructive squatters who are also vandalising the neighbouring building
no one, not the police, not the council, not the state government nor the owner of either of these properties seems to be doing anything about it
how hard is it to employ some security for this site?
I'm asking who the relevant authority isrev wrote: ↑Thu Apr 20, 2023 1:20 pmYou seem to be pretty bothered but it....Have you rang the council, police, government, owners?abc wrote: ↑Thu Apr 20, 2023 12:42 pmwho would be the relevant authority to report this disgrace to?
with the development seemingly suspended indefinitely, we have the existing building being inhabited by destructive squatters who are also vandalising the neighbouring building
no one, not the police, not the council, not the state government nor the owner of either of these properties seems to be doing anything about it
how hard is it to employ some security for this site?
What do you mean by relevant authority?abc wrote: ↑Thu Apr 20, 2023 1:36 pmI'm asking who the relevant authority isrev wrote: ↑Thu Apr 20, 2023 1:20 pmYou seem to be pretty bothered but it....Have you rang the council, police, government, owners?abc wrote: ↑Thu Apr 20, 2023 12:42 pmwho would be the relevant authority to report this disgrace to?
with the development seemingly suspended indefinitely, we have the existing building being inhabited by destructive squatters who are also vandalising the neighbouring building
no one, not the police, not the council, not the state government nor the owner of either of these properties seems to be doing anything about it
how hard is it to employ some security for this site?
the council have a form system and none of the channels they direct you to are appropriate as they only care about council property
You're essentially complaining about the state private property is in. Unless there's a council by law or something regarding graffiti, take it up with the owner of said private property.abc wrote: ↑Thu Apr 20, 2023 1:36 pmI'm asking who the relevant authority isrev wrote: ↑Thu Apr 20, 2023 1:20 pmYou seem to be pretty bothered but it....Have you rang the council, police, government, owners?abc wrote: ↑Thu Apr 20, 2023 12:42 pmwho would be the relevant authority to report this disgrace to?
with the development seemingly suspended indefinitely, we have the existing building being inhabited by destructive squatters who are also vandalising the neighbouring building
no one, not the police, not the council, not the state government nor the owner of either of these properties seems to be doing anything about it
how hard is it to employ some security for this site?
the council have a form system and none of the channels they direct you to are appropriate as they only care about council property
