[COM]
Posted: Wed Dec 28, 2005 2:46 pm
From the Advertiser today:
Apartment tower over Tivoli
By LOUISE TRECCASI
28dec05
A CITY apartment complex that will extend 30m into the air is on the market.
The 10-storey Tivoli Tower project will be built over the existing two-storey heritage-listed Tivoli Hotel at 261 Pirie St.
Work on the project has started and will feature 18 apartments, six penthouse skyhomes and two levels of car parking.
The six penthouse skyhomes extend over three levels and are being sold by Bruse Real Estate. The price range is $1.35 million to $1.55 million.
The hotel, which is undergoing a refurbishment, will also include 10 short-term accommodation suites. The development, approved by Adelaide City Council last year, is being carried out by Pascot Property Developers.
Project manager Andrew Foti said the complex would "offer spectacular views across the city, parklands and Hills".
"Its close proximity to Rundle and Hutt streets make it a unique place to live and it offers a luxury lifestyle," he said.
Bruse Real Estate owner Bevan Bruse said Tivoli Tower was a "fantastic real estate opportunity".
"We are offering six of the best three-level penthouses that have probably ever been offered in Adelaide with their own car park lift," he said. "These are a rare find."
The project is due for completion in mid-2007. The hotel, built in the 1850s, was used for live music in the 1990s. It will be restored and include upmarket dining and gaming facilities.