[COM] Re: Renaissance Arcade | 132m | 40lvls | Realm Apartments
Posted: Thu Nov 02, 2017 3:54 pm
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A screen grab for those of you that are unsure.EBG wrote:The front of the small single story building in Austin St has been saved along with about 1.5 m of the 2 side walls. Picture 4/12/17.
• Construction started in September 2017 and the build will be completed by late 2019 for a cost of $100 million
• More than 85% of Realm Adelaide apartments have sold since its February launch
• Three of four Sub Penthouses have sold, with the South-East Sub Penthouse still available
• Demolition has completed, excavation is expected to be completed by January and the building of the tower will start in March 2018 with eight levels built by mid next year
• Maxcon Construction PTY LTD (Maxcon) was appointed to build on the 1,536 square metre site located at 9-19 Austin Street, Adelaide in September 2017
• Realm Adelaide launched with 314 apartments that ranged in price from $345,000 to $5.5 million for the double story luxury penthouses
• The 100% residential building spans approximately 40,000 square metres and stands 132 metres tall, with 40 levels, making it the city’s tallest residential tower in Adelaide
Construction speeds up on Adelaide’s tallest residential tower
ADELAIDE won’t have to wait as long as expected for its tallest residential building as the developer announced yesterday construction on the 40-storey tower Realm will be completed ahead of schedule.
The $100 million 132m tower, was due to be completed early 2020, however the developer announced yesterday completion is now due late next year.
More than 85 per cent of the complex’s 314 apartments have sold since its February launch, and excavation is expected to be completed by January.
Construction on the 9-19 Austin St tower, right, which is being built by Maxcon Construction, will start in March, and the complex’s eight-storey podium with carpark, swimming pool, gym facilities and a retail space, is expected to be completed by the middle of the year.
Apartments in the complex range from $345,000 to $5.5 million for the two-storey penthouses.
Realm Adelaide sales director Ben Small said the project had been embraced by local buyers.
“The terrific pre-sale rates of more than 85 per cent within a 10-month period must be one of the strongest sale results in this market,” Mr Small said.
“A mix of both owner-occupiers and investors raced to obtain one of the best pieces of real estate in the most desirable location of Adelaide.
Supplied Editorial Fwd: Images for Realm Adelaide - Interior
Images of the REALM project’s amenities on Austin St. Image by Bastion Effect.
“Vue on King William is currently the tallest residential tower built by Maxcon and completed with a total of 205 dwellings. Realm Adelaide sold that number in May – four months into the project.
“This is the last opportunity for purchasers to secure their home in the sky.”
Mr Small said the building was particularly attractive to downsizers looking for a low-maintenance, inner city cosmopolitan lifestyle.
“The one bedroom, one bathroom facing East of the building is a perfect example, with uninterrupted views of Rundle Street, sweeping around to the Adelaide Hills and Adelaide Parklands,” he said.
Maxcon has been working around the clock and by the middle of next year, the 8-storey podium (same height as Adelaide’s rooftop bar and restaurant, 2KW) that contains car parking, retail space, swimming pool and gym facilities will be completed.