Re: [] CBD Development: Low/Mid-Rise
Posted: Mon Dec 08, 2008 10:26 am
North Adelaide development approved
http://www.news.com.au/adelaidenow/stor ... 82,00.html
HANNAH SILVERMAN
December 08, 2008 12:01am
A MULTIMILLION-dollar development will advance North Adelaide as the state's hottest residential address.
Approved by Adelaide City Council, the exclusive development, bounded by MacKinnon Parade and Finniss St, consists of 17 multimillion-dollar homes valued at more than $35 million.
Work, due to start early next year, will involve the demolition of the former University of Adelaide gym site, sold to developers Marl SA for $10.2 million last year.
Marl SA director Luke Foster said the luxury development would generate interest from overseas and would command attention from "the most discerning audience".
"The development will change the face of North Adelaide and is arguably the most exclusive land holding to be released in the city fringe," he said.
He said the site was always an area of "massive interest" given the expansive parkland frontage and views of the Adelaide skyline.
Marl SA will build eight executive terrace residences on Finniss St, four mansions and a three-storey apartment building with five homes on MacKinnon Parade.
North Adelaide Society chairman Ed Briedis said the society welcomed the development approval but objected to the three-storey building, which they said was a breach the development plan of the City of Adelaide.
"Our concern was that part of, not the entire project, exceeds the height limit. The (City of Adelaide) plan allows two storeys and we were saying go ahead with the project but just get rid of the top."
However he said the development would be well received by the public.
"Anyone who can find themselves with parkland frontage will be in a nice part of adelaide. I think it improves that perception but don't forget that anything is better than a disused gym."
Lord Mayor Michael Harbison said council permitted the development to proceed with three-storeys because that building was set back from the street.
"The concerns in North Adelaide are about height but what was planed was appropriate since any extra height was set well back," he said.
"The rules are not as black and white as that and where extra height is, it's set back from the street which is generally acceptable by the plan."
Mr Harbison said council was pleased to see the development finally go ahead after it was initially raised about a year ago.
He said the development would add to the prestige of the city.
"North Adelaide is seen as a very desirable address and there are still many people who are looking for homes there."
"It will be great for those people who are lucky enough to live there."