[COM] Re: Festival Plaza Redevelopment | $800 million
Posted: Mon May 06, 2019 7:26 pm
Isn't it just the underground carpark for now?
Adelaide's Premier Development and Construction Site
https://mail.sensational-adelaide.com/forum/
https://mail.sensational-adelaide.com/forum/viewtopic.php?t=5162
5 level underground car park right next to the Torrens, let’s hope spray on concrete is not the answer.how good is he wrote:Yes just the carpark for now & yes I agree it’s going to be slow. They still have to dig out the whole 5 levels underground plus winter/rain to come.. see article below.
One of the largest earthworks contracts in South Australia’s construction history has been awarded as a key Riverbank project continues to gather pace.
Walker Corporation has handed a $30 million contract to national civil contractor Delta Group for its $500 million development at Festival plaza, which will deliver arts upgrades, a new carpark and office tower as part of the project now known as Festival Square.
A new 1600-space, five-level underground carpark will be the focus of the contract — which has resulted in Delta opening an office and yard in Adelaide off the back of being awarded it.
As part of the contract, Delta will move an estimated 130,000m3 of material from the site in a 14-month program, drilling 15m into the ground.
Walker Corporation South Australia Senior Development Manager Ben Moore said this would get the site ready for the construction of the carpark this year.
“We only started work in May of last year when we were formally provided access to the site, so it’s been a very busy work schedule since then,” he said.
“The demolition and excavation process is literally huge, it’s creating an enormous space that is starting to give a sense of the scale of the development.
No, part of the state's agreement with Walker Corp was that we'd spend $180 million on the plaza's (and Station Rd) public realm with only a $40 million contribution from Walker Corp. IIRC, that's in addition to the state's $90 million repairs and upgrade to the Festival Centre, northern promenade and new railway station plaza/casino entrance. It always seemed like a dud deal to me, because although Walker Corp is contributing $40 million to the public realm and paying for the carpark, they still got grade-A free land for a 27 storey tower (which is more than double the height of what was initially permitted). For the privilege they should've been fully paying for the plaza.
Cheers
Festival Plaza Work Site in Adelaide, Wednesday, August 7, 2019. (AAP Image/ Morgan Sette)
Developer Lang Walker and State Government showdown over Festival Plaza site
Paul Starick, Chief Reporter, Sunday Mail (SA)
August 10, 2019 10:00pm
Billionaire developer Lang Walker and State Government are at loggerheads over his push for a second office tower in the $600 million Festival Plaza development, which critics warn would wreck the cityscape and suffocate the public square.
The Sunday Mail has been told Walker Corporation is insisting on the second tower at the prime site, between Parliament House and the Festival Centre, despite the Government’s firm opposition.
It is understood Walker is arguing a second tower would place significantly more people in the precinct, creating more vibrancy and economic activity.
Excavation work is advanced for a 1560-space carpark, due to be completed in time for the neighbouring Adelaide Casino’s $330 million expansion opening in October next year.
But there is significant concern that construction work for a 23-storey office tower and three-level entertainment/retail complex, approved in 2016, will disrupt the precinct and carpark access.
The Casino will lease 750 car park spaces, that are critical to its expansion’s success, while the Government will lease 400 for $30 million.
The Sunday Mail put a series of questions to Walker Corp and Planning Minister Stephan Knoll, including about the second tower and whether the car park would be fully operational during construction.
Mr Knoll, who in April confirmed the revision of Festival Plaza plans approved under the previous Labor government, said only that the Government was “currently in the process of negotiating the finishing touches on the Festival Plaza arrangement”.
“We need to strike the right balance and ensure that the South Australian public get the best bang for the buck out of what will become one of the premier public precincts in the CBD,” he said.
The Advertiser in April revealed the Government had rejected plans for a second office tower and a hotel on the Plaza’s eastern edge, fronting King William Rd and just to the north of Parliament House.
It is understood Walker Corporation is continuing to insist on the second tower and stretch development as much as possible across the precinct, but it is not known whether it still wants to build the hotel.
This risks a repeat of a 2014 legal battle when Mr Walker overcame Labor government opposition to building the lone office tower in the area between the Hajek Plaza, north of Parliament House, and the Casino.
That dispute centred on whether Mr Walker, who in late 2012 won exclusive rights to develop the car park and Riverbank precinct, still had the legal right to build the office tower.
It is understood the Liberal government considers Festival Plaza as a linchpin for future city development, because it is at the heart of the city, between Adelaide Oval, Lot Fourteen and the medical precinct.
Like Lot Fourteen, the former Royal Adelaide Hospital site, it is intended to use Festival Plaza as a crucible of future industries, like space, defence and machine learning.
Asked about the revised plans in April, a Walker Corporation spokesman said this had been about “creating a world-class public space that remains flexible, functional, vibrant and active for many years to come.
“We would expect that these final agreed designs will provide the state with the opportunity to improve many of the functional and design criticisms arising from the stakeholder reviews of the Plaza’s inferior and more expensive concept instigated under the previous government.”