[COM] 374-400 King William Street | 47m | 11lvls | Office

[Will]

Construction should commence soon:

Application from yesterday:

DA/161/2006/1
10/01/2008
Application Assessed on Merit
construct a 11 level building for office and retail use - Stage 1 - Substructure
Repco Development Site, 374-400 King William Street, ADELAIDE SA 5000

Thanks Ben for the news. It is interesting to note that the development application mentions 11 levels. It appears that 1 extra level has been added, as this proposal was approved at 10 levels and 40m. I suspect that if 1 extra level has been added, the building may now be 44m.

Additionally, as far as I am aware no tenant has been secured for this proposal. This is a very strong vote of confidence in Adelaide, that the developer is willing to commence construction in a speculative manner on a building offering more than 20 000 sqm2 of office space!

[Ben]

Just looking back at the renders. This building would have to have 2 tower cranes because of the length.

[Ho Really]

...Additionally, as far as I am aware no tenant has been secured for this proposal. This is a very strong vote of confidence in Adelaide, that the developer is willing to commence construction in a speculative manner on a building offering more than 20 000 sqm2 of office space!

Maybe Theo Samaras is spurred on by the other developments in the area (Edge, Wave, Hills, etc.), but I think he's more of a risk taker than some others.

Cheers

[UrbanSG]

Considering Kyren Pty Ltd's other recent development (Coglin) is basically being built specutively I would say this one is a similar situation. Anyway great news to see this one is going into the construction phase soon.

[UrbanSG]

From today's adelaidenow:

High-rise child care
MICHAEL OWEN POLITICAL REPORTER
January 13, 2008 10:30pm

A CHILDCARE centre for the first time is to be developed in a major city centre high-rise office tower.

Developers of the $100 million building at 400 King William St say the risky commercial move is aimed at tackling the childcare crisis and designed to tap into growing concerns among workers about improving work-life balance.

The concept has support from Education and City of Adelaide Minister Jane Lomax-Smith.

The Government has included work-life balance targets in the state's strategic plan and also established the Work-Life Balance select committee, chaired by parliamentary secretary Grace Portolesi, to examine the issue.

Yet, despite plans by building owners and major companies over the past decade to include childcare centres in city office buildings, none has been completed because of the lack of financial returns.

Government licensing issues and council red tape also have been obstacles.

In October, 2006, a $1 million childcare centre for the Santos complex in the city was flagged by building manager Knight Frank, but was abandoned.

Advertiser Newspapers Limited has called for registrations of interest in creating a childcare centre.

The company behind the latest bid to incorporate a childcare centre into a city office building says its development is going ahead.

Kyren Group managing director Theo Samaras said the new 11-storey office tower is to be built at the corner of King William and Gilles streets, and is due to open late next year.

Mr Samaras has teamed up with Stepping Stone (SA) Childcare and Early Development Centres, which will offer 150 places in the new centre.

Stepping Stone director George Skrembos said the project was "very exciting".

Mr Skrembos said the childcare centre was leasing about 2000sq m of office space, half of which will be "secure, outdoor, open space" made possible by a special design on level four of the building. He said "in-principle" agreement had been given by the Government, although a licence was yet to be granted.

The centre will have about 30 staff, with places available to the general public, 6.30am-6.30pm. Fees are yet to be set.

The centre needs Adelaide City Council approval.

Central childcare options for city workers would give parents more flexibility and allow breastfeeding mothers to visit during the day, Nat Tozer, 31, from St Marys, said.

The Telstra worker said she thought it was a "brilliant" idea to include a childcare centre in the new high-rise office tower on King William St.

Her son Josh, 3, goes to childcare close to home in Clovelly Park four days a week.

[Howie]

They had a render in that article too.. might go down and grab the paper at lunch.

[Ben]

Lots of action on site today. Will try and get some pics.

[Shuz]

Has a new DA been lodged regarding the 1 level height increase yet?

[Ben]

Has a new DA been lodged regarding the 1 level height increase yet?

The original application was for 11 levels. I'd say it always was 11 levels but the press release was misunderstood as their is 10 levels of offices and 1 of retail equalling 11 levels...

The current application before the ACC is to commence the construction on a 11 level building so that is what needs to be approved now.

[UrbanSG]

Large piling drill on-site today and excavation works continuing. Good to see some decent action on this site. Can't wait to start seeing this one go up, it is a bloody big building in terms of length and particularly for the southern end of town.

[Pikey]

Large piling drill on-site today and excavation works continuing. Good to see some decent action on this site. Can't wait to start seeing this one go up, it is a bloody big building in terms of length and particularly for the southern end of town.

Noticed that last night. Also saw what looked to be the beginning of a core pit taking shape too.

[skyliner]

Large piling drill on-site today and excavation works continuing. Good to see some decent action on this site. Can't wait to start seeing this one go up, it is a bloody big building in terms of length and particularly for the southern end of town.

Noticed that last night. Also saw what looked to be the beginning of a core pit taking shape too.

Just missed all this. Left Adelaide on 14th. Inspected the site however and was convinced that the building was going ahead - makes you wonder if they want to beat the Hills building to get prospective tenants first. (After languishing for so long with nothing happening). Tramline no doubt a great help. The edge and wave should fit in well as residences for workers.

Adelaide skyline will look great from the airport on a couple of years - much longer N - S.

ADELAIDE - TOWARDS A GREATER CITY SKYLINE

[JamesXander]

Can't wait for this one. Will be great addition to the KWS southern end.

Its going to look great down that end in a couple of years. Keep em coming boys.

[urban]

Some good quality ground floor retail tenants would be really boost this end of KWS

[UrbanSG]

This site really is huge, I can't get over its size. Can't wait for this one to go up, it should really help this side of the CBD look more like a CBD area. I wonder if it will be steel frame construction like Kyren Pty Ltd's other project at Coglin Street. Hopefully it is so we can see it go up fairly quickly. Here are a couple of pics taken from the southeast corner of the site over the fence today. Excavation and piling work is well underway.