Silverstone Developments is scrapping its plans for an office tower in favor of new apartments as it continues to expand its residential development pipeline.

The developer, currently working on The Windermere in Ascot and with another site in Hamilton, has decided to move forward with a 192-apartment tower in Milton, replacing the previously planned 24-level office building at <a href="https://www.urban.com.au/new-apartments/299-coronation-drive-milton">299 Coronation Drive</a>.

They have kept Woods Bagot as the architect and retained many of the design principles from the original office tower plan.

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="90982b46-d5bb-4381-b61b-f6a03ecb759c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.29.20%E2%80%AFPM.png?VersionId=QwlGCSNRQ3Ibi3hrmtPNkPtkIq8bciOZ" />

"The design concept for the proposed development at 299 Coronation Drive seeks to take cues from the architectural language of exemplary archetypes present on the stretch of Coronation Drive from Toowong to the Brisbane CBD," Woods Bagot noted in their submission to the Brisbane City Council.

They said examples include the fine screen and detail like the nearby Regatta Hotel,&nbsp;the terrace house typology, the modern interpretation of traditional features at the Toowong Library, and the tectonics of the traditional Queenslander.

"The design will draw upon these elements to develop a design that is relevant to place."

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="0ebd2afc-3562-4948-98fe-ebfff07bc638" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.29.39%E2%80%AFPM.png?VersionId=VSkknd7dq.Dz79FTh9ChTA18kholZkRo" />

The plans are for 192 two and three-bedrooms aimed squarely at the owner-occupier. All of the 48 two-bed units will have a multi-purporse room. The three-bedroom apartments are categorised as small, medium and large in the submission. There will be just eight apartments per floor.

The amenity has been lcoated on the roof, like most new builds in Brisbane. A lap pool, with a plunge pool at either end, will be accompanied by a sauna, steam room, hot and cold plunges, and a treatment room. The roof will also feature a gym, private and outdoor dining spaces, a fire pit area, and extensive integrated seating near barbecue facilities.

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="e7e1d7e3-db76-4bce-9560-b9801d1ec322" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.30.17%E2%80%AFPM.png?VersionId=tL.JqwnUMOszxcwreRUJ.RKAv5gSCpRa" />

Apartments will be serviced by 291 parking spaces and 270 bicycle spaces.

There's been notable success on Coronation Drive in recent years. In the neighbouring Toowong, Consolidated Properties is close to selling out Monarch Residences at&nbsp;600 Coronation Drive after a <a href="https://www.urban.com.au/news/qld/penthouses-snapped-up-at-toowongs-monarch-residences">stellar few months of penthouse sales.</a>

Joel Robinson

First look: Silverstone Developments to turn office to apartments on Milton riverfront site

<ul>
	<li data-end="187" data-start="0">The Queensbridge Building, a 62-level mixed-use development, is under construction in the heart of Melbourne’s CBD, South Melbourne, and Arts Precinct, with completion expected in 2025.</li>
	<li data-end="361" data-start="188">The development includes 367 apartments, a 188-room hotel, co-working spaces, resident amenities, and a corner store, with a design philosophy based on ‘Modern Nostalgia.’</li>
	<li data-end="499" data-start="362">Interior design by David Flack focuses on natural light, customizable finishes, and spaces that encourage personalization by residents.</li>
	<li data-end="642" data-is-last-node="" data-start="500">Queensbridge will offer numerous facilities, including a gym, outdoor lap pool, wellness rooms, and a car share program with Tesla vehicles.</li>
</ul>

<hr />
The Queensbridge Building, at the nexus of the Melbourne CBD, South Melbourne, and the sought-after Arts Precinct, is continuing to achieve milestones in its construction.

The striking glass facade by Fraser &amp; Partners is starting to shine from Queensbridge Street, with regarded builder Hickory in charge of the construction of the 62-level, mixed-use building which will be the&nbsp;only new apartment development to complete in <a href="https://www.urban.com.au/developments/southbank-vic">Southbank</a> in 2025. The last completion of a new tower was in 2022.

Developer&nbsp;<a href="https://www.urban.com.au/developers/time-and-place">Time &amp; Place</a>&nbsp;is bringing a rounded lifestyle offering to its future residents. Alongside the 367&nbsp;one, two and three-bedroom apartments will be a 188-room Hannah St. Hotel, significant resident amenity, a two-level mezzanine lobby with co-working centre, and a convenient corner store.

[smartcode_project:default project_id=1504 project_image_fid=272099]

The design&nbsp;philosophy, both in the apartments' interiors and the building's architecture, is guided by Time &amp; Place's new concept of ‘Modern Nostalgia,’ seeking to recreate the comfort and familiarity of home within a skyscraper setting.

Interior architect David Flack handled the design style of the apartments that are designed to optimse nature light with large picture windows and integrated study nooks.

"Often you walk into an apartment, and it’s immediately clear how the designer or architect wants you to live, but not here," Flack said.

"We want you to see yourself within these spaces, and make them your home."

[smartcode_project:default project_id=1504 project_image_fid=272079]

Each of the apartments can be customised with multiple choices of finishes rarely available to any development.

Time &amp; Place use a unique custom lab software that also allows homeowners to view colour selections in the kitchen, bathrooms, and bedrooms.

[smartcode_project:default project_id=1504 project_image_fid=272085]

A myriad of facilities will be accessible by Queensbridge residents, including but not limited to a co-working space, a resident dining room, gym, an outdoor lap pool, a hot house, and several wellness rooms.

Residents will also have access to an affordable car share program with Tesla vehicles

[smartcode_project:default project_id=1504 project_image_fid=272090]

The facilities will be complemented by more public spaces like a&nbsp;reinterpretation of the neighbourhood corner store.

Hickory is soaring past level 50 on its way to completing the 62-level structure, with the interior fitout to follow soon after completion of the building.

[smartcode_project_cta:default project_id=1504]

Developer Time & Place is bringing a rounded lifestyle offering to its future residents

Hickory targets 2025 completion of The Queensbridge Building in Southbank

The latest stage of Collins Wharf by Lendlease presents an opportunity to buy into one of&nbsp;Melbourne’s world-class retail and dining precincts.

<a href="https://www.urban.com.au/new-apartments/ancora-at-collins-wharf-docklands-971-collins-street-docklands-vic-3008">Ancora</a>, designed by international architecture practice <a href="https://www.urban.com.au/architects/warren-and-mahoney">Warren and Mahoney</a>, will comprise just over 300 residences, a mix of waterfront apartments, townhomes and skyhomes, all just a stone's throw from the heart of Melbourne at the end of Collins Street.

We recently visited the onsite display suite at&nbsp;938 Collins St where Lendlease Senior Development Manager, Lorna Stewart-Thornton, gave us an insight into what Ancora offers its future residents.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/1mUhIrMz32I?si=Fad54SOS55rBSj-C" title="YouTube video player" width="560"></iframe>

"This is the opportunity to enjoy elegance on a grand scale in the most coveted location, where the serene beauty of the water meets the vibrant pulse of Melbourne city,"&nbsp;Stewart-Thornton said.

“Across the range of residences on offer, buyers will enjoy carefully designed and orientated floor plans which capture the best natural light across both single and dual waterfront views.

[smartcode_project:default project_id=9779 project_image_fid=314799]

The Waterfront Apartments feature one, two, and three-bedroom layouts with open-plan living areas, kitchens fitted with integrated Miele appliances, and stone benchtops. Buyers can choose between light or warm colour schemes.&nbsp;

The Premier Collection takes luxury further with larger residences, including townhomes and skyhomes, finished with Gaggenau appliances and natural stone benchtops.

[smartcode_project:default project_id=9779 project_image_fid=318933]

Beyond the apartments, Ancora will deliver an extensive amenity offering.

"Lendlease's approach to placemaking puts lifestyle at the centre of our development,"&nbsp;Stewart-Thornton says.

"Our focus expands beyond apartments to the spaces and amenities that complement the home."

Ancora residents will have access to extensive wellness facilities, including an indoor pool, spa, sauna, steam room, and a fully equipped gym, as well as two open-air terraces which will take in city and waterfront views.&nbsp;

[smartcode_project:default project_id=9779 project_image_fid=314808]

Ancora also integrates green space, with over 5,000 square metres of parkland planned for the ground-level, offering outdoor areas for relaxation, fitness, and social gatherings.&nbsp;

Located on the water’s edge, Ancora offers direct access to Victoria Harbour Promenade and is within walking distance of Collins Street, linking residents to Melbourne’s best retail and dining precincts.&nbsp;

Construction on Ancora is set to commence soon.

[smartcode_project_cta:default project_id=9779]

Located on the water’s edge, Ancora offers direct access to Victoria Harbour Promenade and is within walking distance of Collins Street, linking residents to Melbourne’s best retail and dining precincts.

"Where the water meets the city": Inside Lendlease's Ancora at Collins Wharf

&nbsp;

Lower North Shore developer&nbsp;<a href="https://www.urban.com.au/developers/da-properties">DA Properties</a> has revealed its next apartment project.

DA Properties, led by David Allen, has sought to create a five-level building on Murdoch Street in Cremorne.

They're proposing 31 two and three-bedroom apartments in the $30 million block across an amalgamation of several sites between 45 and 51 Murdoch Street, toward the top of the street just off Military Road. It is strategically positioned next to Redlands Junior Campus.

<img alt="Murdoch Street, Cremorne DA" data-entity-type="file" data-entity-uuid="30ecedfc-1d8f-4b24-bf76-79d4bb0a6602" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Murdoch%20Street%2C%20Cremorne.png?VersionId=ez5wZff0pMaJAtGtQTQLIXkt01FhoDzF" />

Designed by <a href="https://www.urban.com.au/architects/pbd-architects">PBD Architects</a>, the development responds to the site's irregular shape and triple street frontage with a contemporary, articulated form that mitigates visual bulk and integrates with the surrounding streetscape, the documents submitted to the North Sydney Council state.

The design also reflects <a href="https://www.urban.com.au/developments/cremorne-nsw-2090">Cremorne</a>’s leafy character while contributing to housing diversity, particularly through its mix of larger apartments and affordable housing. &nbsp;

The development will feature 776 sqm of communal open space and landscaping in the southwestern corner, along with 45 basement car spaces accessed via Education Lane. &nbsp;

DA Projects is hoping to start construction in August. The developer has previously created Porteno Manly, 41 luxury apartments on Whistler Street. They have another project in nearby McMahons Point.

First look: New apartments set for Cremorne's Murdoch Street

Bassar Group's penchant for Broadbeach development is set to continue with its latest apartment play.

Bassar, led by Leo Sarris and Simon Bassil, has filed plans with the Gold Coast City Council for a 33-level tower with 56 half-floor apartments on Anne Avenue, similar to their successful Infinity project which they completed around the corner in 2023 on Surf Parade.

The <a href="https://www.urban.com.au/new-apartments/avva-19-anne-avenue-broadbeach">new tower, Avva</a>, the Greek translation for Anne which reflects Sarris' heritage, will feature a range of amenities on the podium levels, from a lap pool with day beds to a wellness area with a gym, yoga deck, hot and cold plunge, and a sauna and steam room.

Leo Sarris, Bassar Group Director, said the conditions are right for their next installment of luxury in <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a>.

"We're excited to announce the next Bassar tower following on from Infinity which sold out before construction completion," Sarris says. They've kept the same design team, with BDA again on board.

"Avva is an edgier and more contemporary cousin to Infinity."

<img alt="Bassar" data-entity-type="file" data-entity-uuid="022a60d0-d41f-4bb6-a1d2-b5fa874fe134" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-28%20at%202.04.28%E2%80%AFPM.png?VersionId=mbXzqdPl9Imy2oiTpptYLOiby5RCbSod" />

Sarris says it's all about finding that sweet spot for both the developer and purchasers.

"We're targeting to provide a product that ticks boxes for location and local amenity to suit our buyers, but also being as simple as possible when it comes to design. If we simplify the design process, and give buyers what they need and not overdo it with unnecessary additional costs, we can then offer a competitive price point.

"We'll still be having large 166 sqm internal floorplans with three bedrooms, with just two apartments per floor. We know that's what our type of buyer wants after delivering Infinity."

When comparing to the COVID boom which Bassar benefitted from when they were marketing Infinity, Sarris says the landscape on the Gold Coast is now very different.

"Buyers are more savvy now," Sarris says.

"There was a time when buyers would pay anything to get into the Gold Coast market. Now, with the cost of living and increased interest rates, it's not as easy, so you really need to hit the sweet spot in terms of design which then informs the price you can sell the apartment for."

<img alt="Bassar" data-entity-type="file" data-entity-uuid="aa2656d9-19db-4677-9d44-9c06f9042ee1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-28%20at%202.28.01%E2%80%AFPM.png?VersionId=BZmL26GBIFeWWs8SCC_e7Zf4SD4Lhkrh" />

Sarris still expects some interest from the southern states, however acknowledging that demographic won't be as prevalent as it was several years ago. Local buyers are likely to dominate sales.

BDA Architecture, who designed Infinity, has been in charge of the architecture for the new project.

They said the new "modernist-inspired tower&nbsp;adopts an angular expression to its form."

<img alt="BDA" data-entity-type="file" data-entity-uuid="e8cc038c-7cff-4adb-8827-dc4fc9bfc1f9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-28%20at%202.32.06%E2%80%AFPM.png?VersionId=CR58MXSiw4UE2OsET8AH2l0FAPb1DhCd" />

"The tower floor plan is shaped to create striking oblique spatial expression. The tower form offers visually interesting angles to passers-by. The movement and angles reflect the subtle angles of the coastal context."

The new tower at 19 Anne Avenue will replace the 1970s MaxMar apartment block.

GV Property Group's Luke Reaby put the 1,032 sqm site together, amalgamating eight individual owners in the original two-level walk-up.

Leo Sarris, Bassar Group Director, said the conditions are right for their next instalment of luxury in Broadbeach

First look: Bassar Group plot next Broadbeach tower

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Urban Editorial

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

A number of people ask - what is the settlement process when buying off the plan property?

The simple answer is that the process is one part of the off the plan buying journey that isn't too dissimilar to buying in the established market.

The major difference is the time from exchange to settlement, given the off the plan property isn't built yet. The standard settlement for established property is around six to eight weeks.

This however has a number of pros for off the plan buyers.

One of the biggest is that the price paid for the property at the time of exchange doesn't change. Even if the value of the apartment has risen during construction, buyers will still settle on their apartments at the same price agreed.

The settlement date will be forecasted in the contract, as to when the developer believes the building will be complete, and the certificate of occupancy is obtained. Then settlement can start to occur and buyers can move in.

The settlement date forecast is another pro for buyers. While this date can chop and change due to a number of reasons, least of all delays in construction, labour, and materials, it gives the buyer a ballpark future date where they need to have their finances in shape to settle.

By paying a deposit you lock in that price, and you might not be required to pay the rest of the deposit for two or three years, if the construction timeline is that far away. This allows buyers years to save up the rest of the money while their yet-to-be-built property potential grows in value.

The settlement date estimate also puts a time limit on buyers as to when they should either vacate their current rental, or put the wheels in motion to sell their current home.

If you're thinking of purchasing an off the plan apartment, it's a good idea to speak to a conveyancer or solicitor who can advise you on the settlement process and help ensure that everything goes smoothly.

A number of people ask - what is the settlement process when buying off the plan property?

Off the plan property settlement - how does it work?

Arguably floor plans matter more in off the plan property than any other type of property.

In established markets, the floorplan is the floor plan. That's it, barring renovations.

But in the off the plan market, there a number of factors to consider when analyzing floor plans, and a number of questions to ask agents and developers when discussing buying an off the plan property.

First there's the floor plan size.

Floor plan sizes advertised by agents or developers can differ hugely state by state, so it's important to understand whether you are being pitched a property's internal size, or total size.

Internal size is the measurement of the internal floor area of an apartment, and is typically measured in square metres (m²). External size is the measurement of the external dimensions of an apartment, be it a courtyard or a balcony, but sometimes it can include a parking space or storage cage.

Generally, off the plan apartments are advertised with their internal size, as this is the size that you will have to work with when furnishing and decorating your new home. It's important to be aware of external size, however, as this will give you an indication of the overall size of the building and how much outdoor space you will have access to.

When considering internal vs external size, it's important to keep in mind that internal size may vary slightly from the advertised size due to the internal walls of the apartment. External size, on the other hand, is usually accurate to the advertised size as it's based on the overall dimensions of the building.

Another thing to consider when analyzing floor plans in off the plan property is that floor plans aren't necessarily set.

The majority of developers, providing construction is still at its early stages, will allow buyers to customize their floor plan to suit their lifestyle.

It might be that you want to move a bedroom or bathroom, or re-orientate the living area. This generally isn't a problem for developers as long as the moving of internal walls doesn't impact the building structurally, and the redesign all occurs within the same floor plate size of the original apartment.

In the off the plan market, there a number of factors to consider when analyzing floor plans, and a number of questions to ask agents and developers

How to read a floor plan, what questions to ask, and why it's important for off the plan property buyers

Adelaide’s most expensive-ever single-home parcel is part of a $50 million-plus sale of a North Adelaide mega-site that will become a new multi-residential development.&nbsp;

The 1.9-hectare site, which comprises 12 separate allotments across multiple titles with frontages to Ward, Jeffcott and Archer Streets and Wellington Square, was bought by a syndicate of four buyers, the most notable being Genworth Group, well known for&nbsp;custom-built homes in North Adelaide.

The buyers plan a mix of single-home developments, low-rise apartment towers, and potentially some townhouses and build-to-rent apartments.

The site was offered with vacant possession. It comprises the Lutheran Church in Australia’s national headquarters and includes a residential college, apartments, hostel rooms and townhouses, an office building, refectory, library, vacant development sites, and the State Heritage-listed Hebart Hall on Jeffcott Street, punctuated by its striking clock tower.&nbsp;

“This was a once-in-a-century opportunity for the Adelaide market,” James Juers of McGees Property, who sold the site,&nbsp;said.&nbsp;

Genworth Group acquired multiple parcels.&nbsp;

“We're working on plans and working through our feasibilities now,” Genworth Group's Chris Diamantis said.

<img alt="Ward, Jeffcott and Archer Streets, and Wellington Square, North Adelaide" data-entity-type="file" data-entity-uuid="0d01ddc7-444d-4206-9615-4eac132f0c74" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/North%20Adelaide%20-%20Marked%20Up%20Aerial%202.png?VersionId=dbt1gIwNSD4GFuxL9y9FqvA7PsRMiVGf" />

Diamantis said they're&nbsp;probably looking at four different projects in a way that they cater for a variety of demographics.

"We’ll be doing a very large private super high-end residence, as well as build-to-rent - probably two smaller towers with 25 to 30 apartments - we also might do some townhouses for downsizers, and possibly retirement living.”&nbsp;

“I've done lots of business in North Adelaide, and I know it intimately. I also know quite a lot of the residents of North Adelaide who dealt with over the last 36 years. &nbsp;I've got a very good idea of what North Adelaide needs, and that's what we're trying to cater for.&nbsp;

“We're really looking forward to developing the land and coming up with something &nbsp;that I think North Adelaide is screaming for, really.”&nbsp;

&nbsp;

The site has been associated with education uses since 1854 and the early days of &nbsp;South Australia. The United Evangelical Lutheran Church in Australia purchased the site in 1922 and established it as Immanuel College. The college moved to Novar &nbsp;Gardens in 1957, and the North Adelaide site over time became the church’s main tertiary education institution, providing education and accommodation to pastors, &nbsp;teachers, church workers and volunteers through the Australian Lutheran College.&nbsp;

Diamantis said they're probably looking at four different projects in a way that they cater for a variety of demographics

Adelaide’s priciest home site sale to pave way for new development

National award-winning developer <a href="https://www.urban.com.au/developers/chasecrown">Chasecrown</a> has marked the start of construction on its $120 million Parkline residential project in Kent Town with the release of its final penthouse and sub-penthouse sky homes.

The company has also announced <a href="https://www.urban.com.au/developments/kent-town-sa-5067">Multiplex</a> will build the Dequetteville Terrace development, a 12-level building with 61 apartments that is currently 80 per cent sold.

The remaining park front apartments range from $1.3 million to $5.1 million.

Chasecrown Director and architect, Louis Kanellos, says it was exciting to work with Multiplex on such a signature residential development.

“Multiplex is a premier construction company that has shaped skylines and delivering iconic projects around the world. It has delivered more than 1,100 projects globally including 18 in South Australia,” Kanellos says.

<img alt="Chasecrown’s New Kent Town" data-entity-type="file" data-entity-uuid="ff5cdbb3-bc3f-44ed-a1c5-7512d36c3bf9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Parkline_EXT01_Hero_FinalPreview%20-%20Updated_smaller.jpg?VersionId=et.QmWgt8_k4I7vGHJ5yz1F4BRAXrFrV" />

Kanellos says every investment buys uninterrupted views of either the east parklands, city or hills and boasts enviable green credentials.

“You can’t live any closer to the Adelaide CBD without living in the city itself. It offers the best of both worlds, combining urban living with city convenience,” Kanellos says.

“We’ve taken full advantage of this unique location overlooking the parklands, close to services and within walking distance of the restaurants, cafes and shops in the city’s East End and Norwood Parade.

“The successful urban regeneration of this corner of Kent Town is unsurprising given the unparalleled access to everything you would need in terms of shopping, dining, transport, green space and education.

“We’re excited by the interest to date with 80 per cent of apartments already sold, but we’re also aware some potential purchasers have been waiting for these latest premium homes to come on to the market. The market for new city-fringe apartments remains strong so we’re anticipating high demand for this final release.”

<img alt="Chasecrown’s New Kent Town apartment" data-entity-type="file" data-entity-uuid="96b80081-5bfb-4295-8544-0c1f3b50251f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Parkline_INT01_Skyhome%20Living%20Herringbone_FinalPreview_smaller.jpg?VersionId=_wy6Pb2wAjgzx4yGYfiGoiuSkKL3F0fS" />

The all-electric building is capable of net zero operation, thanks to a 7-star average apartment energy rating and a power system that can avoid the use of fossil fuels for heating, cooling, hot water and cooking appliances.

Other environmentally responsive design initiatives include a naturally ventilated car park with ‘green walls‘ to reduce energy consumption; an extensive solar array supporting the building’s communal energy consumption; infrastructure supporting individual electric vehicle charging stations; and home automation options.

Kanellos says Chasecrown is also investing in the public realm around the Kent Town project by removing power lines to King William Street and activating the street frontages and laneways with high-quality landscaping, and green walls.

“We placed a high value on contributing to the ongoing regeneration of Kent Town and recognition of the precinct’s local character and proximity of the city."

[smartcode_project_cta:default project_id=139320]

Chasecrown i investing in the public realm around the Kent Town project by removing power lines to King William Street and activating the street frontages and laneways

mikah.m@urban.com.au

Chasecrown appoint Multiplex to build Kent Town apartment development

The Malinauskas Labor Government will officially abolish stamp duty for all first homebuyers who buy or build a new home, and extend the First Home Owner Grant to all eligible first homebuyers as part of the 2024-25 Budget.

To further boost housing supply and help more South Australians into home ownership, the 2024-25 Budget will abolish property value thresholds for both the stamp duty exemption and First Home Owner Grant at a cost of $30 million over four years.

With the abolition of property value limits, a first homebuyer who purchases a new dwelling broadly in line with the median house price of $750,000 will receive a benefit of over $50,000, including the First Home Owner Grant of $15,000.

The stamp duty exemption will be available to all first home buyers who buy a new home (including a house, flat, unit, townhouse or apartment), an off-the-plan apartment, a house and land package or vacant land to build a new home.

The initiative builds on the tax relief announced as part of the 2023-24 Budget, which saw the Malinauskas Labor Government abolish stamp duty for first home buyers purchasing a new dwelling up to a property value of $650,000 while also aligning the property value cap for the $15,000 First Home Owner Grant to this limit.

South Australian Premier, Peter Malinauskas, said we are amid a national housing crisis borne of successive governments failing to do enough to build new homes.

"In the last budget, we abolished stamp duty for some first home buyers who build new homes. Now we are making that tax relief available to all of them.

"Every new home built in our state benefits the rest of the housing market. Every first homebuyer that can move into a new home means one less buyer or renter competing for existing stock."

First home buyers building a home can also save thousands with a two per cent deposit home loan available through HomeStart, a Malinauskas Government election commitment delivered this year.

Stephen Mullighan, South Australia's Treasurer, says the&nbsp;Malinauskas Government is acutely aware of the barriers facing young people who are looking to enter the housing market, and are determined to do all they can to assist young people into homeownership.

"That is why we have taken the step to abolish the property value cap on the stamp duty exemption for first home buyers who buy or build a new dwelling to ensure all first home buyers who choose this option no longer have to pay stamp duty."

Master Builders SA CEO Will Frogley said it&nbsp;is a great day for any South Australian who dreams of owning their own home.

"It’s also a great day for builders, tradies, suppliers, apprentices and all of the more than 80,000 South Australians directly employed in our industry. As house prices have risen over the years so too has stamp duty.

"This vital policy change by the Malinauskas Labor Government will incentivise South Australians to build their own home, fuel job creation and keep our economy strong."

South Australia scraps stamp duty for first home buyers who buy off the plan or new builds

Adelaide construction firm Sarah Group has struck a chord with buyers at their luxury and sustainable Norwood apartment development, The Osmond.

They've sold half of the 23 <a href="https://www.urban.com.au/architects/aplin-cook-gardner">Aplin Cook Gardner</a>-designed apartments on Osmond Terrace in <a href="/new-apartments/norwood-sa-5067">Norwood</a>, just a few streets east of the Adelaide CBD.

<a href="https://www.urban.com.au/new-apartments/the-osmond-82-osmond-terrace-norwood">The Osmond</a>&nbsp;<a href="/new-apartments/norwood-sa-5067">Norwood</a>&nbsp;development comprises&nbsp;two, three, and four-bedroom apartments with tree-framed city views to the west and the <a href="https://www.urban.com.au/new-apartments/adelaide-sa">Adelaide</a> Hills to the east.

Hitting the 50 per cent milestone recently, SARAH Group, who employs around 500 people, is ready to start the build through its construction arm, Sarah Build.

<img alt="The Osmond Spotlight" data-entity-type="file" data-entity-uuid="1e1bcc8a-aaee-451e-8503-12ecf81ed90a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Osmond%20Kitchen.png?VersionId=2wqIX3PMqGSPksGrVH7Tc5WVLvDYCTDE" />

The Osmond interiors blend subtle tones and natural textures to create an elegant yet warm and inviting atmosphere.&nbsp;

With optional upgrades available, residents have the opportunity to personalize their living spaces according to their tastes and preferences and choose from two distinct interior material palettes.

Double-glazed doors and windows, merging indoor and outdoor living spaces, ensure that every apartment maximises natural light.

The Osmond has been designed&nbsp;for an environmentally sustainable future, with LED and smart lighting on sensors, as well as water-efficient plumbing fittings and energy-efficient appliances, including air conditioning.

The Osmond is aiming for a 7-star rating or better under the Nationwide Housing Energy Rating Scheme.&nbsp;

The environmental impact will be minimised through features like twin garbage chutes supporting waste management with zero landfill goals and a solar system that feeds power back into the building's common areas.&nbsp;

<img alt="​​The Osmond Spotlight" data-entity-type="file" data-entity-uuid="add1f24c-bef4-4da0-bdbd-238a7e026414" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Osmond%20Entrance.png?VersionId=nuUTT7pc0CUOUj1mxAvII_z_wXA_7E59" />

Residents can also opt for an electric vehicle charging station. Parcel lockers are available in The Osmond's podium entrance.

Strategically located at 82 Osmond Terrace, The Osmond places residents on the doorstep of urban shopping. The Norwood Place shopping mall is a mere eight-minute walk west, offering a myriad of retail therapy.

&nbsp;

The Osmond is slated for completion by the end of 2025.

[smartcode_project_cta:default project_id=143678]

Hitting the 50 per cent milestone recently, SARAH Group, who employs around 500 people, is ready to start the build

The Osmond hits 50% sold as construction commencement approaches

Developer Luk's Investments is nearing completion of The Cullinan, its premier apartment development in Adelaide, with the final release of the remaining units to the market.

Over 85 per cent sold and set to complete in a matter of months,&nbsp;<a href="https://www.urban.com.au/new-apartments/the-cullinan-181-189-waymouth-street-adelaide">The Cullinan</a> will comprise 178 one, two, and three-bedroom apartments across 15 levels.

Designed by the acclaimed Gasparini Luk Architects, the development's exterior features striking hand-made brick columns cut from stone sourced from the nearby Adelaide Hills.&nbsp;

<img alt="The Cullinan Spotlight" data-entity-type="file" data-entity-uuid="2735a69d-84df-4b66-9b09-d08a4e7d8368" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Cullinan%20Balcony.png?VersionId=dlpkfYx4QIla.cz2ionuJnT3EuCN0lVf" />

The meticulous use of local materials not only creates an aesthetic that harmonises seamlessly with the surroundings but also establishes the building as a unique architectural piece.

Upon entering the grand lobby, residents are greeted by a soaring six-metre-high foyer.

The interiors, influenced by European design, have forever unobstructed views of Light Square as its backdrop.

The apartments offer open-plan living areas with floor-to-ceiling windows that frame views not only of the lush landscaping of Light Square but also of the Adelaide CBD and the Adelaide Hills and cast a warm glow over the kitchen and dining spaces.

The dining area has direct access to the balcony, ensuring a seamless indoor-outdoor flow for easy outdoor relaxation and hosting.

The kitchens are well-appointed with Miele appliances and natural stone finishes, while the private bathrooms boast floor-to-ceiling tiles.&nbsp;

<img alt="The Cullinan Spotlight" data-entity-type="file" data-entity-uuid="d2c86cd5-8fb8-4485-949d-0e12979f26ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Cullinan%20Kitchen.png?VersionId=ftLj54Opw0S.BTM_NNUOLJtDIFGRvIsa" />

The prospective resident will find the master bedroom with generous proportions, featuring a built-in robe and ensuite that assures privacy and ample storage for personal belongings. The other bedrooms also include convenient built-in wardrobes.

The Cullinan offers a range of kitchen and living upgrades, including a Miele wall-mount coffee machine and microwave, 900 mm Miele appliances, a Fisher &amp; Paykel French door integrated fridge, Herringbone timber floors, and an electric fireplace.&nbsp;

Standard features include Smart LED, intercom, and air conditioning, with optional home automation for electric curtains or blinds and audiovisual systems that can be controlled from the homeowner's smartphone.

The Cullinan fosters a communal lifestyle with two rooftop gardens featuring BBQ facilities and a jet pool.&nbsp;

Level One also boasts a raised pool, a fully equipped gymnasium, and a secured mail room for all residents to access.&nbsp;

The fully automated multi-stacking car park system ensures a safe, secure, fast, and hassle-free parking experience in Adelaide.

Located in the heart of the Adelaide CBD, The Cullinan is only an eight-minute walk to Chinatown, Central Market, and Adelaide High School, a nine-minute walk to the nearest tram stop, and a 15-minute walk to Rundle Mall.

The Cullinan is now under construction by IJ Projects, with estimated completion in March 2024.&nbsp;

Adelaide apartment development The Cullinan approaches completion as final apartments released

Adelaide's East End is about to witness a transformation of historic proportions as local developer Edberg Developments continues to work on its heritage project, Sutherland.

Edberg is repurposing&nbsp;the state heritage-listed former Salvation Army Women's Hostel at 341 Angas Street to create&nbsp;<a href="https://www.urban.com.au/new-apartments/sutherland-341-angas-street-adelaide">Sutherland</a>, just eight two and three-bedroom terrace-style apartments in the heart of the city.

<img alt="Sutherland Spotlight" data-entity-type="file" data-entity-uuid="7a7d9605-a207-4ce5-bac1-f5f85b3f9e46" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sutherland%20Living.png?VersionId=1efUgSbh9Ko_wEFFFM2LhYicUOW01JQL" />

Edberg Developments has enlisted <a href="https://www.urban.com.au/architects/matthews-architects">Matthews Architects</a> to design an extra storey to the three-level property and a contemporary four-level extension at the rear, ensuring the eight boutique apartments are architecturally seamless.

Inside, the engineered herringbone timber flooring in living areas and plush carpets in bedrooms provide a touch of luxury.&nbsp;

The gourmet kitchens feature porcelain benchtops and are well-equipped with Smeg appliances, including a 700mm induction cooktop, 600mm pyrolytic oven, microwave, 900mm rangehood, and Diamond series dishwasher.

<img alt="Sutherland Spotlight" data-entity-type="file" data-entity-uuid="d2dadfc2-4f71-416a-bf1b-534826051fa5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sutherland%20Kitchen.png?VersionId=cRrcczx1ggPJIIFWCR9q06Z2nIgl6mxx" />

The Legrand Smart Home system, heated flooring in the ensuite, and Allume Solshare system add a layer of convenience and comfort, while video intercom, high acoustic separation, and secure parking at ground level, ensure a secure and quiet living environment.

Sutherland also sets a benchmark for sustainable design. The development incorporates LED energy-efficient light fixtures, five-star water-efficient taps and shower roses, double glazing to all new windows, shared solar distribution to all apartments, and shading to north and west-facing windows.&nbsp;

Residents will enjoy immediate proximity to the expansive parklands, while a stroll away lies Hutt Street, lined with its vibrant array of cafes and restaurants—offering the perfect blend of urban convenience and natural tranquillity on Sutherland's doorstep.

Construction by builder <a href="https://www.urban.com.au/builders/tbc">TBC</a> is expected to commence early this year, with completion for the <a href="https://www.urban.com.au/new-apartments/adelaide-sa">Adelaide development</a> estimated in March 2025.

[smartcode_project_cta:default project_id=142747]

Inside Sutherland: Heritage apartments in the heart of Adelaide

<a href="https://www.urban.com.au/developers/barrio-developments">Barrio Developments</a>' completed apartment development Quayview on Adelphi has captured the attention of prospective homeowners who want to buy new apartments in <a href="/new-apartments/glenelg-north-sa-5045">Glenelg North</a>.

Designed by local architecture firm&nbsp;<a href="https://www.urban.com.au/architects/tectvs">Tectvs</a>, <a href="/buildings/quayview-on-adelphi-22-23-adelphi-terrace-glenelg-north">Quayview on Adelphi</a>&nbsp;has 21 unique floorplans for its 44 apartments spread across six floors—designed to cater to every lifestyle, whether one is downsizing, upgrading, or simply seeking a coastal retreat.&nbsp;

[smartcode_project:default project_id=9249 project_image_fid=37486]

Upon stepping into their Quayview apartments, residents will be greeted by floor-to-ceiling windows that flood the interiors with natural light, showcasing breathtaking views of the river and beyond.

The interiors are adorned with a perfect fusion of soft timbers and warm hues, creating an ambience of tranquillity and elegance.&nbsp;

Generous living spaces seamlessly merge with expansive balconies, allowing residents to entertain with ease.&nbsp;

[smartcode_project:default project_id=9249 project_image_fid=79233]

The kitchens are equipped with a premium assortment of appliances, ensuring a blend of functionality and style.&nbsp;

Residents also have the convenience of secure parking spaces and storage facilities, enhancing the overall living experience.

The communal rooftop garden area adds a touch of greenery and tranquillity, creating a perfect escape for residents.

[smartcode_project:default project_id=9249 project_image_fid=79238]

Quayview on Adelphi is also designed with sustainability at its core. The building incorporates energy-efficient lighting systems, solar panels for common areas' electricity needs, and rainwater harvesting tanks for irrigation purposes. Through these eco-conscious features, Quayview aims to minimize its environmental footprint while offering residents a greener way of life.

Situated on Glenelg North’s highly regarded Adelphi Terrace, Quayview is ideally positioned just minutes from Glenelg Beach and just a stone's throw away from popular cafes, restaurants, shops, and entertainment venues.

Constructed by the renowned construction company&nbsp;<a href="https://www.urban.com.au/builders/hutchinson-builders">Hutchies</a>, Quayview on Adelphi completed in 2022.

[smartcode_project_cta:default project_id=9249]

Quayview on Adelphi: One of Glenelg's most popular apartment projects

UDIA Award-winning developer Otello is bringing something different to Adelaide's growing inner-west area.

They've just launched Treno, a modern apartment and townhouse development in Mile End. The project will comprise&nbsp;31 apartments and townhouses on the western side of the CBD, across the road from Mile End Train Station and the picturesque 35-hectare Ellis Park.

[smartcode_project:default project_id=142023 project_image_fid=239075]

Polly Property's James Polacek, who is marketing Treno, says the project's location means it's a rare offering for two reasons.

"The prime location of Treno on Railway Terrace means future residents can't get closer to the park," Polacek says, adding while that alone is a unique selling point, it also adds another string to the bow of the project.

"Due of the proximity to the park and the train station, views encompassing the whole city aren't ever likely to be built out to the east because they're protected, while the zoning to the north and west now doesn't allow for anything to be developed higher than Treno, which means it's unlikely there will ever be anything blocking out those district views."

[smartcode_project:default project_id=142023 project_image_fid=239073]

Polacek is speaking to a lot of downsizers for the project, given it's weighted toward three-bedroom units.&nbsp;

The location is one of the biggest drivers to the project, Pollacek says. The proximity to the train station is suiting those wanting to connect with , while the proximity to Gladys Elphick Park is attracting the active downsizer.

The apartments have been designed by Studio Nine Architects to offer buyers a variety of floorplans. There are three different floorplan configurations for the three-bedroom apartments and three for the penthouses.&nbsp;

[smartcode_project:default project_id=142023 project_image_fid=239075]

The townhouses too have three bedrooms, as well as multiple living areas and balconies which provide direct views of the parkland and the city.

GurnerTM's $1 billion game-changing precinct in Adelaide will also be the first building on the other side of the park, around a kilometre away. That will bring significant hospitality to Adelaide.

There's a number of infrastructure changes coming to Mile End, such as the new state funded women's and children's hospital and some supporting medial industries, which&nbsp;Polacek says will drive a lot of growth in the inner west.

[smartcode_project:default project_id=142023 project_image_fid=239103]

Otello, who has previously developed five modern townhouse developments across Adelaide previously, is joint venture partnering with the builder, so they're invested in the build process of Treno too, which makes for a more cost effective build and accurate construction timeline.

Apartments at Treno start from $629,000. The project is slated for completion in early 2025.

[smartcode_project_cta:default project_id=142023]

&nbsp;

Polly Marketing's James Polacek, who is marketing Treno, says the project's location means it's a rare offering for two reasons

Otello launch new Mile End apartment development to tight Adelaide market

Multi-billion dollar developer <a href="https://www.urban.com.au/developers/gurner">GURNERTM</a> – alongside joint venture partner Kennards Self Storage – has submitted plans to redevelop the Adelaide's former Australia Post site fronting Grote, Gouger and Blenheim Streets, into a world-class, $1b mixed-use precinct.

The plans will go before the State Commission Assessment Panel (SCAP) on Wednesday 8 November for consideration.

The proposed plans will deliver a new lifestyle destination for <a href="https://www.urban.com.au/developers/gurner">Adelaide</a>, one of Australia’s cultural epicentres. With a five-star hotel, 600 residential apartments, extensive retail, food &amp; beverage, wellness and recreation spaces, and a work club, the development is set to bring a new level of luxury to the city.

<img alt="Gurner" data-entity-type="file" data-entity-uuid="d1032ba2-a27c-4331-94b8-a82e14395df6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-02%20at%202.21.49%20pm.png?VersionId=T.lh5qDEmdx_ejSov47QquE7Frf3k1U3" />

The precinct has been designed with a long-time GURNERTM collaborator, Elenberg Fraser, who has previously designed some of the developer’s most iconic and successful projects being the multi- billion-dollar FV project in Brisbane and the award-winning 107 Cambridge Street in Collingwood.

The project will also become the new headquarters of Kennards in South Australia, and is set to boast retail space, self-storage units, as well as commercial and co-working spaces.

The proposed scheme includes: 
• Five world-class towers, luxury hotel and residential, ranging from 17 to 27 levels 
• A five-star 220 room hotel 
• Over 57,000sqm of residential floorspace featuring 600 apartments 
• 3,352sqm of destination retail, food &amp; beverage and 2,293sqm of commercial space 
• Over 3,000sqm premium recreation and wellness facilities 
• 513 car parks and 767 bike parking spaces for residents and visitors

In keeping with the Greener by <a href="https://www.urban.com.au/developers/gurner">GURNERTM</a> vision, the development features environmentally sustainable design to target a 5 Star Green Star Building certification, an inset energy network and a net-zero energy emissions outcome. With low cost, 100 percent renewable energy available, and an all-electric precinct, the development is set to be carbon neutral in operation.

The development is set to re-shape the Adelaide skyline and create a new landmark, celebrating lifestyle, wellness, local culture and the natural beauty of the Adelaide landscape, with each luxury tower surrounded by lush garden and extensive outdoor spaces.

Read more:&nbsp;<a href="https://www.urban.com.au/news/sa/gurner-to-develop-adelaide-super-site-into-125-billion-mixed-use-precinct">Gurner to develop Adelaide super site into $1.25 billion mixed-use precinct</a>

<img alt="Gurner" data-entity-type="file" data-entity-uuid="f9091485-ca25-42e7-9ac6-d7e7aa66e750" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-02%20at%202.21.45%20pm.png?VersionId=y7W7UMWFFUSjY4MSABkKDpTIhuN2PkUF" />

The public realm will be centred around a multi-level circular plaza, designed to embody the natural cenotes and landscape of South Australia, with hanging gardens, an atrium and a sky walk that allows visitors to cross the space above.

The port cochere will make for a grand entrance into the site, while the hotel component will sit atop a heritage façade as <a href="https://www.urban.com.au/developers/gurner">GURNERTM</a> continues its long-standing passion for retaining historical features, 
frameworks and floorplates.

The development signals a new era for the 1.7ha site, with the 24,000sqm six-level building originally constructed for Australia Post to sort and distribute mail near the CBD. The heritage features of the original facility have influenced Elenberg Fraser’s design, with the project set to pay homage to the original Australia Post site, whilst delivering a new level of amenity and lifestyle.

The inclusion of self-storage space alongside the <a href="https://www.urban.com.au/developers/gurner">GURNERTM</a> residences is a unique point-of- difference, particularly for downsizers looking to make the move to a new apartment residence from a large, furnished family home.

<img alt="Gurner" data-entity-type="file" data-entity-uuid="83b717fe-adde-4684-bf6a-9da2c4fe0340" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-02%20at%202.21.54%20pm.png?VersionId=V7iQhGIIlp2OD8X1y8LGxZzFcEau9crY" />

<a href="https://www.urban.com.au/developers/gurner">GURNERTM</a> CEO Tim Gurner said the first South Australian project is a significant milestone for <a href="https://www.urban.com.au/developers/gurner">GURNERTM</a>.

"We are extremely excited at the prospect of delivering an iconic Adelaide project that represents a never- before-seen level of luxury and amenity for the city," Gurner said.

“We are always looking for new opportunities to collaborate with remarkable partners. The combination of <a href="https://www.urban.com.au/developers/gurner">GURNERTM</a> and Kennards is incredibly unique and we look forward to working collaboratively with Sam and Kennards on the first of many projects together."

Gurner said the team have been profoundly inspired by the unique heritage features of the original site and the Adelaide city landscape.

"These existing elements have heavily influenced the project’s design features and the development represents a new and exciting chapter for the site."

Gurner says the&nbsp;world-class hotel and residential amenities, as well as state of the art retail, hospitality, health and wellness facilities, are reflective of their vision to create state-of-the-art spaces where people can live their best lives.

“We strive to ensure each project we create embraces the history of its setting, and draws inspiration from the world’s most fascinating cities. This project is no different, we have carefully considered the unique history of the site and its surrounds and used it as a platform to create something spectacular for future visitors to enjoy.

“As we’ve done with so many projects in the past, we’ll be retaining, restoring and celebrating the incredible heritage of the existing site, transforming the red brick façade into an amazing hotel lobby that will deliver a level of service and amenity not currently available."

The proposed plans will deliver a new lifestyle destination for Adelaide, one of Australia’s cultural epicentres



GURNER submits plans for $1 billion city-shaping Adelaide CBD project

Renewal SA has secured Adelaide's&nbsp;West End Brewery with the intention to create a $1 billion, mixed-use community with over 1,000 new homes.&nbsp;

The West End Brewery, which closed in June 2021 after 135 years of brewing operations at the site, is located on Port Road in Thebarton,&nbsp;an inner-western suburb of Adelaide.

The planned precinct will also present significant opportunities for commercial, hospitality, retail and government tenancies, which along with greenspace activations, will create a bustling new economy on the city’s fringe.

Renewal SA will act as master developer of the 8.4-hectare community and work in partnership with industry to deliver the project after being selected by Lion Beer Wine &amp; Spirits as its preferred proponent during a market expression of interest process.

Adoption of a government-led delivery model will provide widespread opportunities for private sector participation in planning, design, civil works, development, building and construction activities while ensuring best-for-state community outcomes.

Renewal SA has begun active discussions with the National Housing Finance and Investment Corporation (NHFIC) on funding opportunities specific to the ground-breaking Thebarton development in a bid to assist South Australians in their pursuit of home ownership.

This includes talks to form a bilateral agreement that would cut red tape for Community Housing Providers, identify areas of social and affordable housing need, unlock government land to assist delivery and expedite planning approvals.

Part of the development will likely be the adaptive&nbsp;reuse of the high-profile heritage buildings such as the Walkerville Brewhouse, and activation of the area around Colonial William Light’s first Adelaide home, as well as recognition of Kaurna culture.

Detailed master planning will inform the final land use mix and configuration of the new community, along with feedback from stakeholder and community consultation. It will be people-focused in its intent and aim to exemplify the seven Elements of Great Places–equity, identity, greenery, urbanity, mobility, wellness and resilience–as defined by the United Nations.

As part of its presale preparations, Lion lodged an application for a Code Amendment to rezone the land to a combination of Urban Corridor (Boulevard) and Open Space, which would allow for a myriad of future uses. The site is currently predominantly zoned for Strategic Employment.

Much of the site has already been cleared and remediated by Lion, meaning development can occur quickly. Renewal SA will commence detailed master planning early next year with civil works to follow that process. It will also begin gauging interest from private sector developers and investors, along with CHPs looking to partner with it on affordable rental projects in 2024.

Indicative timelines have construction and property sales starting in 2025, with the first residents moving in by 2027. Key civic spaces and public amenity will also be prioritised within the first stages of development.

Housing and Urban Development Minister Nick Champion said the strategic acquisition of the Brewery site solved a number of state government requirements while providing major scope to rigorously pursue its agenda to increase housing supply along key corridors.

“It is almost unheard of to get an infill site of this scale in any capital city, so we seized the opportunity,” Minister Champion said.

“It is our intention to create a world-class precinct – one which is a catalyst for further local investment and drives housing affordability. We will draw inspiration from other high-quality urban infill projects like Bowden.”

Renewal SA Chief Executive Chris Menz said extensive opportunities for development and construction industry partners to bring their specialist knowledge and innovative solutions to the project would be announced in the coming months.

“We will be looking to leverage the resources and expertise of the private sector including development partners, investors, designers, consultants and builders, to deliver this world-class vision.

“Renewal SA has solid experience in creating investment ready, well-planned, industry leading communities for the state and we intend to secure the most successful and proven development partners to deliver each component of the project – including residential, retail and commercial - through an open competitive process.

"We’ll be looking for the best of local and interstate experience and investment and it’s my firm view that great outcomes are achieved when government and private sector work hand-in-hand, which we have seen at the likes of Bowden, Tonsley Innovation District, and Playford Alive.”

The planned precinct will present significant opportunities for commercial, hospitality, retail and government tenancies, which along with greenspace activations, will create a bustling new economy on the city’s fringe.

Latest South Australia Property News

Adelaide’s priciest home site sale to pave way for new development

Editor's Picks

Developments

New apartments

New townhouses

News

Latest South Australia Property News

Adelaide’s priciest home site sale to pave way for new development

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News