Kodo apartments

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<a href="https://www.urban.com.au/developers/flagship-group">Flagship Property Group</a> is set to embark on stage two of their Adelaide CBD master-planned precinct, with <a href="https://www.urban.com.au/new-apartments/penny-place-17-penny-place-adelaide">Penny Place Apartments</a> beginning construction later this year. The $85 million development will be built by Maxcon with 150 new jobs to be created within the construction industry.

<blockquote>
“Maxcon has proven itself as one of Australia’s finest construction companies, so we’re pleased to partner with them to help us deliver on our exciting vision for Penny Place.” 
</blockquote>

Mark Jarman, Chief Executive Officer of Flagship Property Holdings

The news follows the recent completion of the precinct’s debut tower, <a href="https://www.urban.com.au/buildings/kodo-apartments-33-angas-st-adelaide">Kodo Apartments</a>, which has reached an impressive 193 metres high, claiming the title of Adelaide’s tallest residential building.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kodo-apartments-33-angas-st-adelaide-ed0eb798e647a9c39a0bc6e8b81ca4aa.jpg" rel="gallery-all" title="Kodo Apartments, 33 Angas Street, Adelaide. Credit: Woods Bagot"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/kodo-apartments-33-angas-st-adelaide-ed0eb798e647a9c39a0bc6e8b81ca4aa.jpg?itok=HJqr4p35" title="Kodo Apartments, 33 Angas Street, Adelaide. Credit: Woods Bagot" width="580"></a>

<figcaption>Kodo Apartments, 33 Angas Street, Adelaide. Credit: Woods Bagot</figcaption></figure><h2>PENNY PLACE</h2>

The Woods Bagot-designed tower is set to reach a towering 78 metres high and will comprise 152 apartments across 24 floors. Woods Bagot Associate Principal Alex Hall explains that the beauty of the design is that it actually involves quite complex design elements, which are refined to look effortlessly seamless.

<blockquote>
“Good design is when an element of function is greater than its potential value. You can say it’s simple and honest, but what its actually doing is taking quite complex ideas and refining them down to a point where someone can see it as a simple solution.”
</blockquote>

Alex Hall, Associate Principal, Woods Bagot via Penny Place Apartments/Youtube

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tpa9869_penny_place_e02_streetscape.jpg" rel="gallery-all" title="Penny Place exterior. Credit: Woods Bagot"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/tpa9869_penny_place_e02_streetscape.jpg?itok=hKAqUsrT" title="Penny Place exterior. Credit: Woods Bagot" width="580"></a>

<figcaption>Penny Place exterior. Credit: Woods Bagot</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tpa9869_penny_place_in01_living.jpg" rel="gallery-all" title="Penny Place apartment living area. Credit: Woods Bagot"><img alt="" class="image-article-full-width-580px" height="644" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/tpa9869_penny_place_in01_living.jpg?itok=wU1JDy9A" title="Penny Place apartment living area. Credit: Woods Bagot" width="580"></a>

<figcaption>Penny Place apartment living area. Credit: Woods Bagot</figcaption></figure>Penny Place will feature a spacious ground floor lobby with retail space and a public plaza. Each apartment will include a full-width balcony, loop pile carpets, Caesarstone kitchen benchtops, LED lighting, separate laundry, Bosch/Fisher &amp; Paykel appliances and air-conditioning.

Residents will also be invited to enjoy the use of a lavish resident’s lounge, complete with a chef’s kitchen, and dining area for entertaining.

Construction of Penny Place is expected to take approximately 18-25 months to complete.
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Kodo apartments

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