[SWP] 102-120 Wakefield Street | 65m | 14lvls | Office

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Adelarch
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[SWP] Re: PRO: 102-120 Wakefield St | 51m | 12lvls | Office

#196 Post by Adelarch » Wed Jul 06, 2011 1:11 am

Mmm, this site is on the market now:
http://www.realcommercial.com.au/proper ... de-5795391

Taking a cynical viewpoint, let me surmise the development strategy here for just a moment:
1. Obtain approval to build an office block with associated car parking, with the latter flagged as ‘Stage 1’ of the project
2. Construct car park only
3. Submit a DA for an ‘upgraded office facility’ in an effort to amend the ‘Stage 2’ office component into a ‘temporary car park’ – which if accepted will increase the land value based on annual returns from the car park
4. Irrespective of approval or rejection, sell the site to lock in profits associated with car park construction
5. ‘Stage 2’ remains dormant for years as it is uneconomic to develop such a small site into an office block or anything else which council will readily accept.

I’m not completely in my sphere of understanding here – perhaps I’m being a tad too cynical? :?

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[SWP] Re: PRO: 102-120 Wakefield St | 51m | 12lvls | Office

#197 Post by AtD » Wed Jul 06, 2011 8:21 am

Sadly I'm not surprised.

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[SWP] Re: PRO: 102-120 Wakefield St | 51m | 12lvls | Office

#198 Post by Nathan » Wed Jul 06, 2011 8:22 am

Bloody hell. They were never really intending on building the office block were they? :wallbash:

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[SWP] Re: PRO: 102-120 Wakefield St | 51m | 12lvls | Office

#199 Post by omada » Wed Jul 06, 2011 11:03 am

yup the ACC stuffed this one up.. again. :applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause: :applause:

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[SWP] Re: PRO: 102-120 Wakefield St | 51m | 12lvls | Office

#200 Post by Will » Wed Jul 06, 2011 12:16 pm

I hope the development plan is ammended following this.

You either build it all or nothing at all.

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[SWP] Re: PRO: 102-120 Wakefield St | 51m | 12lvls | Office

#201 Post by SRW » Wed Jul 06, 2011 2:05 pm

omada wrote:yup the ACC stuffed this one up.. again.
How do you figure this to be the ACC's fault?
Keep Adelaide Weird

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[SWP] Re: PRO: 102-120 Wakefield St | 51m | 12lvls | Office

#202 Post by omada » Wed Jul 06, 2011 2:16 pm

SRW: How do you figure this to be the ACC's fault?
Assuming that it was under 10m - quite simply because they approved it, and they keep on approving these big ugly carparks.

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[SWP] Re: PRO: 102-120 Wakefield St | 51m | 12lvls | Office

#203 Post by Ben » Wed Jul 06, 2011 2:24 pm

The DAC would've approved it too.

The only way to stop this from happening to to make sure the office and carparks are built as one stage and this is something that can be built into planning guidelines.

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[SWP] Re: PRO: 102-120 Wakefield St | 51m | 12lvls | Office

#204 Post by Aidan » Wed Jul 06, 2011 6:12 pm

Ben wrote:The DAC would've approved it too.

The only way to stop this from happening to to make sure the office and carparks are built as one stage and this is something that can be built into planning guidelines.
No, that's not the only way at all.

A much better way is to prevent car parks being so lucrative. This can be done by improving train and bus services into the City.
Just build it wrote:Bye Union Hall. I'll see you in another life, when we are both cats.

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[SWP] Re: PRO: 102-120 Wakefield St | 51m | 12lvls | Office

#205 Post by SRW » Wed Jul 06, 2011 10:20 pm

omada wrote:
SRW: How do you figure this to be the ACC's fault?
Assuming that it was under 10m - quite simply because they approved it, and they keep on approving these big ugly carparks.
The ACC DAP approved an office building and associated car park because it was in keeping with the development plan and there was no reasonable basis on which to refuse. The DAC would have done the same, else the developers could have appealed.

The reason we ended up with a car park is because of the developers and their, at best, poor management, or, at worst, dishonourable intentions.

But I think the way to prevent this in the future is a mix of what Will and Aidan have proposed; the planning guidelines need to be more sensitive to the way staged developments are handled so we don't end up with something other than was approved (as well as being stricter on the approvals for car parks in the first place). And of course, public transport needs to be better in order to disincentivise the building of car parks all together.
Keep Adelaide Weird

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[SWP] Re: PRO: 102-120 Wakefield Street | 51m | 12lvls | Office

#206 Post by Ben » Mon Apr 07, 2014 11:15 am

Further extension of time has been applied for. DAC have not said as yet whether they will approve or reject.

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[SWP] Re: PRO: 102-120 Wakefield Street | 51m | 12lvls | Office

#207 Post by cyber_256 » Wed Jul 23, 2014 5:35 pm

The empty lot next to the carpark has been cleared. Any news on whether the project was approved?

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[SWP] Re: PRO: 102-120 Wakefield St | 51m | 12lvls | Office

#208 Post by IamAdelaide » Sun Aug 31, 2014 12:56 pm

Adelarch wrote:Mmm, this site is on the market now:
http://www.realcommercial.com.au/proper ... de-5795391
I’m not completely in my sphere of understanding here – perhaps I’m being a tad too cynical? :?
Not nearly cynical enough in my opinion :bow:
I am Adelaide - a city near the Barossa Valley

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[SWP] Re: 102-120 Wakefield Street | 51m | 12lvls | Office

#209 Post by Ben » Fri Feb 05, 2016 1:54 pm

I believe this is being resurrected and should see some info soon.

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[SWP] Re: 102-120 Wakefield Street | 51m | 12lvls | Office

#210 Post by rhino » Fri Feb 05, 2016 2:04 pm

Ben wrote:I believe this is being resurrected and should see some info soon.
Good!
cheers,
Rhino

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