Sensational-Adelaide.com

Type: Development Application Received
Application Number: DA/1011/2010
Lodgement Date: 22/12/2010
Location: 399 King William Street, ADELAIDE SA 5000
Description: Demolish existing building and construct 15 storey student accommodation building with ground floor restaurant/cafe.

jk1237 wrote:whereabouts is this?

jk1237 wrote:whereabouts is this?

Isiskii wrote:Looks like it was designed by the same guy behind the Lot 8 development.

Chinese property developer's Adelaide foray to revive south end
http://www.adelaidenow.com.au/property/ ... 5983201380

An 11-storey office building at 400 King William Street is helping to change the city. Picture: Sarah Reed

A BILLIONAIRE Chinese property developer plans to build a 15-storey apartment building in King William St, in his first foray into the Australian property market.

Billionaire Cheng Hui Xu, who is reputedly China's 18th largest property developer, has submitted a development application with the Adelaide City Council through his company Tangcheng Holdings.

The application is for a student accommodation building with a ground-floor restaurant and cafe to be built on the site south of the Brecknock Hotel at 399 King William St.

Mr Xu bought the site last year for $2 million.

The building would be the highest in the southern end of King William St, situated around a cluster of several new mid-rise buildings, including the 11-storey office buildings at 400 King William St and the nearby Edge building.

The Optus building on the corner of South Tce is 14 storeys high.

Property Council of Australia SA executive director Nathan Paine said the development reflected a two-pronged revival that of King William St south, and the student accommodation sector.

"There's no question in my mind that the southern end of King William St has really been re-enlivened by the tramline extension, and we are seeing quite a lot of activity down there now," Mr Paine said. "And I think as the global economy picks up again, international student numbers will continue to come into South Australia and need somewhere to live."

Mr Xu, who lives in West Lakes, also plans to develop a 300apartment building with a ground floor commercial precinct in Gouger St near China Town.

Other developments by Mr Xu are privately funded through the pre-sale of Chinese apartments, so the development is not expected to face the financial constraints of similar projects. Mr Xu could not be contacted for comment.

crawf wrote: Mr Xu, who lives in West Lakes, also plans to develop a 300apartment building with a ground floor commercial precinct in Gouger St near China Town.

flat04 wrote:So, can anyone confirm which site it actually is?
The Advertiser article says it is south of the Brecknock which would make it more like 419-421 between the Brecknock and the Optus building.
Would be great if it was that vacant site being developed.
If it is infact 399 then there are a few good quality buildings that would need to go to make way for it, its foot print would be a reasonable size wouldn't it?