Sensational-Adelaide.com

Hippodamus wrote:In terms of visual appeal, i believe the project does not have any (from the perspective taken from North Terrace)...

The design looks like an 1960's to early 1970's monstrosity... reminds me of that disgusting highrise you can see from the West Parklands (B27) the old West Adelaide soccer grounds.

like the height, don't like the materials chosen... bad!!

$4.5m to buy penthouse luxury
Article from: Sunday Mail (SA)

RENATO CASTELLO

April 20, 2008 12:30am

OWNERS of the two penthouses in a planned $120 million Adelaide apartment tower will have their own swimming pools – and developers expect the luxury pads to fetch a record $4.5 million each.
This would eclipse the current South Australian record for an apartment sale, held by a penthouse at The Place on Brougham, North Adelaide at $4.14m.

The median house price in SA is $362,500.

The 500 sq m penthouses, which feature sweeping 270-degree views across the city, are the centrepiece of a 17-storey tower to be built behind the state heritage-listed Masonic Centre on North Tce.

Developers Advantis (QLD) Pty Ltd lodged plans with the Adelaide City Council last week for the 60m building that will feature:

134 one and two-bedroom apartments.

GYM, sauna and separate pool for residents.

BASEMENT parking for 136 cars and ground floor retail.

STORMWATER capture and re-use, and solar hot water systems.

A spokesman for the developer described the four-bedroom, two-storey penthouses as "a big house on top of a building".

"These are for the discerning purchaser . . . someone who wants a city lifestyle but doesn't want to give up the North Adelaide or Burnside palatial living," he said. "You won't get any opportunity for anything like this in the distant future."

The penthouses will feature north-facing outdoor terraces, a master bedroom suite on the top floor and high-end appliances.

But internal finishes to kitchens and bathrooms are still to be determined.

The building will be constructed using cor-ten steel, which naturally rusts – but the structure doesn't corrode – as it is exposed to the elements.

The steel is predominantly used in outdoor sculptures, bridges and in the transportation industry.

"We don't want to clash with the Masonic Lodge, it is a timeless piece and we want it to blend in," the spokesman said.

The grand hall at the rear of the Masonic Centre would be demolished as part of the project, which has been designed by Adelaide architectural firm Tridente Architects.

But under a deal with the Freemasons, who sold the site in 2004, the developers will spend $1.5m on restoring the 80-year-old building.

The Freemasons will remain on site under a 99-year lease agreement with the developers.

A buy-back clause allows the Freemasons to repurchase the lodge should it be viable.

A new pedestrian plaza linking North Tce with Rundle St via Synagogue Place will be created.

The plans are expected to go out for public consultation later this year.

Joely wrote:I actually don't mind the design of this building at all. There seems to be quite a bit of glass aswell on the balconies etc. I'm not really sure what cor-ten steel looks like, but if it the brown sections of the building turn out to be a metalic copper material, it will look excellent IMO. I also love the blades on the roof.

Joely wrote: ooooh, hmm, I cant really picture what it's going to look like. From what I can gather it will look like a shipwreck . This building has the potenial to be something really cool and modern, or look like a rusty monstrosity from the 60s. I really hope it doesnt turn out like the latter. I guess its something different for a change. I'm getting so sick of that damn green glass!!