Adelaide's Premier Development and Construction Site
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Yes, agreed on all points. Re the document though I didn't notice any consideration for the fact their road is a V8 supercar track for 4 days every year.Norman wrote: ↑Tue Jan 02, 2018 9:43 pmJust read the proposal, and it an excellent document, well put together. The penthouses look stunning, and, given the area, should fetch a nice price. I also like that the "normal" apartments below have a lot of natural light. My only concern is the tight ramps for the car parks, that's a bit too tight for me.
Theo Maras will build and move into a new $32 million tower in the CBD
http://www.adelaidenow.com.au/business/ ... 510b7d5a9d
HE led the transformation of Adelaide’s East End, and now one of Adelaide’s highest profile property developers has plans to build and move into a luxury apartment tower around the corner from where he made his name.
Theo Maras and long-time friend James Arsenikakis have lodged plans for a $32 million high-end development on the southeastern corner of the Hutt St and East Tce intersection.
Maras, who turns 70 in May, will move into the top floor penthouse of his first residential project — his final development in a distinguished career dating back to the 1970s.
“This is the last development that I, Theo Maras will be doing,” he said.
“People have told me that most pharaohs build their own pyramid and I suppose this is what’s going to be your pyramid.”
“I’m doing this for myself and my family — when we talk about top end spec we’re talking about top end spec, full stop.”
Maras’s penthouse will comprise four bedrooms and four bathrooms, an outdoor swimming pool and two outdoor living spaces.
Maras’s sister Lili and children Steve, Anthony and Joanne have also bought into the 16-level project, while the family of Mr Arsenikakis will take another four of the 38 apartments that will be built. They will range in price from $400,000 to $4 million.
“The European thing is you buy the best apartment in the best location,” Mr Maras said.
“It’s a jump to the East End, a jump to the mall, a jump to everything — it’s the only site with parklands frontage and with a northerly aspect.”
The 54 metre tower will feature a private roof garden for use by residents, while the ground floor will accommodate a high-end international cafe operator, Mr Maras said.
He said that unlike many other projects in the CBD, the premium offering would target the owner-occupier market.
“The market has been in my view inundated with investment units and I don’t think anyone has built high echelon residential like this,” he said.
“It’s easy to build something to be the best, but the challenge is to build something that will remain the best in ten to 15 years time.”
“I’d be absolutely stunned if we were to make any money out of the development but I’m happy if we can break even comfortably.”
A pre-lodgement agreement has been reached with the State Government’s Office of Design and Architecture, with the Development Assessment Commission to consider the proposal in February.
Construction is expected to commence by the end of the year with completion due in mid-2020.
Sounds like the wanker he's always been regarded asNathan wrote:Theo Maras will build and move into a new $32 million tower in the CBD
http://www.adelaidenow.com.au/business/ ... 510b7d5a9d
HE led the transformation of Adelaide’s East End, and now one of Adelaide’s highest profile property developers has plans to build and move into a luxury apartment tower around the corner from where he made his name.
Theo Maras and long-time friend James Arsenikakis have lodged plans for a $32 million high-end development on the southeastern corner of the Hutt St and East Tce intersection.
Maras, who turns 70 in May, will move into the top floor penthouse of his first residential project — his final development in a distinguished career dating back to the 1970s.
“This is the last development that I, Theo Maras will be doing,” he said.
“People have told me that most pharaohs build their own pyramid and I suppose this is what’s going to be your pyramid.”
“I’m doing this for myself and my family — when we talk about top end spec we’re talking about top end spec, full stop.”
Maras’s penthouse will comprise four bedrooms and four bathrooms, an outdoor swimming pool and two outdoor living spaces.
Maras’s sister Lili and children Steve, Anthony and Joanne have also bought into the 16-level project, while the family of Mr Arsenikakis will take another four of the 38 apartments that will be built. They will range in price from $400,000 to $4 million.
“The European thing is you buy the best apartment in the best location,” Mr Maras said.
“It’s a jump to the East End, a jump to the mall, a jump to everything — it’s the only site with parklands frontage and with a northerly aspect.”
The 54 metre tower will feature a private roof garden for use by residents, while the ground floor will accommodate a high-end international cafe operator, Mr Maras said.
He said that unlike many other projects in the CBD, the premium offering would target the owner-occupier market.
“The market has been in my view inundated with investment units and I don’t think anyone has built high echelon residential like this,” he said.
“It’s easy to build something to be the best, but the challenge is to build something that will remain the best in ten to 15 years time.”
“I’d be absolutely stunned if we were to make any money out of the development but I’m happy if we can break even comfortably.”
A pre-lodgement agreement has been reached with the State Government’s Office of Design and Architecture, with the Development Assessment Commission to consider the proposal in February.
Construction is expected to commence by the end of the year with completion due in mid-2020.
No, Citywatcher is right. Maras is an arrogant fucking wanker. To provide one example, he's the culprit behind the fact that the LeCornu site has remained empty for close to 30 years, he spent far too much time interfering with ACC decisions during both Bob Wallis' ownership of the site and early on during Makris' ownership. One can praise his efforts with the EastEnd, but that's about it.
You want to back any of that up with some evidence? Given the council DAP approved proposal after proposal, I doubt your assertion that interference with council decisions had one iota to do with Makris' inability to deliver.Patrick_27 wrote: ↑Fri Jan 05, 2018 2:32 amNo, Citywatcher is right. Maras is an arrogant fucking wanker. To provide one example, he's the culprit behind the fact that the LeCornu site has remained empty for close to 30 years, he spent far too much time interfering with ACC decisions during both Bob Wallis' ownership of the site and early on during Makris' ownership. One can praise his efforts with the EastEnd, but that's about it.