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[VIS] Re: 274-275 North Terrace | Residential/Mixed Use | $450m
Posted: Mon May 26, 2025 1:42 pm
by AndyWelsh
Patrick_27 wrote:rev wrote: ↑Mon May 26, 2025 7:42 am
So Renew SA are demolishing this? Why? Has a development been approved?
I suspect it's an easier sell if the site is shovel ready. Personally I prefer an empty site as it leaves other option but to develop, God forbid they repurposed either building when it's a prime development site.
Note the “Developer Ready - break new ground” promo on the sign in the above photos.
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[VIS] Re: 274-275 North Terrace | Residential/Mixed Use | $450m
Posted: Tue May 27, 2025 12:26 am
by [Shuz]
Be a bit hard to kick the residents out, but the building next door would make for a very attractive development site as well.
[VIS] Re: 274-275 North Terrace | Residential/Mixed Use | $450m
Posted: Tue May 27, 2025 8:38 am
by Nort
[Shuz] wrote: ↑Tue May 27, 2025 12:26 am
Be a bit hard to kick the residents out, but the building next door would make for a very attractive development site as well.
The carpark with apartments on top? They're apparently quite nice apartments, be interesting to see if their value drops as all their views and sunlight gets blocked off, could end up being more viable.
[VIS] Re: 274-275 North Terrace | Residential/Mixed Use | $450m
Posted: Tue May 27, 2025 2:48 pm
by Patrick_27
Nort wrote: ↑Tue May 27, 2025 8:38 am
[Shuz] wrote: ↑Tue May 27, 2025 12:26 am
Be a bit hard to kick the residents out, but the building next door would make for a very attractive development site as well.
The carpark with apartments on top? They're apparently quite nice apartments, be interesting to see if their value drops as all their views and sunlight gets blocked off, could end up being more viable.
Something needs to be done about the commercial spaces at the base of the neighbouring buildings, other than Streetlight and the comic book shop, they’re in a really bad way. The laneways in this entire area should be pumping like Peel Street and yet they aren’t!
[VIS] Re: 274-275 North Terrace | Residential/Mixed Use | $450m
Posted: Fri Jun 13, 2025 1:27 pm
by AndyWelsh
Site looks to have been cleared.
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[VIS] Re: 274-275 North Terrace | Residential/Mixed Use | $450m
Posted: Fri Jun 13, 2025 2:22 pm
by Mpol02
Will this now just email vacant until something gets built in 5-10 years?
[VIS] Re: 274-275 North Terrace | Residential/Mixed Use | $450m
Posted: Fri Jun 13, 2025 2:52 pm
by gnrc_louis
Mpol02 wrote: ↑Fri Jun 13, 2025 2:22 pm
Will this now just email vacant until something gets built in 5-10 years?
Definitely for a while I’d guess - many such cases throughout the CBD, unfortunately.
[VIS] Re: 274-275 North Terrace | Residential/Mixed Use | $450m
Posted: Fri Jun 13, 2025 3:24 pm
by Mpol02
It’s trash.
I go back home and there are so many vacant blocks littered about the same. If something really big is happening on this site then it will take even longer for approvals to happen. And if something average is going up, knowing our track record, it’ll truly be trite
