Work nears on $9m development next the The Highway hotel at North Plympton
WORK on a $9 million apartment complex between the city and the beach will start early in the new year, its developer says.
Palmer Group director Martin Palmer said s tage one of the Anzac Highway, North Plympton, project included a four-storey apartment block made up of 24 two-bedroom and four one-bedroom apartments.
The group will retain the building to rent the apartments out for $300-$400 per week.
Mr Palmer said stage one would be complete at the end of 2016. It had previously been expected to start last year.
The building will go up at the western side of the group’s 20,000sq m site, which surrounds The Highway hotel on Anzac Highway.
Future stages of the project will include three more four-storey apartment blocks, offices and shops as well as a small park.
However, Mr Palmer said there were no plans to start future elements of the project at this stage.
“We’re only focusing on stage one at the moment,” Mr Palmer said.
He felt the project was finally coming together, after the group began buying properties in the area, starting with the Highway 11 years ago.
“It’s a good area because it’s extremely well serviced by public transport – the city is accessible, the beach is accessible,” he said.
“The tram is a minute away.”
The project was approved by the State Government’s Development Assessment Commission in December, 2013.
Source: Adelaide Now - Messenger, Amy Moran, 10th December 2015
