Built Environs have won a $90 million contract to build stage one in West Franklin, which is one of the largest urban regeneration projects ever undertaken in the Adelaide CBD.
Over 2,000 construction jobs will be generated during stage one of the $300 million masterplanned development, with over seventy subcontracting firms employed.
The first stage of West Franklin is located on the corner of Elizabeth and Franklin Streets and features 272 residential apartments spread across two towers (north tower is 20 storeys and the south tower is 18 storeys).
They both share a common podium comprising 1,100 square metres of retail on the ground level, resident facilities and car parking (236 spaces).
Residential facilities include a 20 metre lap pool, gym, spa, sauna, resident dining rooms, BBQ facilities, cinema, golf simulator and roof top bar.
Greaton Managing Director Nicho Teng, whose company was responsible for awarding the contract, said West Franklin is Greaton’s first major residential project in Australia.
“The company purchased the site from Adelaide City Council in 2014 and knew it had the potential to dramatically change Adelaide’s City West.
“Appointing the builder is a major milestone for the project, and Greaton is pleased to partner with one of Adelaide’s reputable builders to build this significant development.
“Built Environs is committed to safety, innovation and best practice building principles, backed by a strong parent company – McConnell Dowell Group which made them an obvious choice to build West Franklin. They will also be using innovative construction methodology – bubble deck which will result in a shorter construction phase,” he said.
“The 5,000 square metre West Franklin site was previously the home of Balfours, an iconic South Australian bakery.
“This area of the city has been dormant for many years. The commencement of construction in this area will not only activate West Franklin, but the entire precinct,” Mr Teng said.
West Franklin will create an entirely new destination within Adelaide’s City West. Situated on the corner of Franklin, Elizabeth and Morphett Streets, the lifestyle precinct represents the future of living in Adelaide and comprises 560 luxurious apartments and penthouses spread across four iconic towers.
Local Adelaide architects Brown Falconer led the exterior design and interior fit-out. The urban village precinct has been designed to meld with the historic fabric of the site. Its stylish glass, metal and stone exteriors are designed for the 21st century.
Construction is expected to start in April and stage one is due to be completed early 2019. Over 140 sales have been secured in stage one.