The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FIRST RELEASE TICKETS ON SALE FOR URBANITY-25 THE UNMISSABLE EVENT FOR PROPERTY PROFESSIONALS IN THE ASIA PACIFIC
FIRST TICKETS ON SALE FOR URBANITY-25 UNMISSABLE FOR PROPERTY PROFESSIONALS
SEE DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ResidentialStaff WriterMon 02 Jun 14

Adelaide's tallest building Vue on King William defies soft SA unit market

TUD+ MEMBER CONTENT
U
SHARE
print
Print

84 apartments have sold at

Vue on King William, Adelaide’s tallest residential building following the first week of the project's launch.

The joint venture between

Starfish Developments and

Asian Pacific Group sold more than $31 million of property with strong interest, representing 41% of the project and sales predicted to continue over the next few weeks.

The apartments have sold to a mixture of owner occupiers and investors including a number of first home buyers.

Vue is the first major apartment project to be taken to the market in Adelaide after being one of the first to use the State government’s pre-lodgement service designed to streamline the Development Application process.

Starfish Developments Managing Director Damon Nagel said the response from buyers endorses our decision to create a landmark building which would set a new residential design benchmark for Adelaide’s CBD.

“Despite Adelaide’s reputation for being slow to embrace change, Vue proves that being a bit brave and bold can work and people will support you,” said Mr Nagel.

“Many of the buyers at Vue are planning to move into the city from the suburbs as a result and the building will be home to a mix of young professionals and empty nesters looking to downsize and enjoy a low maintenance city lifestyle.

“Buyers are attracted by Vue’s location on the edge of the southern parklands and being within walking distance or a short tram ride of the Riverbank precinct and the new Adelaide Oval.”

The population of Adelaide’s CBD is growing with the number of people living in the city rising by 3.2% to 15,000 in 2013, according to the latest figures from the Australian Bureau of Statistics (ABS).

Last year’s growth makes Adelaide the fourth fastest growing suburb in South Australia with an additional 470 residents now in the city compared to 2012. On completion, Vue will add around 350 new residents to the city’s population.

Designed by Woods Bagot, alongside Design Architect Enzo Caroscio and a South Australian team, Vue on King William will incorporate 205 apartments with a maximum of 10 apartments on a single level.

The apartments are predominately one and two bedroom with a single Penthouse level featuring 4 three bedroom penthouse apartments.

Vue will bring a new style of residential architecture to Adelaide with its 5 level podium, recessed level 6 roof top garden, pool deck and recreation centre and 21 level glass frontage.

Detailed plans for 600 square metre private recreation space on level 6 are underway and are being inspired by Sydney’s The Ivy.

Work will commence onsite in July.

  

ResidentialAustraliaAdelaideMarketingSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
MONARK co-founders Michael Kark (CEO) and Adam Slade-Jacobson (CIO)
Exclusive

Finding the Sweet Spot: How Monark Built its $2bn Property Empire

Leon Della Bosca
6 Min
Exclusive

Sydney’s Fear of Heights Holding Back Housing

Vanessa Croll
6 Min
North Melbourne Craigieburn HB Land EDM
Exclusive

Tribunal Finding Cruels 1000-Home Melbourne Plan

Clare Burnett
5 Min
Roseville Hycorp EDM
Exclusive

Ku-ring-gai TOD Backflip Slashes 1500 Homes from Under-Way Developments

Clare Burnett
7 Min
Exclusive

Housing Fix Sprint Begins with New Top Planner Pushing 13 Regional Plans

Phil Bartsch
8 Min
View All >
Labrador Midrise Whiting Street DA hero
Residential

Labrador Scheme Joins Gold Coast Midrise Surge

Phil Bartsch
Clarke Hopkins Clarke's rendering of the clubhouse for Levande's Highton seniors living project in Geelong.
Retirement & Aged Care

Seniors Living Plan Revealed for Former Geelong Van Park

Marisa Wikramanayake
Indroo Verso 53 Coonan Street DA hero
Development

Tower Pitched as Brisbane’s Inner-West Regains Steam

Phil Bartsch
The proposal rising 20 storeys and comprising 119 units is part of a renewed vanguard pushing residential density to new…
LATEST
Labrador Midrise Whiting Street DA hero
Residential

Labrador Scheme Joins Gold Coast Midrise Surge

Phil Bartsch
2 Min
Clarke Hopkins Clarke's rendering of the clubhouse for Levande's Highton seniors living project in Geelong.
Retirement & Aged Care

Seniors Living Plan Revealed for Former Geelong Van Park

Marisa Wikramanayake
2 Min
Indroo Verso 53 Coonan Street DA hero
Development

Tower Pitched as Brisbane’s Inner-West Regains Steam

Phil Bartsch
3 Min
MONARK co-founders Michael Kark (CEO) and Adam Slade-Jacobson (CIO)
Exclusive

Finding the Sweet Spot: How Monark Built its $2bn Property Empire

Leon Della Bosca
6 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/adelaides-tallest-building-vue-on-king-william-defies-soft-sa-unit-market