A vacant block in Adelaide’s CBD that has sat empty for 20 years has been acquired by
Starfish Developments for a new residential apartment project.
Situated at the intersection of Morphett Street, Whitmore Square and Wright Street, the 1,950 square metre site is within walking distance of Gouger Street, Riverbank precinct and the heart of the CBD.
The acquisition follows the success of Starfish’s joint venture on
Vue on King William, a 26-storey residential building also in Adelaide’s CBD.
The Whitmore Square project will reflect the rising interest in apartment living in the city.
“The South Australian apartment market is maturing and we’re determined to support its development by continuing to raise the bar with well located, well designed and sensibly priced projects,” said Starfish Developments Managing Director Damon Nagel.
Starfish has announced
Woods Bagot to design the new Whitmore Square project, having worked previously with architect.
According to The Advertiser, Starfish expects to lodge a development application before the end of the year with marketing expected to commence in the first quarter of next year.
Knight Franks’ Tony Ricketts and Guy Bennett managed the sale.
Starfish Developments’ other projects in the pipeline include two projects in St Clair, on Chestnut Crescent, and on Avenue. Both of which have fully sold.
