The 63-metre tall building received little attention when it gained development approval earlier this year, but is set to transform a key corner of the East End.
The “Monument” project will include 74 “luxury” apartments: 28 one-bedroom and 42-two bedroom apartments, and four three-bedroom penthouses.
It is a joint venture between Mark Ebbinghaus, an Adelaide ex-pat who is now the Singapore-based global head of real estate and industries banking for Standard Chartered, and Adelaide company C Projects.
The developers said the building’s design, by architects BDA and Adelaide-based TECTVS, will feature adjustable architectural screens on the facade, to produce a “unique movable mosaic” which combines influences from the parklands and Colonel Light’s layout for the city.
Director of C Projects, Stephen Connor, said the project would maintain and enhance heritage buildings on the corner site as part of the redevelopment.
“The project will also add significant employment and economic benefit for South Australia, with an estimated 110 jobs created in construction and a further 1100 jobs in the broader community,” he said.
Construction is expected to begin in 2018, he said, with completion by 2020. Registrations of interest are open now.
“Monument” is one of several new residential developments approved for the East End.
Around the corner in Frome Street, the 134-metre high hotel and apartment complex – Frome Central – is due for completion in 2019.
The favoured developers of the old Royal Adelaide Hospital site want to build more than 1000 apartments on the soon-to-be vacated piece of land.
Local News Matters
Media diversity is under threat in Australia – nowhere more so than in South Australia. The state needs more than one voice to guide it forward and you can help with a donation of any size to InDaily. Your contribution goes directly to helping our journalists uncover the facts. Please click below to contribute to InDaily.