Adelaide apartments knocked back but Karidis retirement high-rise approved

Published on

An apartment building that was set for Glenelg North, 10km SW of Adelaide CBD has been rejected because it was too tall — at the same time as a seven-storey retirement development off Jetty Rd was given the green light. 

The Karidis Corporation has been approved by the State Commission Assessment Panel to expand their Bay Waters retirement village in Durham St with a new apartment building and the restoration of a heritage-listed building on the block.

The $12.8M Karidis development will include 48 serviced apartments and 14 standard apartments, as well as a common community area for residents on the top floor.

It will be built on what is currently a carpark.

Karidis Retirement Villages is the specialised retirement arm of the family-owned and operated Karidis Corporation – one of SA’s most established parking station and property development organisations.