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Topic - Developments

The $100M development adjacent to Adelaide’s famed Markets precinct is a revolutionary mix of services in one tower, including the not-for-profit’s first retirement village, which takes up the top six floors.

Aug 06 2019 Updated May 3, 2023

The Weekly Source

1 min read

Chief Executive Simon Schrapel explained the objective was to have a genuine community that can – and should – accommodate everyone.

The tower includes:

41 retirement village apartments
21 purpose-built disability apartments (1 to 2 bedrooms)
a short stay hotel for people living with a disability (18 apartments: 1 to 3 bedrooms)
2500 m² of commercial office space now let to the law firm Finlaysons
200 seat conference facility
bars, coffee shops, delicatessen

The building is Green Star Six rated.

Village apartment sales are ahead of schedule with 24 of 41 committed, at prices of $400,000 for one bed to around $850,000 for three bedrooms.

Schrapel tells us the success of the development means they are positively assessing developing a similar block immediately next door.

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