Decision on Theo Maras’ 54-metre, $32m CBD development deferred

HIGH-profile Adelaide property developer Theo Maras’ final project is edging closer to getting the green light, despite a ruling on it being deferred by the State Commission Assessment Panel.

Theo Maras' $32 million apartment project on the corner of Hutt St and Bartels Rd

HIGH-PROFILE Adelaide property developer Theo Maras’ final project is edging closer to getting the green light, despite the State Commission Assessment Panel deferring its decision.

Mr Maras’ $32 million high-end development on the southeastern corner of Hutt St and East Tce was recommend to be approved at Thursday’s SCAP meeting.

But it was deferred for the panel to consider some additional information provided by the applicant.

Mr Maras has teamed up with long-time friend James Arsenikakis for the 38-apartment development.

The additional information concerned a small encroachment issue with the plan.

Mr Maras told the Advertiser he believed the project was progressing smoothly.

“I’m very happy with the process,” he said. “I think it has been very good and very open.”

The final development — and the first residential one — by Mr Maras will see him together with his wife Helen moving into the top-floor penthouse of the tower.

It lies just around the corner from the East End where he made his name.

At 53.9m, the tower far exceeds the maximum height of 22m prescribed for the Capital City Zone.

But in the agenda for the meeting, SCAP consultant planner David Barone said the height of the proposal was justified by its design and its relationship to the area.

Also deferred at the meeting was an application by Starfish Developments to turn six allotments into 353 at a prime Port Adelaide location.