Work starts on long-awaited $40 million Highway Hotel pub apartment complex
WORK starts today on a long-awaited $40 million apartment and retail complex next to a popular suburban hub – it was first approved a decade ago.
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WORK starts today on the long-awaited apartment and retail complex next to Plympton’s Highway Hotel.
The first stage of the project – to be known as Residences on Anzac Hwy – is a $9 million, 28-apartment building called West Tower, on Elizabeth Ave.
Most of the rest of the $40 million project faces Anzac Highway and Marion Rd; it includes shops and a supermarket as well as 90 more apartments.
The development was first approved in 2007 but scaled back in 2013.
Developer and Palmer Hospitality Group director Martin Palmer said he was “thrilled to see this project coming to fruition”.
“This development has been several years in the making and during that time many things, including a fluctuating market and economy, have shaped and changed the plans of the project to ensure that the development will best serve the community,” Mr Palmer said.
“Overall, the changes have created a more sympathetic, smaller footprint project.
“The buildings are set back further from the road than initially proposed and we believe the result is a well-thought through mixed-use development.”
Once built, Mr Palmer will retain ownership of the apartments and rent them out at between $300 and $400 per week.
The five-storey tower in the first stage, is expected to take a year to build and create 75 jobs.
The whole development could take up to six years to complete.
A $2 million study into solving traffic issues on Marion Rd between Cross Rd and Anzac Highway is yet to star.
Prime Minister Malcolm Turnbull promised the money for the study during last year’s federal election campaign.
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