A $325m apartment and retail project in blue-chip North Adelaide is rising from the ground and on track to be finished by early 2025.
Developer Commercial & General says it has tackled “head on” an angry minority which had meant the site was idle for 34 years.
Rich Lister billionaire Con Makris gave up on his plans to develop the site six years ago and says the red tape and local council blocking generally in Australia is a ‘disgrace’.
Mt Barker in the Adelaide Hills is one of the fastest-growing regions in Australia but there’s transport infrastructure headaches as the population double.
A $325 million apartment and retail project is rising from the ground after 34 years of a prime site lying idle in Adelaide’s most notoriously anti-development suburb – proof that patience and persistence can triumph over NIMBYism.
Even Rich Lister billionaire Con Makris gave up six years ago after his own $250 million plans were blocked by the local council and powerful residents who wanted blue-chip North Adelaide – walking distance from the famous Adelaide Oval – to stay the same.
Loading...
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
