Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Kiwi firm gets the go ahead for $100m development


Kiwi architecture firm gets the go ahead for $100m luxury development

Ignite Architects has had 88 O’Connell Street, a major project in North Adelaide approved for construction by the South Australian Government.

Ignite Architects managing director, Jeremy Whelan says the $100m Makris Group development will be a signature project for the New Zealand based firm.

“We won the work for our unique design and understanding of the site, applying learnings from local projects that the other competitors failed to solve. This is a significant project for Ignite which we will be running out of our Auckland and Sydney offices,” he says.

The mixed use residential and retail streetscape design is a new concept for Adelaide and is expected to attract tourists and new residential apartment owners to the area with its high end retail offering.

The O’Connell Street site has languished as a vacant lot for the past 20 years and will soon boast an 8,000 square metre six story retail street scape with 52 high quality apartments, to be valued between $1.5 and $4m each.

Ignite Architects has been involved in this project with Makris Group for four years, negotiating with local council for development approvals. Approvals failed after three years of negotiations due to council rejecting its own proposed planning rules change and the Makris Group applied to have the O’Connell Street development declared a major project by the State Government.

Major project development status was awarded in May 2007 and allowed the developer to deal directly with the Department of Planning, overriding local council. State Government gave final approval to Makris Group for its development in September 2008.

Ignite is now progressing with delivery of the proposal, developing the design and documentation to comply with state regulations, over the next 12 months. Ignite will also oversee construction, which is planned to be completed within three years.

This mixed use development will be resourced across the retail and residential teams at Ignite Architects and will be project managed by Jeremy Whelan, managing director and Peter Harrison, director who leads Ignite’s Sydney office.

The project is part of Ignite’s long term strategy to connect with clients on both sides of the Tasman.

-ends-

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Transport: Successful Bridge Repair Opens Two Additional Lanes To Traffic

The opening of two additional lanes on the Auckland Harbour Bridge this morning will help relieve some motorway congestion for motorists heading home to the North Shore tonight. More>>

ALSO:

Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>

ALSO:

Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>

ALSO:

MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>

ALSO:


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>

ALSO:


University Of Auckland: Whale-Watching By Satellite – Follow Their Travels Online

Scientists have successfully attached satellite tracking tags to six New Zealand southern right whales, or tohorā, and are inviting the public to follow the whales’ travels online. Part of a major research project involving the University of Auckland ... More>>

Commerce Commission: Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million

Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems. In a settlement dated 27 August 2020, Kiwibank admitted that ... More>>

Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>

ALSO:

NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>

ALSO:

Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>

ALSO: