Progress issue three, February 2014
The Expression of Interest (EOI) process successfully run by Renewal SA has resulted in the announcement of CIC Australia Limited (CIC) as the preferred proponent for the development of the new residential and mixed-use residential precinct at Tonsley.
Renewal SA’s expertise and experience with brown field sites and joint venture structures ensured the tender was flexible enough to illicit a broad range of ideas from industry.
The comprehensive Renewal SA EOI campaign, which included extensive national advertising and industry engagement, resulted in numerous submissions from interested developers.Renewal SA will now partner with CIC to develop the master plan and project feasibility for the residential precinct at Tonsley to ensure all opportunities are maximised for future development of the site.
Renewal SA Project Director Vince Rigter said the master planning and project feasibility process will take around six to eight months to complete leading to a development deed being entered into by the end of the year.
At Tonsley, we’re particularly keen to ensure the unique opportunities that exist to work collaboratively with industry and education institutions are explored,” said Mr Rigter.
CIC has an outstanding track record in delivering innovative design, housing diversity and affordable housing as demonstrated at the award winning Lightsview joint venture.
CIC Chief Executive Officer, Col Alexander, said the opportunity to again partner with Renewal SA and DMITRE is a fantastic prospect.
“CIC has been developing in South Australia for the past 10 years and being chosen to partner with Renewal SA is another major achievement which reflects our ongoing commitment to the SA economy,” Mr Alexander said.
We will be working very closely with South Australia’s building industry to deliver innovative design and housing products across the project.
For more information on Tonsley visit tonsley.com
Renewal SA will shortly release a number of land parcels to the open market.
The land is surplus to the needs of other state government departments, and is being released under Renewal SA’s charter of managing land assets within a commercial framework on behalf of government.
The sites include:
- a 24 hectare site at Blakeview East comprising a 12 hectare portion for the development of a school and public space and a further 12 hectares for residential development
- the former 3.5 hectare Salisbury North West Primary School site, which is planned to be released for sale later this month
- the balance of the Fort Largs Police Academy (about 7 hectares), including the heritage listed Fort, which will go on the market in late April.
Current land available for sale
Currently, more than 18 hectares of surplus school sites across five locations are being offered for sale by Renewal SA. These are:
• Ferryden Park Primary School – 3.5 hectares
• Mannum Primary School – 2.45 hectares
• Smith Creek Primary School – 1.1 hectares
• Smithfield Plains High School – 8.8 hectares
• Smithfield Plains Junior Primary and Primary School – 3.7 hectares
For more information about these sites and selling agent contact details visit the land sales web page.
Recent land sales
Two surplus school sites in the south were sold in February. These are the former 3.5 hectare John Morphett Primary School and the 3.4 hectare former Morphett Vale West Primary School site.
The 7,322 square metre Somerton Park Dental Clinic and the 1,200 square metre Port Lincoln Fire Station are currently under evaluation.
Woodforde land release
A developer is expected to be contracted for the redevelopment of the former Youth Training Centre at Magill by mid-2014, following strong interest generated by a call for Expressions of Interest late last year.
Evaluation of submissions is currently underway, while demolition of the main buildings on the 19 hectare site on Glen Stuart Road, Woodforde is expected to be complete by the end of April 2014. The site, which represents the last remaining major tract of land within the prime eastern suburbs of Adelaide, will be developed into a large scale mixed density residential estate.
The Adelaide Hills Development Plan has been amended to introduce more contemporary residential zoning with greater density and diversity of housing including affordable housing.
Following the sale, the developer will prepare a plan to subdivide the land and develop housing allotments in accordance with the Development Plan for approval by the Adelaide Hills Council.
The first sale of allotments to the public is likely to occur from 2015. A range of lot sizes is anticipated.
The strong support of home buyers and the development industry means Bowden is shaping up well to redefine the way people live in the city.
The first residents at Bowden are due to move into their homes in a few months marking a major milestone in the evolution of the Bowden community.
To date, 137 apartments and terraces have been released by developers at Bowden with well over 100 already sold. In addition, 26 apartments have been retained by Unity Housing as rental properties for affordable key worker housing.
Thirteen live projects are now committed at Bowden including the recently announced Princes Foundation Project.
Currently there are 10 developers partnering with Renewal SA. They are Acdev, Rossdale, Systembuilt, Commercial & General, Buildtec and Unity Housing, Rivergum, Scott Salisbury, Emmett and Mossop.
Negotiations are also underway on a number of additional commercial and residential projects which are expected to be announced shortly.
The latest residential release at Bowden, a two-stage apartment project by respected local developers Commercial and General, saw 35 apartments released to the market in November 2013 with 23 already under contract.
This followed the successful launch of Loft on Seventh, a 29 apartment project by Systembuilt, with nearly half of the project selling in the first few weeks of release.
With strong demand for well designed, affordable apartment living at Bowden, Renewal SA recently executed a land sale contract with Emmett Properties for a site expected to yield a further 35 apartments for the project. Plans are also underway by Mossop for a project expected to yield around 40 apartments.
The investment in housing at Bowden is being matched by the investment in community amenities with the completion of Stage One public space.
In April, Renewal SA will be seeking Expressions of Interest for the head lessor and or developer for the Town Centre Stage 1. The Centre will be housed in a repurposed factory building and include retail shops and fresh produce markets married with retail, cafes, restaurants and community space.
Stage Two public realm design is about to commence and construction is anticipated to start in early 2015 and will be complete by mid-2016. Stage Two will include the completion of Bowden’s main street, Gibson Street, and the Bowden Village Park positioned in the town square.
In February, Renewal SA refreshed its marketing campaign for Bowden with advertising in print and outdoor media as well as digital mediums. The campaign is currently driving strong enquiry rates with significant increases to the Information & Sales Centre visitation, website and phone enquiries.
For more information visit lifemoreinteresting.com.au
The year has started well for Renewal SA with a number of key projects being delivered and announced.
- release of the Port Adelaide Precinct Plan
- appointment of South Australian property developer and construction company Qattro Built to master plan and develop a 2.1 hectare site at River Street, Marden
- development of a new infrastructure framework for northern growth areas
- site expansion at Lightsview to encompass the adjoining former Ross Smith Secondary School site
- announcement of CIC Australia Limited (CIC) as the preferred proponent for the development of the new residential and mixed-use residential precinct at Tonsley (see story above).