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Bowden is moving forward with 500 homes sold and new developers on the block
26 Apr 2017
The Bowden Project has achieved a major milestone reaching 500 homes sold, as well as announcing the construction of new townhouses and apartments.
A new South Australia consortium comprised of Arcadian Projects and Leyton Funds Management will construct its first residential project at the award-winning city fringe development.
The consortium was successfully selected through an expression of interest to purchase the 2,400-square-metre parcel located on Gibson Street.
The site is earmarked to house 50 to 60 dwellings comprised of contemporary townhouses and apartments with on-site parking.
The design concept for the development draws inspiration from the industrial origins of the Bowden area, and blending seamlessly with a contemporary feel focussing on light and space. This new development will have magnificent views across the Bowden Town Square.
The residential development will exemplify excellence and innovation that will meet 5-Star Green Star principles of sustainability contributing to making Bowden a green and vibrant community.
As a developer of medium and high-density residential properties, Arcadian Projects is a design led developer with a strong focus on sustainability initiatives to benefit the homeowner.
Arcadian Projects estimates that up to 100 workers will be on the site at the peak of construction. The construction is expected to take 18 months.
Background
Just 2.5km from the Adelaide CBD, Bowden offers a unique opportunity for developers and design teams to join the exciting project that is setting new standards in urban revitalisation.
Bowden is re-emerging as a vibrant inner city destination. It mixes the past with the future, blending history, culture and sustainability into a smarter way to live.
Over 300 homes have been built across eleven apartments and terrace developments and now 500 homes have been sold since the project started in 2012.
The Bowery apartments were recently completed. The Bowery is a seven-storey, 54-apartment development with medium-density housing and meets 5 Star Green Star principles of sustainability.
The new 5,000 square-metre central park in the heart of Bowden features public art, picnic facilities, interactive play and water elements for the community. As well as a boutique IGA supermarket, speciality shops and regular markets in Plant 4 adding to Bowden’s vibrancy.
The former Clipsal and Origin Gasworks site will be home to approximately 3,500 residents in more than 2400 homes, equating to about $740 million in private investment.
Quotes attributable to:
Alicia Davidge, Bowden Project Director, Renewal SA
Reaching the milestone 500 homes sold is an amazing achievement and illustrates the strength of the city fringe project.
Bowden continues to attract new developers to build homes for people who are flocking to live in the State Government’s flagship development.
Bowden is becoming an exciting integration of contemporary building and design innovation, adding to an already established community rich in culture and history.
Bowden will serve as a model for urban renewal and inner city living for years to come.
Warwick Mittiga, CEO, Arcadian Property
We are very excited to be developing the next phase of Bowden in partnership with Renewal SA.
The success achieved to date at Bowden is a great tribute to the State Government which has created a fantastic residential address and a thriving new community.
Our Bowden development will deliver the best of the Arcadian Projects’ ethos to focus on high quality architecture, contemporary interior design and sustainable innovation.
The site at Gibson Street was particularly attractive to us as it afforded us the opportunity to deliver a range of alternative homes including both apartments and townhouses.