23 Jul 2016
A unique retail and community hub and a new apartment building fronting Park Terrace are among the latest projects planned for the award-winning Bowden development on the fringe of the CBD.
The Ceres Market Shed Group, which operates the Market Shed on Holland, was selected through an expression of interest to purchase Plant 3 – a former Clipsal warehouse.
The 1122sqm warehouse is planned to house an auditorium, arts hub gallery, a microbrewery or distillery and retail shops.
Plant 3 construction works could generate up to 20 full time jobs with ongoing employment for about 20 people once completed.
The group is also finalising works on an adjacent former industrial warehouse, the 2000sqm Plant 4, with a boutique IGA supermarket to open within weeks, followed by specialty shops and markets, to make it the heart of Bowden’s new retail precinct.
Meanwhile Sydney-based developer Toplace has purchased a Park Terrace site with plans to build a six-storey, high density apartment building.
Toplace plans to team up with local architect Tom Vartzokas to build boutique apartments with uninterrupted views over the parklands.
Almost 250 homes have been built at Bowden across eight apartment and terrace developments and more than 400 homes have been sold since the project launch in 2012.
Once complete the former Clipsal and Origin Gasworks site will be home to about 3,500 residents in more than 2400 homes, equating to about $740 million in private investment.
Renewal SA has agreed to sell Plant 3 to the Market Shed group, which is also leasing the adjacent Plant 4 site. Staged refurbishment works for Plant 3 are expected to begin early next year, after design and planning approvals.
The Toplace development will be designed for a 5-Star Green Star rating and about 15 per cent of the project is expected to be affordable housing.
This is a great outcome for Bowden, with the highly regarded team behind the Market Shed on Holland working on an even bigger canvas to offer a range of South Australian food, wine, produce, arts and craft, music and retail.
Renewal SA had a great response to the expressions of interest for Plant 3, demonstrating the enthusiasm for ideas that will benefit the local community and the Bowden precinct more generally.
The range of community uses planned by The Ceres Market Shed Group will complement Plant 4 and become a drawcard for South Australia’s higher density urban infill site at Bowden.
These projects are yet more examples of the Government building South Australia by encouraging private development and investment to create jobs for South Australians.
What an incredible opportunity we now have at Bowden.
By purchasing Plant 3, we can now restore and enhance our neighbouring building. This enables us to fully integrate and connect both Plant 3 and Plant 4 spaces and incorporate crossovers between businesses, ideas, functions, entertainment and experiences.
We will be very mindful while developing this site to engage and complement the uses of Plant 4 whilst still creating a separate and unique identity for Plant 3. Our focus will remain on our 5 Star Green Star rating and delivering all the initiatives this requires.
Our developments have a strong focus on environmental sustainability, as well as being rich in style, high in quality and exceptional in value, which all made Bowden an ideal fit.
South Australia’s property market is maturing, with homebuyers looking for new options, and this helped us decide that it was the right time to invest here.
We’re anticipating a great response to our apartments on Park Terrace and hope they are the first of many more projects in South Australia.