A group hailing from China is planning to develop what will be one of Adelaide’s tallest buildings in the form of a 22 floor residential tower.
Datong Australia has lodged a planning application for the $120 million development on the corner of Flinders and Pulteney streets in the Adelaide CBD.
“Datong intends to become a leading player in the development and rejuvenation of the Adelaide CBD” said Datong Australia chairman Jin Liang.
“We intend to partner with leading South Australian construction, engineering and design companies to ensure that 123 Flinders is of the highest quality and an asset to the city.”
Datong said Adelaide had great potential fort inner-city living and their 123 Flinders project would attract both investor and residents.
The developer said it regarded South Australia as a very economically viable environment for trade and business development.
123 Flinders will include 22 levels of residential apartments, offices, restaurants and leisure areas. The building was designed by Adelaide firm Pruszinski Architects.
“123 Flinders is what the next generation of city residents and investors are demanding,” said Paul Pruszinski.
“Our research was clear. There is a generation who are keen on city apartment living. However, that generation is not keen on the current stock of designs. They expect contemporary and innovative design to be at the centre of any building on offer.”
Apartments will start from about $300,000 up to $1.2 million ranging from 50 sq m to 85 sq m.
The project’s unique design has allowed more than 60 per cent of the residential units to be on the building’s corners.
Other features of the proposed development include a gym, pool, spa, cinema and three roof gardens complete with living trees and plants.
The development will also have four levels of office / commercial space and four levels of car parking.
The project will be split into two towers connected at the centre of the building.
The Australian-registered Datong will rely on investment from Australia and overseas to complete the project.
Datong’s directors include a list of successful property developers and real estate managers originally from Yunnan Province, China.
Datong is a combination of two Chinese words or concepts. “Da” means large or leading, while “tong” is a metaphor for a smoothened road.