THE South Australian Government last week announced the appointment of a new developer to deliver more apartments for the $1.1 billion Bowden development, following the successful sell out of the first two apartment buildings.
Housing and Urban Development Minister Tom Koutsantonis said South Australian construction group Tagara Builders is expected to release a further 35 architecturally-designed apartments for off-the-plan purchase by mid-year.
"The Bowden development is shaping up as one of the most significant urban developments in South Australia's history so this is an exciting announcement for the project and Renewal SA," Mr Koutsantonis said.
Situated on the north-western edge of the Adelaide Parklands on the former Clipsal and Origin industrial sites, the Bowden development is South Australia's first large-scale, integrated urban development.
The development, which is being coordinated by Renewal SA, will eventually comprise more than 2,400 dwellings for approximately 3,500 new residents over 15 years within a vibrant, walkable community approximately 2.5 kilometres north-west of Adelaide's CBD.
Renewal SA Chief Executive, Fred Hansen, said construction activities at Bowden are progressing well, including the near completion of the first public park and walkable streets, which formally open this month.
"Bowden is really building momentum and demand continues to grow, which is why today we have released our fourth package of opportunities to the development and building industry," Mr Hansen said.
"Renewal SA have responded to market feedback and have created a simpler, more flexible approach for developers at Bowden, which ensures quality homes and multiple living options for the public."
Tagara Builders recently completed the award-winning UNO Apartments, a 17-storey apartment building at 102 Waymouth Street, Adelaide that combines affordable home ownership, affordable private rental, public housing and a homelessness service.