A NEW $100 million, 29-storey tower comprising 272 apartments and rising more than 94 metres into the city skyline could become Adelaide's tallest residential building, after a development application was lodged with South Australia's Development Assessment Commission.
The Eclipse project is proposed for a 1536-square metre site bordering Austin Street and Porters Lane on the northern edge of Rundle Mall. The project includes the transformation of the Renaissance Arcade into a retail and commercial hub across two levels and construction of a residential tower.
Jonathan McKenzie, the project director of the Sydney-based consortium behind the project, said Eclipse would emerge as a dynamic and vibrant addition to the Adelaide CBD. Subject to approval, construction is due to commence in 2016.
"The fundamentals that govern growth prospects in Adelaide, particularly in the City Centre Precinct, are compelling and include a reform of planning laws, the removal of height limit restrictions and increased infrastructure spending on projects such as Adelaide Oval," Mr McKenzie said.
"There is also a strong message coming from the Government of South Australia that the city is poised for growth and this makes Adelaide a compelling investment option."
Designed by architectural firm Elenberg Fraser, the Eclipse tower will include 272 apartments, comprising 56 one-bedroom apartments, 164 two- bedroom apartments and 52 three-bedroom apartments.
"We are very excited to make our first contribution to the Adelaide skyline," said Kim Lai from Elenberg Fraser.
"This project is an example of how we are introducing new technologies into the design process and using new tools to create beautiful and functional buildings."