Construction begins on $70M green apartment & office tower
Construction of Adelaide's most innovative residential and commercial development is set to begin in June with the commencement of demolition works.
The 19-storey, $70 million Conservatory on Hindmarsh Square apartment and office complex – Adelaide's first "green" high-rise apartment building - will be built on the former RAA site on the corner of Hindmarsh Square and Grenfell Street. More than 60 per cent of the apartments are now sold.
The complex will comprise four floors of above-ground parking and five of high-quality office space, while the top nine levels comprise luxury residential apartments. Conservatory on Hindmarsh Square is a joint venture between leading Adelaide developer the Hines Property and ASX listed international investment and advisory firm Babcock and Brown.
The first phase of the work involves the demolition of the RAA office building at the corner of Grenfell Street and Hindmarsh Square. The heritage building which contains the Conservatory sales and information centre will be retained and restored. The demolition work is expected to take about two months.
Hines Property Director Mr James Hines said the Conservatory on Hindmarsh Square would combine eco-friendly features with a dramatic design and set a new environmental benchmark for Australian residential buildings.
The building has a solar cell "spine" from Level 10 on the north façade and solar cell cladding over the Grenfell Street office entrance. The building incorporates just 53 luxury apartments, starting at Level 10, which are equipped with energy and water-efficient appliances, double-glazed windows, extensive cross-ventilation, efficient lighting and living areas much larger than most city apartments.
"Conservatory has been designed for Adelaide's seasonal and environmental conditions and targets a 50 per cent reduction in energy use by apartments and a 50 per cent reduction in greenhouse gas emissions, 51 per cent reduction in water usage and a 40 per cent reduction in waste to landfill," Mr Hines said.
"When we began planning this development our environmental targets did not mean much to the wider market, but such issues are now in everyone's minds. The unique design and inclusions have certainly helped this development outperform the market."
The apartments are equipped with energy and water efficient Miele appliances including dishwashers, double glazing, extensive cross ventilation, highly efficient lighting and water fixtures. In addition, the apartments utilise rain water collection for toilet flushing, are provided with free hot water from the onsite micro turbine and can access solar power generated on-site.
Since its release to the public last July, Conservatory has attracted enormous interest from buyers keen to secure a home in what will be the first building of its kind in Australia.
Remaining apartments range from 81 square metres to over 240 square metres, and are priced from $495,000 to $1.2 million.
The development also includes two penthouses which include expansive private rooftop gardens.