Adelaide developer Palumbo is bringing a new look in urban city fringe living with its East Park development currently under construction in Kent Town.
Enviably positioned at 1 King William Street, Kent Town, East Park overlooks Adelaide’s famous parklands and Botanical Gardens.
The $70 million 11-storey development will consist of four buildings connected by protected open walkways.
The four tower design opens up space at ground level which will assist bringing the outside parkland environment into the development. A 500 sq m landscaped garden exclusively for residents and guests will be a feature.
The development consists of 98 one, two and three bedroom apartments and penthouses. There are also nine two-storey town houses which occupy the first two levels of East Park.
Secure parking is provided and facilities will include a residents' pavilion, cafe and gymnasium.
Pricing on remaining apartments ranges from $360,000 to more than $2million.
Located on the eastern edge of Adelaide’s city fringe East Park is strategically situated between the city and Adelaide’s leafy eastern suburbs, close to schools, the East End cultural and dining precinct, sporting facilities and the National Wine Centre. The CBD is within easy walking distance.
View towards Adelaide Botanic Gardens.[/caption]East Park was the first development to be approved under planning changes introduced by the SA State Government in 2013 lifting height limit restrictions. A new 36-metre height limit is in place for the precinct.
Palumbo managing director Daniel Palumbo told The Advertiser, “City fringe living is popular in major cities all over the world and with Adelaide again voted one of the most liveable cities in the world, East Park is a proposition that will attract a lot of interest from buyers,” he said.
Established over 25 years ago, Palumbo is a family owned development and construction company with a diversified project portfolio including commercial and residential projects.
East Park is scheduled for completion in mid-2017 with construction also being undertaken by Palumbo.