Construction has started on the first apartments at the $400 million Glenside development, just five months after they went to market. Developer Cedar Woods has reported strong demand for apartments in Botanica, which is now 60% sold, a sign of the underlying demand for high-quality apartment living on the city-fringe.
Botanica, Adelaide’s first garden apartments, will be nestled within Glenside’s glorious grounds, surrounded by mature trees and opening-up directly onto Glenside’s first community park. It offers a desirable alternative to the hustle and bustle of CBD apartment living.
The six-storey Botanica will incorporate 77 one, two and three-bedroom apartments including ground floor apartments with private courtyards, and upper-level apartments with uninterrupted views towards the city and the Adelaide Hills.
Construction of the apartments follows work starting last year on the first town homes at Glenside, with the first residents set to move into their homes mid-year.
Mr Patrick Archer, Cedar Woods’ Chief Operating Officer said Glenside is rapidly taking shape with the first apartments and 61 town homes under construction, and the recent completion of the development’s first community park.
“Botanica has attracted a range of buyers including first home buyers who were able to gain an affordable entry into Adelaide’s tightly-held eastern suburbs”, said Mr Archer.
“Many of the young buyers in Botanica grew up in the area and have been able to stay living close to family and friends. This is valuable for building upon an existing established suburb.
“People are attracted to Glenside because we’re developing an integrated community within an existing highly desirable suburb. Buyers have primarily been owner-occupiers.”
To date, 48 architecturally-designed town homes and 44 apartments have sold at Glenside with prices ranging from $360,000 to $1.25 million.
Glenside will see the transformation of the 16-hectare site into a master-planned community with 1,000 new homes and high quality landscaped public spaces as well as walking and cycling trails. A perimeter walking path will link across Greenhill Road into the adjacent Victoria Park and into the city. New trees will be planted within the park to provide additional shade and complement the mature trees at the park’s edge.
Local firm Sarah Constructions have been appointed as the contractor for Botanica. Work on Botanica is due for completion in mid-2020.