Interstate consultants appointed for Franklin Street towers project
The state government has named the consultants chosen for the former Franklin Street bus terminal development featuring twin towers, a hotel and hundreds of apartments.
Melbourne-based HIP V. HYPE have been selected to develop the sustainable strategy for the project, which will feature a 26-storey building, nearly 400 new apartments and a hotel.
The 6850 square metre council-owned site has been largely vacant since 2008 and is currently used for car parks, electric vehicle chargers and a community space run by Conservation SA.
HIP V. HYPE call themselves an “ethical, socially conscious and environmentally focused property developer, sustainability consulting practice and work share provider”.
According to its website, this will be the first project HIP V. HYPE will be involved in outside Victoria.
111-129 Franklin Street. Photo: Tony Lewis/InDailyFounder Liam Wallis said the Franklin Street project was “city shaping”.
“The opportunity to reshape a city doesn’t come along very often and it’s an opportune time in the market cycle to implement such a plan,” he said.
“HIP V. HYPE is excited to be working with the state government to help guide the vision, framework and strategy to position this development as the sustainability benchmark for future development in the City of Adelaide.”
The sustainability strategy from HIP V. HYPE is expected to be completed by December 2024. Construction will not begin until the Market Square development is complete.
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The proposed redevelopment, named Tapangka (Kaurna for “the experience of the journey”), will feature 392 apartments, a 208-room hotel, civic centre and commercial/office space housed within a 26-storey west tower and an 18-storey east tower.
Planning Minister Nick Champion said the government would “transform the former bus station site from an old bitumen carpark into a green and affordable community hub”.
“The project is expected to deliver huge economic benefits generating more than 1300 jobs during construction and contributing more than $161 million of Gross Value Add to South Australia,” Champion said.
