&nbsp;

Urban&#39;s three favourite things about Penny Place:

<ul>
	<li>​​​​Spacious and thoughtfully designed apartments with seamless indoor to outdoor flow.</li>
	<li>Uninterrupted city views and generous balcony sizes.</li>
	<li>A chic design surrounded by everything quintessential Adelaide.</li>
</ul>

Designed by award-winning architects, Woods Bagot, and developed by the Flagship Group, Penny Place rises above the bustling laneways and streetscape of Adelaide&#39;s CBD. 
The building will reach a height of 23 floors and consist of 152 extremely spacious and designer&nbsp;one and two-bedroom apartments with generous sized balconies.

As well as extraordinary, panoramic views across Adelaide, every apartment offers a separate internal laundry, and an elegant full-width balcony blending seamlessly off the living areas through the stunning floor to ceiling, large double sliding glass doors. In the kitchens, flawless quality persists with Caesarstone kitchen bench top&#39;s, Bosch cooktop and oven, Fisher &amp; Paykel dishwasher and feature LED strip lighting in the kitchen. 
 
These designer apartments are stylish and well-considered with warm, spacious open living and floods of natural light beaming through floor-to-ceiling windows.

Located within walking distance of the Central Markets, cafe&#39;s, restaurants and bars, you&#39;ll find the true Adelaide experience right outside your front doorstep. 
Penny Place is in the privileged location overlooking the vast expanse of the city and its green wedges with uninterrupted views in every direction. Speaking of greenery, find yourself within walking distance of three major green squares of the city. 
 
Head down to Hurtle Square for a picnic under the trees and some solitude amidst the inner city or alternatively Whitmore Square to the West if you love park life but also want some leisure, take advantage of the basketball/ multi-purpose courts. Victoria Square is around the corner with access to Adelaide&#39;s tram line. Victoria Square brings you access to the best festivals the city has to offer and open air markets surrounded by city life and stunning water fountains. Penny Place is in the prime spot to make you feel welcome at home.

Builders Maxcon, who have been responsible for some incredible construction projects across Australia, will have the building completed by September 2021.

Urban's three favourite things about Penny Place:

<ul><li>​​​​Spacious and thoughtfully designed apartments with seamless indoor to outdoor flow.</li>
	<li>Uninterrupted city views and generous balcony sizes.</li>
	<li>A chic design surrounded by everything quintessential Adelaide.</li>
</ul>Designed by award-winning architects, Woods Bagot, and developed by the Flagship Group, Penny Place rises above the bustling laneways and streetscape of Adelaide's CBD. 
The building will reach a height of 23 floors and consist of 152 extremely spacious and designer one and two-bedroom apartments with generous sized balconies.

As well as extraordinary, panoramic views across Adelaide, every apartment offers a separate internal laundry, and an elegant full-width balcony blending seamlessly off the living areas through the stunning floor to ceiling, large double sliding glass doors. In the kitchens, flawless quality persists with Caesarstone kitchen bench top's, Bosch cooktop and oven, Fisher &amp; Paykel dishwasher and feature LED strip lighting in the kitchen. 
These designer apartments are stylish and well-considered with warm, spacious open living and floods of natural light beaming through floor-to-ceiling windows.

Located within walking distance of the Central Markets, cafe's, restaurants and bars, you'll find the true Adelaide experience right outside your front doorstep. 
Penny Place is in the privileged location overlooking the vast expanse of the city and its green wedges with uninterrupted views in every direction. Speaking of greenery, find yourself within walking distance of three major green squares of the city. 
Head down to Hurtle Square for a picnic under the trees and some solitude amidst the inner city or alternatively Whitmore Square to the West if you love park life but also want some leisure, take advantage of the basketball/ multi-purpose courts. Victoria Square is around the corner with access to Adelaide's tram line. Victoria Square brings you access to the best festivals the city has to offer and open air markets surrounded by city life and stunning water fountains. Penny Place is in the prime spot to make you feel welcome at home.

Builders Maxcon, who have been responsible for some incredible construction projects across Australia, will have the building completed by September 2021.

Penny Place - 17 Penny Place, Adelaide

Kodo Apartments - 33 Angas St, Adelaide

Kodo Apartments - 29 Angas Street, Adelaide

Sunday Coventry Apartments - 63-75 Coventry Street, Southbank

Adelaide has continued to lead the property bounce back with a momentum even greater than that of Sydney and Melbourne.

The overwhelming majority of Adelaide is seeing soaring&nbsp;property price growth with experts like&nbsp;REISA chief executive Barry Money describing&nbsp;it as&nbsp;a &quot;mini-boom&quot;.

And there is no sign of it stopping with interstate investor interest continuing to pick up, especially as Adelaide rose&nbsp;to be the third most liveable city in the world according to the&nbsp;latest Economist Intelligence Unit&rsquo;s survey.

Prices in the South Australian capital are predicted to&nbsp;rise by 10 per cent this year alone,&nbsp;according to Hotspotting&#39;s Terry Ryder, making now the time to enter the city&#39;s growing&nbsp;property market.

Urban took a look at some of the best apartments on offer across&nbsp;South Australia&#39;s capital:

<h2>The Adelaidean</h2>

Address: 27 Frome Street, Adelaide&nbsp;SA 5000

[smartcode_project:default project_id=6082 project_image_fid=37152]

One can&#39;t talk top Adelaide apartment living without first talking about The Adelaidean, the CBD&#39;s&nbsp;tallest residential tower.

With uninterrupted views across the city and beyond, it was developed by&nbsp;Adelaide&#39;s own Kyren Group.&nbsp;Designed by&nbsp;Brown Falconer, the development comprises just&nbsp;88 one, two and three bedroom residences across 37 levels

The tower is within walking distance to some of Adelaide&rsquo;s best parklands within and surrounding the CBD, the busy world of Rundle Mall with gyms, cinema, art, theatre and&nbsp;shopping at your doorstep as well as major dining precincts offering cuisines of the world.

The Adelaidean is offering convenience and preferenc&nbsp;by allowing buyers to customise their&nbsp;own apartment&nbsp;with a wide range of finishes across living, kitchen and bathroom spaces to choose from. Each feature has been meticulously designed to match the cityscape seen&nbsp;through the floor-to-ceiling windows.

<h2>Penny Place</h2>

Address: 17 Penny Place, Adelaide SA 5000

[smartcode_project:default project_id=9286 project_image_fid=77623]

Penny Place is similarly one of the top apartment developments on Urban and with design by the&nbsp;award-winning architects, Woods Bagot it&#39;s no surprise.

Developed by the Flagship Group, Penny Place rises above the bustling streetscape of Adelaide&#39;s CBD reaching a height of 23 floors and consisting of 152 designer apartments.

Taking advantage of their height in a similar manner to The Adelaidean every one of the one and two-bedroom apartments feature a sizable balcony to take in the panoramic Adelaide views.

Builders Maxcon, who have been responsible for some incredible construction projects across Australia, will have the building completed by September 2021.

<h2>East End</h2>

Address:&nbsp;293-297 Pirie Street, Adelaide SA 5000

[smartcode_project:default project_id=6087 project_image_fid=24430]

Unlike the previous two projects, East End is a completed project from the hands of Wellstone, with construction&nbsp;handled by Hindmarsh.&nbsp;

The development is comprised of 140 modern architectural apartments situated at the heart of the east end of Adelaide City.

Many of the homes in East End provide&nbsp;360-degree panoramic cityscapes in a tower&nbsp;surrounded by parklands, botanical gardens, and all the famous restaurants located nearby. Education-wise, Adelaide botanic high school and the University of Adelaide just a minute from your door.

The 16 storey building is&nbsp;60m to Hutt Street,&nbsp;350m to Rundle Street located close to a number of transport options.

<h2>Realm</h2>

Address:&nbsp;9-19 Austin Street, Adelaide SA 5000

[smartcode_project:default project_id=6083 project_image_fid=24425]

Realm Adelaide boasts luxurious amenities and architectural design, delivered by Sydney-based developer Parallel Property and designed by Elenberg-Fraser.

Completed the year prior to&nbsp;East End, it towers above much of the city at 132 meters tall, bringing quality apartment living&nbsp;to Adelaide&rsquo;s central business district.

The slimline and stylish tower rises above the historic Assay House which was built in 1858 and used by local Gold prospectors. It has since restored and features a ground level bar and restaurant.

Level 8 features a CrossFit Gymnasium, a 25-metre outdoor swimming pool, hot tub, change rooms, billiards room, dining room, indoor dining area and outdoor entertaining with BBQ facilities and lounges.

Level 39, an exclusive area accessed by residents on Level 21 and above, features a Wellness Centre with a yoga studio, massage facilities, sauna, steam room, hot tub alongside a large entertaining deck with cabanas, BBQ facilities as well as a dining room and meeting area.

The overwhelming majority of Adelaide is seeing soaring property price growth with experts describing it as a "mini-boom," that isn't running out of steam any time soon

jordan_55689

Adelaide's best apartments on Urban

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The Penny Place display suite encapsulates the essence of what buyers want in a brand new apartment - sophisticated, low maintenance and high quality. Recently, Urban was invited to take a tour of the display suite, to find out what the apartments would look like upon completion. We were impressed by the attention to detail, quality of fittings and intuitive open plan layout of the living areas.

Check out our video tour:

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/ieBZfmQWM_4" width="660"></iframe>

<h2>PENNY PLACE AT A GLANCE </h2>

Developer: <a href="https://www.urban.com.au/developers/flagship-group">Flagship Property Group</a>

Architect: <a href="https://www.urban.com.au/architects/woods-bagot">Woods Bagot</a>

Location: 17 Penny Place, Adelaide SA 5000

Number of apartments: 152

Construction slated for completion: Jul 2021

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/penny-place-17-penny-place-adelaide-0a5e6f4c2e4162e6bbde198a77d12c90.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="512" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/penny-place-17-penny-place-adelaide-0a5e6f4c2e4162e6bbde198a77d12c90.jpg?itok=Y7tA6qGc" width="580"></a></figure>Designed by the award-winning architects at Woods Bagot, Penny Place is set to become a popular new apartment development in the heart of <a href="https://www.urban.com.au/new-apartments/adelaide-sa">Adelaide</a>, with unrivalled views and intuitive floor plan layouts.

Penny Place kitchens have been designed with culinary enthusiasts in mind. Featuring a Bosch gas cooktop and oven, Fisher and Paykel dish drawers, LED strip lighting and stunning Caesarstone benchtop, residents will love preparing meals in their fully-equipped entertainer's kitchen. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/penny-place-17-penny-place-adelaide-6f91e3bcf3a1daf76d3a82354a7ce0c7.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="644" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/penny-place-17-penny-place-adelaide-6f91e3bcf3a1daf76d3a82354a7ce0c7.jpg?itok=QhqbykFI" width="580"></a></figure>The apartment bathrooms are minimalist and spacious, including large porcelain floor tiles and a semi-frameless alcove shower with a luxurious rainfall showerhead.  

The tiles in the bathroom are carried through to the kitchen and living areas, except they are a larger format (300 x 300), offering the perfect balance of style, comfort and low maintenance. In the bedrooms you'll find a modern grey loop pile carpet which is soft underfoot, and perfect for extra warmth in winter months. 

Integrated air conditioning is complemented by sunscreen and block out blinds in the living areas and bedrooms to provide residents with the perfect thermal insulation year-round. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/penny-place-17-penny-place-adelaide-9e47b344d5a5953e5caa523511b3d1a1_1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="417" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/penny-place-17-penny-place-adelaide-9e47b344d5a5953e5caa523511b3d1a1_1.jpg?itok=RQoGSqwI" width="580"></a></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/penny-place-17-penny-place-adelaide-eb4d112042fb62dc16822d3d7796db08_2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="259" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/penny-place-17-penny-place-adelaide-eb4d112042fb62dc16822d3d7796db08_2.jpg?itok=rPaeWA3v" width="580"></a></figure>Residents will have the option of choosing an apartment with stunning views of the Adelaide Hills, the ocean or city skyline, which can be enjoyed through the expansive floor to ceiling windows, or on your private balcony. 

If you'd love to call Penny Place home by July 2021, then <a href="https://www.urban.com.au/new-apartments/penny-place-17-penny-place-adelaide">reach out to a sales agent</a> via Urban today, but hurry, as only a select number of apartments are remaining. 
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Olivia Round

Urban’s tour of the Penny Place display suite

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<a href="https://www.urban.com.au/developers/flagship-group">Flagship Property Group</a> is set to embark on stage two of their Adelaide CBD master-planned precinct, with <a href="https://www.urban.com.au/new-apartments/penny-place-17-penny-place-adelaide">Penny Place Apartments</a> beginning construction later this year. The $85 million development will be built by Maxcon with 150 new jobs to be created within the construction industry.

<blockquote>
“Maxcon has proven itself as one of Australia’s finest construction companies, so we’re pleased to partner with them to help us deliver on our exciting vision for Penny Place.” 
</blockquote>

Mark Jarman, Chief Executive Officer of Flagship Property Holdings

The news follows the recent completion of the precinct’s debut tower, <a href="https://www.urban.com.au/buildings/kodo-apartments-33-angas-st-adelaide">Kodo Apartments</a>, which has reached an impressive 193 metres high, claiming the title of Adelaide’s tallest residential building.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kodo-apartments-33-angas-st-adelaide-ed0eb798e647a9c39a0bc6e8b81ca4aa.jpg" rel="gallery-all" title="Kodo Apartments, 33 Angas Street, Adelaide. Credit: Woods Bagot"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/kodo-apartments-33-angas-st-adelaide-ed0eb798e647a9c39a0bc6e8b81ca4aa.jpg?itok=HJqr4p35" title="Kodo Apartments, 33 Angas Street, Adelaide. Credit: Woods Bagot" width="580"></a>

<figcaption>Kodo Apartments, 33 Angas Street, Adelaide. Credit: Woods Bagot</figcaption></figure><h2>PENNY PLACE</h2>

The Woods Bagot-designed tower is set to reach a towering 78 metres high and will comprise 152 apartments across 24 floors. Woods Bagot Associate Principal Alex Hall explains that the beauty of the design is that it actually involves quite complex design elements, which are refined to look effortlessly seamless.

<blockquote>
“Good design is when an element of function is greater than its potential value. You can say it’s simple and honest, but what its actually doing is taking quite complex ideas and refining them down to a point where someone can see it as a simple solution.”
</blockquote>

Alex Hall, Associate Principal, Woods Bagot via Penny Place Apartments/Youtube

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tpa9869_penny_place_e02_streetscape.jpg" rel="gallery-all" title="Penny Place exterior. Credit: Woods Bagot"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/tpa9869_penny_place_e02_streetscape.jpg?itok=hKAqUsrT" title="Penny Place exterior. Credit: Woods Bagot" width="580"></a>

<figcaption>Penny Place exterior. Credit: Woods Bagot</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tpa9869_penny_place_in01_living.jpg" rel="gallery-all" title="Penny Place apartment living area. Credit: Woods Bagot"><img alt="" class="image-article-full-width-580px" height="644" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/tpa9869_penny_place_in01_living.jpg?itok=wU1JDy9A" title="Penny Place apartment living area. Credit: Woods Bagot" width="580"></a>

<figcaption>Penny Place apartment living area. Credit: Woods Bagot</figcaption></figure>Penny Place will feature a spacious ground floor lobby with retail space and a public plaza. Each apartment will include a full-width balcony, loop pile carpets, Caesarstone kitchen benchtops, LED lighting, separate laundry, Bosch/Fisher &amp; Paykel appliances and air-conditioning.

Residents will also be invited to enjoy the use of a lavish resident’s lounge, complete with a chef’s kitchen, and dining area for entertaining.

Construction of Penny Place is expected to take approximately 18-25 months to complete.
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