Maxcon appointed as builder for Adelaide’s Penny Place development

Maxcon appointed as builder for Adelaide’s Penny Place development
Maxcon appointed as builder for Adelaide’s Penny Place development

Flagship Property Group is set to embark on stage two of their Adelaide CBD master-planned precinct, with Penny Place Apartments 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.

“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.”

Mark Jarman, Chief Executive Officer of Flagship Property Holdings

The news follows the recent completion of the precinct’s debut tower, Kodo Apartments, which has reached an impressive 193 metres high, claiming the title of Adelaide’s tallest residential building.

Maxcon appointed as builder for Adelaide’s Penny Place development
Kodo Apartments, 33 Angas Street, Adelaide. Credit: Woods Bagot

PENNY PLACE

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.

“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.”

Alex Hall, Associate Principal, Woods Bagot via Penny Place Apartments/Youtube

Maxcon appointed as builder for Adelaide’s Penny Place development
Penny Place exterior. Credit: Woods Bagot
Maxcon appointed as builder for Adelaide’s Penny Place development
Penny Place apartment living area. Credit: Woods Bagot

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 & 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.

Olivia Round

Olivia Round

Olivia Round is the Features Editor of urban.com.au. Olivia specialises in news reporting, in-depth editorial content and video + podcast interviews with industry experts.

Tags: 
Penny Place Kodo apartments Adelaide

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