$4.35 million Adelaide apartment tops the nation's weekly sales list
A recently completed sub penthouse in the Adelaidean has been sold for $4.35 million topping the nation's weekly sales list.
It was the last remaining sub penthouse in the project undertaken by Kyren Group founder Theo Samaras.
The sale of three bedroom, three bathroom 3502/19 Frome Street was advised on sales websites by Nick Pelvay from Pelvay Group who listed it in April.
The adjoining sub penthouse was sold in June.
The 35th floor sub penthouse apartments have a private lift lobby.
No short stay accommodation (Airbnb etc) is allowed in the building which has become a mostly owner-occupier community among the 75 apartments.
The apartments sit atop Adelaide’s newest hotel Crowne Plaza, with the residents having their own lift.
The hotel has 329 guest rooms located from the third floor to the 20th floor in the building designed by architects Brown Falconer.
It has 3 metre high ceilings with Adelaide Oval, riverbank and parkland views.
The topping out of the 36 storey $150 million project was in late 2019 at 135 metres.
Construction got underway in February 2018 with completion achieved last year.
The site had contained a number of buildings and retail/commercial tenancies including Urban Cow Studio, The Rhino Room and Eckersley’s Art & Craft and a multilevel Wilson’s car park.
Realm Adelaide with 310 luxury apartments in the 40-storey skyscraper ranks as the city’s second tallest residential tower at 132 metres.
Designed by Elenberg Fraser, the $200 million tower was built by Maxcon for Parallel Property.
Both are taller than Westpac House, the 1988 office complex owned by Abacus.
Monument, a stalled 2017 approved Adelaide apartment project could see a construction start next year after the site at 300 Rundle Street was bought by Ross Pelligra's Pelligra Group.
It is set to be rebranded.
