Kodo residents settle into Adelaide’s (current) tallest apartment complex
Residents are settling into Adelaide’s tallest residential building – the 103m Kodo apartment complex on Angas St.
The building rises 30 storeys into the air near Victoria Square and was developed by Flagship Property Holdings, designed by architect Woods Bagot and with internal fit-out works by builder Watpac.
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Flagship CEO Mark Jarman said having residents in was breathing life into the building and invigorating the surrounding area.
“Many of these first residents of Kodo were early adopters of the project, embracing our vision of inner-city living from the beginning, so it’s certainly very exciting to see them move in and start a new chapter in their lives,” Mr Jarman said.
“Since we turned the first sod on-site two years ago, an enormous amount of hard work and long hours have gone into constructing Kodo.
“To stand back and look at the finished building today as a magnificent new structure on the Adelaide city skyline is very satisfying indeed.”
The apartment complex features 202 apartments, car and bicycle parking and an exclusive sky garden.
As well as being the tallest residential building in Adelaide, it is the first in SA to be serviced on-site by a full-time building and strata manager.
Laura Turner and partner Sam Lawrence have recently moved into the complex and Ms Turner said the decision to buy an apartment was an easy one.
“I chose an apartment over a house as my first purchase purely for the lifestyle – I work in the CBD and wanted a home that was ready to go and easy to leave,” Ms Turner said.
“I also wanted to start small and purchase something affordable so that I could begin paying off my own asset earlier, rather than someone else’s.”
Ms Turner said the couple loved their new apartment, saying the fact that it had never been lived in before gave it a luxurious feel.
“Everything is new and designed to support a convenient, low-maintenance lifestyle,” she said.
“There’s a real mix of residents within the complex, ranging from young couples to singles and downsizers.”
Ms Turner said the First Home Owner’s Grant and stamp duty concessions were enormously beneficial, but said unfortunately she missed out on the Adelaide City Council’s free council rates incentive by just three weeks.
“I was able to take advantage of the First Home Owner’s Grant, along with stamp duty concessions, saving me nearly $30,000 on my purchase – they made a real difference,” she said.
With Kodo complete, work will soon commence on the adjacent 24-storey $65 million ‘Penny Place’ apartment development – forming the second stage of Flagship’s masterplan for the site.
Penny Place will be 72m high, include 152 apartments and have a retail space and a publicly accessible green space.
Construction will start later this year and is expected to be completed in 2021.