Award-Winning Developer Chasecrown Breaks Ground on Parkline, Appoints Multiplex for Construction

Parkline by Chasecrown
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National award-winning developer Chasecrown has commenced construction on its $120 million Parkline residential project on Dequetteville Terrace, coinciding with the release of its final penthouse and sub-penthouse sky homes.

The company has also revealed that the global construction firm Multiplex, known for its award-winning projects, will manage construction on the Kent Town site.

Parkline is a boutique residential development in Kent Town, offering impressive views of the CBD skyline beyond Adelaide’s East Parklands. This prime location provides residents with close walking access to Adelaide’s vibrant East End, including cultural and recreational landmarks such as the Adelaide Festival Centre, Adelaide Oval, Adelaide Entertainment Centre, National Wine Centre, Adelaide Zoo, and various museums and parks.

Kent Town is undergoing a significant transformation into a dynamic lifestyle destination. The area is seeing the emergence of new cafes, restaurants, bars, fitness centers, and retail businesses, contributing to its evolving character and appeal.

Chasecrown Director and Project Architect, Louis Kanellos, expressed excitement about collaborating with Multiplex on this prominent residential development.

“Multiplex is a premier construction company that has shaped skylines and delivered iconic projects worldwide. It has completed over 1,100 projects globally, including 18 in South Australia,” said Kanellos.

Multiplex SA State Manager, Andrew Warren, also echoed this enthusiasm:

“We are thrilled to be appointed by Chasecrown to deliver this exceptional project. Parkline Kent Town enhances our long-standing presence in South Australia, where we have delivered approximately $500 million worth of projects over the past 30 years.”

The 12-storey, 61-luxury apartment building is already 80 percent sold, with the final release of premium apartments on the upper levels anticipated to be quickly acquired. Prices for the remaining park frontage apartments range from $1.3 million to $5.1 million.

Kanellos highlighted that every investment ensures uninterrupted views of either the east parklands, city, or hills, and the building boasts impressive green credentials.

^Views across to Adelaide City Parkline by Chasecrown (Image: Chasecrown)
^Views across to Adelaide City Parkline by Chasecrown (Image: Chasecrown)
^Internal Kitchen and Living at Parkline by Chasecrown (Image: Chasecrown)
^Internal Kitchen and Living at Parkline by Chasecrown (Image: Chasecrown)

“You can’t live any closer to the Adelaide CBD without living in the city itself. It offers the best of both worlds, combining urban living with city convenience,” Mr Kanellos says.

“We’ve taken full advantage of this unique location overlooking the parklands, close to services and within walking distance of the restaurants, cafes and shops in the city’s East End and Norwood Parade.”

“The successful urban regeneration of this corner of Kent Town is unsurprising given the unparalleled access to everything you would need in terms of shopping, dining, transport, green space and education.

“We’re excited by the interest to date with 80 per cent of apartments already sold, but we’re also aware some potential purchasers have been waiting for these latest premium homes to come on to the market. The market for new city-fringe apartments remains strong so we’re anticipating high demand for this final release.”

The all-electric building aims for net-zero operation, featuring a 7-star average apartment energy rating and a power system that eliminates the need for fossil fuels for heating, cooling, hot water, and cooking appliances. Other environmentally responsive design elements include a naturally ventilated car park with green walls to reduce energy consumption, an extensive solar array to support the building’s communal energy use, infrastructure for individual electric vehicle charging stations, and home automation options.

Additionally, Chasecrown is enhancing the public realm around the Kent Town project by removing power lines to King William Street, activating street frontages and laneways with high-quality landscaping and green walls.

Note: The information presented in this article is for general informational purposes only and should not be relied upon as legal, financial, or professional advice. While we make every effort to fact-check and verify the information presented, we cannot guarantee its accuracy or completeness. Readers are encouraged to independently verify any information they find on our website and to consult with relevant professionals before making any decisions based on the information presented. The Australian Development Review does not own the rights to the information included within this article, and furthermore, there is no infringement intended from the included text and images within.

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