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$15 million apartment project launched at Bowden

26 August 2014    

Bowden private investment tops $75 million

Private sector investment at the landmark Bowden housing project has topped more than $75 million with the announcement of a major multi-level residential development to be undertaken by Adelaide-based developer Emmett Property.

The $15 million apartment complex is now on sale targeting first homebuyers, downsizers and investors.

Emmett Property’s plans for The Merchant show 36 single-floor apartments to be constructed at varying levels up to three and five storeys high.

Registered buyers have already snapped up six pre-release apartments, including one-bedroom homes for $327,000, while two-bedroom residences are available from $412,000.

Emmett Property Managing Director Nick Emmett says purchasers will be impressed by the high quality and large size of The Merchant apartments, which will have an average floor plate of almost 90sqm plus large balconies.

“The Merchant apartments feature a relatively large floor plan and bigger balconies compared to many other apartment buildings, which we think will be a major drawcard for buyers,” said Mr Emmett.

“Smart design is the hallmark of these apartments. In keeping with the cool new vibe in Bowden, we wanted to combine innovation with the historical charm of the area – and we’re confident we’ve succeeded in achieving that.”

Mr Emmett says construction of The Merchant, which will meet Bowden’s minimum 5 Star Green Star Design rating, should commence early next year and be completed by early 2016.

Established in 2005, Emmett Property is a South Australian-based, privately owned property development and construction company, which has completed the design, development and delivery of a comprehensive portfolio of industrial, commercial and residential projects worth more than $100 million.

The firm has been selected by Renewal SA to deliver The Merchant as the next major apartment project within the Bowden development where more than 180 apartments and townhouses have already been sold.

The first residents recently moved into Bowden which will ultimately comprise more than 2,400 homes as well as cafes, restaurants, offices, open spaces, parks and gardens as part of a vibrant, walkable community for approximately 3,500 new residents.

Sales enquiries for The Merchant should be directed to Georgie Taarnby or Brad Morris on 1800 269 336 or by visiting the Bowden Information &

Sales Centre on Park Terrace, which is open seven days from 10am-4pm.

Nick Emmett, Emmett Property Managing Director, on (08) 8232 2177

Kieran Hall on 0422 147 151 or