Urban design requires investment upfront but can add value to a development in a number of ways. Decisions on how buildings, streets and landscapes are arranged can add value by making the best use of land. Good design can transform perceptions of an area and property markets, and create successful place where people want to live, work and spend time. These place can deliver a range of social and environmental benefits too.
Increasing values at Adelaide Wharf minimized the need for “off the shelf solutions and offset the cost of architect designed buildings.
Architect designed buildings may cost more to build, however, with a strong client it is possible to restrain the architect to keep costs within 10% above the normal 40% of total development value, therefore, we need to achieve a 4% increase in total development value to offset this additional cost. In total therefore we are looking a 4,8%, rising to 6,5% increase in value required to offset costs.
Increasing values at Adelaide Wharf minimized the need for “off the shelf solutions and offset the cost of architect designed buildings.
Architect designed buildings may cost more to build, however, with a strong client it is possible to restrain the architect to keep costs within 10% above the normal 40% of total development value, therefore, we need to achieve a 4% increase in total development value to offset this additional cost. In total therefore we are looking a 4,8%, rising to 6,5% increase in value required to offset costs.
