George Velentzas transforms Prospect Rd in Adelaide with major developments

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A wave of new businesses is set to transform Prospect Rd, with 10 retail stores opening in the coming months across two major developments, according to the advertiser.

At 85 Prospect Rd, the redeveloped former Foodland site owned by George Velentzas, four businesses will open in late February and early March: high-end gym Fitness Factory, St Louis House of Desserts, Prospect Rd’s first pub, and an RSPCA op-shop. One more space remains available for lease.

Velentzas said he aimed “to create something exciting” at the two-storey retail space. The Fitness Factory, which will occupy the entire second floor, will “probably be one of the classiest gyms available this year in Adelaide.” The health club will feature a creche, a cafe serving juices and protein shakes, steam and infra-red saunas, yoga and pilates classes, individual showers, and Italian-made gym equipment.

The RSPCA op-shop will focus on designer fashion, similar to the charity’s Rundle St store. “There’s no way I’d let just any op-shop in,” Velentzas said.

Meanwhile, at The Harrington, a five-storey apartment complex nearby, six ground-floor stores will open by mid-May, including R3 Reform pilates studio, He Said, She Said cafe, a frozen yoghurt bar, a yet-to-be-revealed restaurant, and two unleased spaces.

The developers of The Harrington aimed for high-quality tenants. “We’ve been quite picky with who we put in,” said CBRE leasing agent Julia Pottenger.

All 55 apartments at The Harrington have already been sold.

Source: The Advertiser

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