[U/C] 88 O'Connell Street | 63m | 13, 13 and 15 Levels | Mixed Use

[Waewick]

Some interesting points I heard on this development today.

- Sheldon? Hotel chain have signed a contract to operate a hotel within this site. Could have heard wrong, but apparently they're very high end.

- Wallis Cinemas will be making an announcement soon on their plans to open a 6-8 screen cinema within the sites development, with plans to close Piccadilly cinema and reuse the other purposes. There were plans for a $7m upgrade of Piccadilly with a further three screens to be built, however Wallis recognise that the site doesn't have any off-street parking and that $7m isn't a realistic figure to spend on such a development.
The new cinema will cost far less and be positioned better within the O'Connell Street precinct.
This deal stemmed from the sale of the site from Wallis to Makris.

what a shame all that Art Deco is going to be lost.

but if it means something happens on this site the hoooobloodyrah!

[crawf]

Some interesting points I heard on this development today.

- Sheldon? Hotel chain have signed a contract to operate a hotel within this site. Could have heard wrong, but apparently they're very high end.

- Wallis Cinemas will be making an announcement soon on their plans to open a 6-8 screen cinema within the sites development, with plans to close Piccadilly cinema and reuse the other purposes. There were plans for a $7m upgrade of Piccadilly with a further three screens to be built, however Wallis recognise that the site doesn't have any off-street parking and that $7m isn't a realistic figure to spend on such a development.
The new cinema will cost far less and be positioned better within the O'Connell Street precinct.
This deal stemmed from the sale of the site from Wallis to Makris.

what a shame all that Art Deco is going to be lost.

Surely it would be heritage listed, so I'd say it's safe if Wallis do relocate.

It's a beautiful old building and it will be a massive shame to lose it.

[Patrick_27]

Can you name the source of your info patrick ?

That brings the new hotel count to 7 including the airport
hotel which is a few years away.

Can't name the source, but senior level at Wallis head-office.

[Patrick_27]

Some interesting points I heard on this development today.

- Sheldon? Hotel chain have signed a contract to operate a hotel within this site. Could have heard wrong, but apparently they're very high end.

- Wallis Cinemas will be making an announcement soon on their plans to open a 6-8 screen cinema within the sites development, with plans to close Piccadilly cinema and reuse the other purposes. There were plans for a $7m upgrade of Piccadilly with a further three screens to be built, however Wallis recognise that the site doesn't have any off-street parking and that $7m isn't a realistic figure to spend on such a development.
The new cinema will cost far less and be positioned better within the O'Connell Street precinct.
This deal stemmed from the sale of the site from Wallis to Makris.

what a shame all that Art Deco is going to be lost.

Surely it would be heritage listed, so I'd say it's safe if Wallis do relocate.

It's a beautiful old building and it will be a massive shame to lose it.

Building is heritage listed. Wallis have no intention to sell the building/site, no plans yet on what will eventuate with the Piccadilly but it sounded like there may be plans to turn into some kind of a function venue. Perhaps like Mt. Barker.

[Patrick_27]

Also forgot to mention, this came from a high-up source at Makris Group. They're talking to a couple of international department store/clothing chains to become an anchor tenant for the shopping component of the development, one of which I believe is Greek. A bit of irony there...

[rev]

Also forgot to mention, this came from a high-up source at Makris Group. They're talking to a couple of international department store/clothing chains to become an anchor tenant for the shopping component of the development, one of which I believe is Greek. A bit of irony there...

Could be Attica which has within it most high end luxury brands, apparently one of the best department stores in Europe.
But I doubt it. Folli Follie might be a better chance as they already have over 500 stores world wide(42 in Greece), but they only make jewellry, watches and accessories.

[Smithy85]

Approved by DAC today. Due for completion in 2019.

Will be great for the 7 people that still have jobs in Adelaide then.

[Kasey771]

Some interesting points I heard on this development today.

- Sheldon? Hotel chain have signed a contract to operate a hotel within this site. Could have heard wrong, but apparently they're very high end.

- Wallis Cinemas will be making an announcement soon on their plans to open a 6-8 screen cinema within the sites development, with plans to close Piccadilly cinema and reuse the other purposes. There were plans for a $7m upgrade of Piccadilly with a further three screens to be built, however Wallis recognise that the site doesn't have any off-street parking and that $7m isn't a realistic figure to spend on such a development.
The new cinema will cost far less and be positioned better within the O'Connell Street precinct.
This deal stemmed from the sale of the site from Wallis to Makris.

what a shame all that Art Deco is going to be lost.

Surely it would be heritage listed, so I'd say it's safe if Wallis do relocate.

It's a beautiful old building and it will be a massive shame to lose it.

I foresee a very vocal 'anti' campaign if anyone proposes destroying that beautiful Art Deco facade.

[The Scooter Guy]

http://www.adelaidenow.com.au/messenger ... 7393592711

And I've been trolled! Why should we pay to view this article?
Remember when there was a bygone era when the internet was very different compared with today?

[Briggzy_03]

And I've been trolled! Why should we pay to view this article?
Remember when there was a bygone era when the internet was very different compared with today?

http://www.news.com.au/national/makris- ... 7393592711

[Ben]

And his lies and dragging out of this saga continue. "Construction should begin late next year". Seriously this guy is a joke.

[SouthAussie94]

I foresee a very vocal 'anti' campaign if anyone proposes destroying that beautiful Art Deco facade.

Wallis demolishing an Art Deco facade? That would NEVER happen in a million years.... /s

[ghs]

It's a fair size development - retail outlets, cinemas, 5 star hotel and a 16 level apartment tower.
Surely they will build it in 2 - 3 stages, I just wish they would be able to start on it sooner then
the end of next year.

[Brando]

I'm glad it's been approved, now the onus is on Makris. Let's see how serious he is, or what excuse he'll come up with....

[Patrick_27]

It's a fair size development - retail outlets, cinemas, 5 star hotel and a 16 level apartment tower.
Surely they will build it in 2 - 3 stages, I just wish they would be able to start on it sooner then
the end of next year.

You're right, it appears it'll be a staged development. My source said that Wallis would be open there within two years, so I imagine that the shopping and hotel component will open first and the apartments will open in 2019.