[APP] 29 Twin Street | 124m | 38lvls | Student accom

[Smithy85]

A tender for this project was in the ‘tiser yesterday (Tues 26/2).

Yep, Built Environs.

[Patrick_27]

I prefer this to Adelaidean. This along with Realm and Luminesque will do good things for our skyline.

I'm also glad to see that the site of the old Jade Monkey isn't being wasted on a car-park. Though, with that said, what is Ibis going to do for parking?

[metro]

What is Ibis going to do for parking?

Same thing a lot of city hotels do, use one of the many many parking stations in the city.

[Patrick_27]

What is Ibis going to do for parking?

Same thing a lot of city hotels do, use one of the many many parking stations in the city.

Even for valet?

[Norman]

What is Ibis going to do for parking?

Same thing a lot of city hotels do, use one of the many many parking stations in the city.

Even for valet?

Definitely. This happens all over the world.

[rhino]

As far as Student Accommodation buildings go, this one looks rather good from the outside. Let's hope it ends up looking like the renders.

[Jaymz]

Yep I'm a bit of a fan of this one going by the renders, particularly the earlier ones. Would be a unique looking building in our skyline.

[Smithy85]

Tenders closed today. 4 companies that advertised in the Tiser were:
Built, Built Environs, Hutchinson Builders, Synergy Construct.

[HiTouch]

The full article is at https://www.adelaidenow.com.au/business ... d3a6d066f5. I thought it was relevant though as it makes a mention about twin street.

Hines Property managing director James Hines told The Advertiser the group is close to buying a new development site in the CBD and an announcement on its proposed 38-storey, $85 million student tower on 29 Twin Street is also expected shortly.

While the pipeline developments progress, the group is ticking off a phased $6 million refurbishment of its Pullman Hotel on Hindmarsh Square to make the most of “growing opportunities” in the Adelaide hotels sector.

“Competition is great. One of the biggest issues in Adelaide is that a lot of our competitors are 30-year old properties and when you have older stock, they are unable to push their rates up.

“With new product (hotels like Westin, among others) coming in the market, there will be a greater reason for people to get educated on paying room rates in Adelaide commensurate with other capital cities.

“Whilst we (Pullman and Ibis) have had some good growth, our room revenues are still a lot lower than most of the other capital cities.

[citywatcher]

The full article is at https://www.adelaidenow.com.au/business ... d3a6d066f5. I thought it was relevant though as it makes a mention about twin street.

Hines Property managing director James Hines told The Advertiser the group is close to buying a new development site in the CBD and an announcement on its proposed 38-storey, $85 million student tower on 29 Twin Street is also expected shortly.

While the pipeline developments progress, the group is ticking off a phased $6 million refurbishment of its Pullman Hotel on Hindmarsh Square to make the most of “growing opportunities” in the Adelaide hotels sector.

“Competition is great. One of the biggest issues in Adelaide is that a lot of our competitors are 30-year old properties and when you have older stock, they are unable to push their rates up.

“With new product (hotels like Westin, among others) coming in the market, there will be a greater reason for people to get educated on paying room rates in Adelaide commensurate with other capital cities.

“Whilst we (Pullman and Ibis) have had some good growth, our room revenues are still a lot lower than most of the other capital cities.

38 storey $85m somebody stop them please

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[Nort]

The full article is at https://www.adelaidenow.com.au/business ... d3a6d066f5. I thought it was relevant though as it makes a mention about twin street.

Hines Property managing director James Hines told The Advertiser the group is close to buying a new development site in the CBD and an announcement on its proposed 38-storey, $85 million student tower on 29 Twin Street is also expected shortly.

While the pipeline developments progress, the group is ticking off a phased $6 million refurbishment of its Pullman Hotel on Hindmarsh Square to make the most of “growing opportunities” in the Adelaide hotels sector.

“Competition is great. One of the biggest issues in Adelaide is that a lot of our competitors are 30-year old properties and when you have older stock, they are unable to push their rates up.

“With new product (hotels like Westin, among others) coming in the market, there will be a greater reason for people to get educated on paying room rates in Adelaide commensurate with other capital cities.

“Whilst we (Pullman and Ibis) have had some good growth, our room revenues are still a lot lower than most of the other capital cities.

38 storey $85m somebody stop them please

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It is cheap for the height, but worth remembering it has a tiny footprint.

[cmet]

The full article is at https://www.adelaidenow.com.au/business ... d3a6d066f5. I thought it was relevant though as it makes a mention about twin street.

Hines Property managing director James Hines told The Advertiser the group is close to buying a new development site in the CBD and an announcement on its proposed 38-storey, $85 million student tower on 29 Twin Street is also expected shortly.

While the pipeline developments progress, the group is ticking off a phased $6 million refurbishment of its Pullman Hotel on Hindmarsh Square to make the most of “growing opportunities” in the Adelaide hotels sector.

“Competition is great. One of the biggest issues in Adelaide is that a lot of our competitors are 30-year old properties and when you have older stock, they are unable to push their rates up.

“With new product (hotels like Westin, among others) coming in the market, there will be a greater reason for people to get educated on paying room rates in Adelaide commensurate with other capital cities.

“Whilst we (Pullman and Ibis) have had some good growth, our room revenues are still a lot lower than most of the other capital cities.

38 storey $85m somebody stop them please

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If this was based around cost per sqm it would be around realm etc. small floorplates

[ghs]

The full article is at https://www.adelaidenow.com.au/business ... d3a6d066f5. I thought it was relevant though as it makes a mention about twin street.

Hines Property managing director James Hines told The Advertiser the group is close to buying a new development site in the CBD and an announcement on its proposed 38-storey, $85 million student tower on 29 Twin Street is also expected shortly.

While the pipeline developments progress, the group is ticking off a phased $6 million refurbishment of its Pullman Hotel on Hindmarsh Square to make the most of “growing opportunities” in the Adelaide hotels sector.

“Competition is great. One of the biggest issues in Adelaide is that a lot of our competitors are 30-year old properties and when you have older stock, they are unable to push their rates up.

“With new product (hotels like Westin, among others) coming in the market, there will be a greater reason for people to get educated on paying room rates in Adelaide commensurate with other capital cities.

“Whilst we (Pullman and Ibis) have had some good growth, our room revenues are still a lot lower than most of the other capital cities.

38 storey $85m somebody stop them please

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Hines is building a 38 level building for $85 million and he has a whinge about the adelaide market being cheap.
I will make sure that I don't stay in any of his hotels from now on.

[retsacerp]

The full article is at https://www.adelaidenow.com.au/business ... d3a6d066f5. I thought it was relevant though as it makes a mention about twin street.

38 storey $85m somebody stop them please

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If this was based around cost per sqm it would be around realm etc. small floorplates

Floor plates are less than 300 sqm, GFA is only about 11,000 sqm, so $85m to build is actually way over the odds. Is that the end value, maybe?

[cmet]

The full article is at https://www.adelaidenow.com.au/business ... d3a6d066f5. I thought it was relevant though as it makes a mention about twin street.

38 storey $85m somebody stop them please

Sent from my SM-J730G using Tapatalk

Hines is building a 38 level building for $85 million and he has a whinge about the adelaide market being cheap.
I will make sure that I don't stay in any of his hotels from now on.

Once again, tiny floor plates...


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