Sensational-Adelaide.com

jk1237 wrote:huh, whats there not to like about it, looks fantastic IMO. I believe its on the site of that horrid little 1 storey former post office shop and camera store thats there now aint it. Oh and that old bluey grey building on the corner

UrbanSG wrote:From the Latest News section on the Hines website. The part highlighted 'bold' towards the end of the article helps to explain why so many hotels are proposed at the moment ...

23 September 2011

Hines Property announces new $65m hotel for Adelaide CBD

Hines Property, has today lodged plans for a 17-level $65 million hotel development on Grenfell Street in the heart of the Adelaide CBD.

On completion the hotel will include 300 rooms and suites, together with food and beverage facilities, conference and meeting space, guest lounge and business facilities, and a fitness centre.

To be located at 122 Grenfell Street on the corner of Twin Street adjacent the historical Adelaide Arcade and Gays Arcade, the hotel will be just metres to Rundle Mall – the main shopping strip of the CBD.

Hines Property is currently in advanced negotiations with an international operator to manage the hotel, with an official announcement expected soon.

The hotel marks the fifth major development undertaken by Hines Property in the Hindmarsh Square precinct within the Adelaide CBD having recently completed the nearby $100 million Crowne Plaza Adelaide hotel and the adjoining $50 million 20 Hindmarsh Square apartments complex. Hines Property also developed the $70 million Conservatory on Hindmarsh Square, the $30 million Domain Apartments development and the $50 million Mantra on Hindmarsh Square serviced apartments development.

Grenfell Street has become the focus of CBD development in recent times with over $500 million worth of projects, including the Rundle Place retail and office development which is currently under construction, and Hines Property's national award-winning Conservatory office and residential development.

Hines Property Managing Director James Hines said: "Major government investment in key tourism infrastructure assets helps underpin the commercial case for this hotel. The Adelaide Oval upgrade which will bring AFL to the city nearly every winter weekend and the expansion of the Convention Centre are important catalysts for the future development of this city. Adelaide hotels are already running at very high occupancies mid-week due to strong corporate demand, and we expect this to further increase when additional major projects come online."

The 122 Grenfell Street development is expected to create more than 200 jobs during construction and then 80 permanent positions once the hotel becomes operational.

Works are planned to commence on site next year with the hotel to open its doors in 2014.

AtD wrote:It's got the same optical illusion going as the Customs Building in Melbourne:


I'm really excited by this development now that I think about it. It's a good design, open to the street. It looks like it will make Twin Street more inviting and being a hotel will generate lots of after-hours foot traffic, meaning more nightlife for the area. Being right next to Hindmarsh Square and a stone’s throw from the Mall are added bonuses.

It's also a big vote of confidence for a developer to back another hotel proposal given there's three other large hotels in the pipeline.

[Shuz] wrote:Suprised no-one's said anything about the yet another BLANK WESTERN WALL.

crawf wrote:The bad part of this development is the popular and quirky Jade Monkey nightclub could be bulldozed to make way for the new hotel. Nevertheless this will do wonders for Twin Street which in a dire need of a revamp.

AtD wrote:It doesn't look like it goes back as far as The Jade Monkey in the renders on the first page of this thread. Kinda hard to tell though.

Is it heritage listed?