[APP] 51 Pirie Street | 94m | 21 Levels | Hyatt

[Will]

From the City Messenger:

Thinking big at the (State) bank

Local News10 Mar 11 @ 12:00pm by Jessica Whiting




An artist's impression of the State Bank building project.


TENANTS are being sought for the redeveloped former State Bank building after the project was given the green light by the State’s Development Assessment Commission.

The applicant, Sydney-based property group Charter Hall, will retain the Pirie St building’s local heritage-listed facade as a podium to sit below a new 22-level office building.
Plans show 566 sq m of ground floor retail space, two levels of underground car parking, 20 levels of commercial space plus a function area on the top level.

The office tower’s height would be 98m, just below the 103m limit set out for the area in the City Council’s development plan.

Charter Hall development services head Chris Chapple said the approval was an important milestone for Adelaide.

“Construction of the building will commence following a significant tenant pre-commitment,” Mr Chapple said.

“On completion the building will provide Adelaide with a new 5 Star Green Star, 21 level A-grade office building.”

Property Council SA executive director Nathan Paine said it symbolised “ongoing confidence in the state of the South Australia economy and the property sector to have a group like Charter Hall move into the state”.

Mr Paine said he was not aware of a large tenant which might sign up to move into the new building, but if a major company was to move into the state or banks relaxed finance pre-commitments this could change.

The DAC approved the $151 million project at a meeting on February 24.

The building was recommended for approval in January by the City Council’s development assessment panel, but final approval for projects over $10 million lies with the DAC

[Ho Really]

Happened to get a copy of the City Messenger that week and was surprised to see this, but was a little disappointed it was a new design. Anyone know if The Advertiser carried this as well? The initial design was more bold. Pity. Now it will blend in more with the ING building and Telstra. Can't see how much glass is in the atrium, but I would assume there might be something special there. Hope they get the tenants within the next 18 months or so.

Cheers

[Adelarch]

Moved...

[Mants]

are you sure that is the same site???

[Adelarch]

Holy crap you're right Mants! Infact based on the building in the foreground it looks like it is right behind 33 Pirie Street, which would mean it sits on the Flinderst St hotel site! Moved accordingly

[Ben]

From the City Messenger:

[russo92]

Good, I'm glad its stalled, the building design is dull and uninspiring anyway and a waste of potential. The original design, although a concept, would have been amazing on top of the old state bank building.

[Ben]

This one is dead. Site is up for sale.

http://www.realcommercial.com.au/proper ... -501341427

[Dvious]

The original scheme had to have been my favorite proposal for Adelaide ever. Such a shame it never came to be.

[Paulns]

I agree Dvious...

[rev]

I cant believe that this was proposed in 2009..seems like yesterday?
Shame the original "concept" never went ahead. Oh well hopefully something as good or better soon..

[Nathan]

Adelaide’s second-tallest building set for Pirie Street
http://indaily.com.au/news/2015/08/18/a ... ie-street/

A $175 million hotel and apartment complex, which would become Adelaide’s second-tallest building, is planned for Pirie Street.

The massive, 30-floor hotel and residential apartment building (full image below) would overtake Telstra House as the city’s second-highest building at nearly 115 metres in height.

The building may even, eventually, tower over the city’s tallest building – the 132 metre-tall Westpac House – with provisions within the design for an extra 10 potential floors.

The Park Hotel would feature 250 four-star hotel rooms and 280 residential apartments, an open-air “sky-deck”, bar and dining facilities, a café, a pool, a gymnasium and a sauna, plus meeting rooms and car parking.

It would be constructed atop the old State Bank building on Pirie Street – just west of Gawler Place – with the heritage building’s façade to be retained.

South Australia-based development company LGB Australia and Singapore-based Park Hotel Group yesterday signed a management agreement to develop the 51 Pirie Street site, which was acquired early this year.

The proposal is in the pre-lodgement phase and will be assessed by the Government Architect-led Design Review Panel before going to the Development Assessment Commission for approval. If approved, construction is expected to begin in 2017 and be completed in 2018.

LGB Australia chief executive officer Raymond Chia said the proposed development was the company’s first project in the Australian hotel sector.

He also revealed that the company is in the process of making another major acquisition in the State.

“These proposed developments will inject new job opportunities and investment into South Australia,” Chia said.

“LGB Australia has employed a team of Adelaide consultants ranging from structural engineers, service engineers, architects, quantity surveyors and construction consultants. We estimate about 200 workers and 40 consultants will be required during the construction phase.

“LGB Australia will continue to identify new investment and development opportunities in South Australia.”

Park Hotel Group chief executive officer Allen Law said there would be additional jobs once the new hotel opened its doors.

Minister for Investment and Trade Martin Hamilton-Smith said the proposal was a coup for South Australia.

“Another luxury city hotel will boost our $5 billion tourism industry and support the more than 33,000 people it employs,” Hamilton-Smith said.

“A $175 million development will be a positive addition to our vibrant city and highlights the potential benefits of engaging with international investors.”

The management agreement was signed off during the joint State Government and business trade mission to South East Asia.

“The South Australia-South East Asia Engagement Strategy is focused on identifying opportunities in attracting direct investments into South Australia,” said Hamilton-Smith.

“This trade mission to Singapore, Malaysia and Thailand will strengthen South Australia’s government links and help facilitate business trade and investment opportunities.

“The State Government has also committed $15 million over the next two years for the creation of an Investment Attraction Fund.

“An investment attraction agency has been established and will be chaired by banking executive Rob Chapman who is in South East Asia to speak with prospective investors.”

[Norman]

Looks amazing, looking forward to seeing more renders!

[phenom]

Be still my beating heart Genuinely exciting, would absolutely love to see this proceed with or without the extra 10 floors.

[[Shuz]]

I don't mean to wet people's pants - but an extra 10 levels would give it a height of about 153m.

Also the render is for the 40-storey proposal.