Press Release on Grenfell / Twin Street (The Jade Monkey) Development
The Hines Group have issued a press release on the much talked about Grenfell / Twin Street Hotel Development.
Grenfell/Twin Street hotel development – The Jade Monkey
Hines Property plans to begin construction later this year on a new $65 million, 17-storey hotel development on the corner of Grenfell Street and Twin Street in the Adelaide CBD.
In October last year, Hines Property informed all tenants of the existing buildings on the site, including the Jade Monkey, that leases would not be renewed. The Jade Monkey lease expires in December this year.
Construction works will include demolition of the buildings on site, none of which are heritage-listed, with the new hotel to include 300 guest rooms and suites, food and beverage facilities, conference and meeting spaces, business lounge and a fitness centre.
More discussion on our forums here.
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