[CAN] 1-8 North Terrace | ~120m | 32 Levels | Mixed Use

[Prodical]

Thanks for the news re demolition.

I am kinda pleased as it shows some level of commitment - as long as the buildings are demolished and the site stays empty for years.

It is such a prime site so room for optimism

[abc]

Thanks for the news re demolition.

I am kinda pleased as it shows some level of commitment - as long as the buildings are demolished and the site stays empty for years.

It is such a prime site so room for optimism

'cos it isn't like we don't have numerous such examples already around the Adelaide square mile region.

[AG]

Unlikely that the development would be all office, given Australian Unity's approach to investing and that they have been busy elsewhere in the country turning former office buildings into residential use. It will most likely be a combination of residential (either aged care and/or serviced) with some office and retail at the lower levels. Height will likely still be around 100m high, I would suspect.

[phenom]

Some more details on Australian Unity Healthcare Property Trust's plans in indaily.

https://www.indaily.com.au/business/pro ... rket-hotel

[Mpol02]

Where are the renders? If this is so close and they are demolishing are we almost at approvals? Have I missed something?

[Nort]

Where are the renders? If this is so close and they are demolishing are we almost at approvals? Have I missed something?

The link in the post before this one has more details, they aren't that far along yet.

I suspect demolition is more about ongoing security of the site.

[Prodical]

I have not seen anyone on site for a decade - and yesterday there was someone cleaning out bags of rubbish from inside. Maybe something is going to happen soonish

[gnrc_louis]

Presumably this application is related to this development? https://plan.sa.gov.au/development_appl ... 017504-DAP

[Norman]

Presumably this application is related to this development? https://plan.sa.gov.au/development_appl ... 017504-DAP

Yes, but it's a land division, so nothing related to construction at this stage.

[EBG]

I did not see any evidence of demolition as I drove past today 25/6/2024??

[Prodical]

These signs were put up in the last day or so. The design is the same one as approved by the SCAP and looks like options to repurpose into more into health-related occupancy targets.

[Nort]

I wouldn't read too much into that, if anything it looks to me like they are fishing for responses to get a sense on how much and what demand there could be in the area to either influence future development plans, or set the value for a sale of the site.

[Prodical]

yeah

puts it in direct competition with the Trinity City idea down the road.

[Ben]

From The Advertiser:

Australian Unity puts Newmarket Hotel site back on the market

Plans for high rise towers on the Newmarket Hotel site have been shelved again, with its owner looking to offload it just two years after its $38.5m purchase.
Giuseppe Tauriello
@gtauriello
less than 2 min read
April 28, 2025 - 12:07PM
The Australian Business Network

The Newmarket Hotel site on the corner of North and West terraces. Picture: Supplied by Colliers
The Newmarket Hotel site on the corner of North and West terraces. Picture: Supplied by Colliers
Plans for a high rise medical development on the historic Newmarket Hotel site on North Tce have been shelved, with owner Australian Unity looking to offload the site just two years after its $38.5m purchase.
The health, wealth and care services giant acquired the site from Singaporean-backed One North Terrace (Aust) in 2023, with plans for a development to capitalise on the city’s burgeoning biomedical precinct around the Royal Adelaide Hospital.

Colliers selling agents Jozef Dickinson, Jordan Schmidt, Justin Hazell and Robert Papaleo have been appointed to sell the near-3000sq m site, which includes the former HQ Complex nightclub, and comes with a development approval secured by its previous owner.


The approval includes dual 32 towers with a mix of residential and serviced apartments above a mix of commercial office, retail and hospitality spaces within a 10-level podium and across the ground floor.

Artist’s impression of the approved development at the Newmarket Hotel site. Picture: Supplied by Colliers
Artist’s impression of the approved development at the Newmarket Hotel site. Picture: Supplied by Colliers
The Newmarket Hotel, which has been closed since 2017, would be retained and restored under the current approvals.

Mr Schmidt described it as an “unrepeatable development approval” that was likely to generate interest from biomedical, education, leisure and apartment developers.

“With such a significant and unrepeatable development approval at this pivotal location between the city’s growing education and health sciences sectors, we are extremely confident that this opportunity in the tightly held Adelaide CBD market will capture the imagination of both local developers and also those from further afield,” he said.

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“There is an unprecedented planning approval for the site in place, which is surrounded by some of Adelaide’s most important infrastructure, including the Royal Adelaide Hospital, South Australian Health and Medical Research Institute (SAHMRI 1 and 2), UniSA and the medical school of Adelaide University.”

There have been plans to redevelop the Newmarket Hotel site dating back to 2015, but after years of delays and disuse, the historic 142-year-old main building has been significantly damaged, including the destruction by vandals of a grant circular staircase.

Expressions of interest in the property close at 4pm on May 29.

[HiTouch]

Honestly not unexpected