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

Posted: Wed Feb 27, 2019 11:55 am
by Smithy85
Uncle Monty wrote:
Wed Feb 27, 2019 7:40 am
A tender for this project was in the ‘tiser yesterday (Tues 26/2).
Yep, Built Environs.

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

Posted: Wed Feb 27, 2019 12:06 pm
by 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?

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

Posted: Wed Feb 27, 2019 6:04 pm
by metro
Patrick_27 wrote:
Wed Feb 27, 2019 12:06 pm
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.

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

Posted: Thu Feb 28, 2019 1:06 am
by Patrick_27
metro wrote:
Wed Feb 27, 2019 6:04 pm
Patrick_27 wrote:
Wed Feb 27, 2019 12:06 pm
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?

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

Posted: Thu Feb 28, 2019 9:18 am
by Norman
Patrick_27 wrote:
metro wrote:
Wed Feb 27, 2019 6:04 pm
Patrick_27 wrote:
Wed Feb 27, 2019 12:06 pm
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.

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

Posted: Thu Feb 28, 2019 9:51 am
by 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.

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

Posted: Thu Feb 28, 2019 4:18 pm
by 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.

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

Posted: Tue Mar 12, 2019 8:09 pm
by Smithy85
Tenders closed today. 4 companies that advertised in the Tiser were:
Built, Built Environs, Hutchinson Builders, Synergy Construct.

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

Posted: Tue Jun 18, 2019 9:15 am
by 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.

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

Posted: Tue Jun 18, 2019 11:00 pm
by citywatcher
HiTouch wrote: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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[APP] Re: [PRO] Re: 29 Twin Street | 124m | 38lvls | Student accom

Posted: Wed Jun 19, 2019 8:41 am
by Nort
citywatcher wrote:
Tue Jun 18, 2019 11:00 pm
HiTouch wrote: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.

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

Posted: Wed Jun 19, 2019 1:49 pm
by cmet
citywatcher wrote:
HiTouch wrote: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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ImageImageImage If this was based around cost per sqm it would be around realm etc. small floorplates

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

Posted: Wed Jun 19, 2019 10:30 pm
by ghs
citywatcher wrote:
Tue Jun 18, 2019 11:00 pm
HiTouch wrote: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.

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

Posted: Wed Jun 19, 2019 10:53 pm
by retsacerp
cmet wrote:
Wed Jun 19, 2019 1:49 pm
citywatcher wrote:
HiTouch wrote: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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ImageImageImage 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?

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

Posted: Wed Jun 19, 2019 10:53 pm
by cmet
ghs wrote:
citywatcher wrote:
Tue Jun 18, 2019 11:00 pm
HiTouch wrote: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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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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