Hines welcomes go-ahead for major city project
Leading South Australian developer Hines Property has welcomed Adelaide City Council's decision to approve plans for its $140 million landmark hotel and luxury residential apartment complex at Hindmarsh Square.
The Council's Development Assessment Panel tonight approved the project - known as 20 Hindmarsh Square - following advice that it would contribute to the vitality of the north-eastern corner of the square and act as a focus for recreation and leisure. 20 Hindmarsh Square will be built on the site of the former Academy cinema complex and will have more than 75 metres of direct frontage to Hindmarsh Square.
The project will take shape a few hundred metres across the Square from another Hines project, Conservatory on Hindmarsh, which has won accolades for its, environmentally sustainable design initiatives. Hines Property Director Mr James Hines said construction on 20 Hindmarsh Square was expected to commence in early 2008 and be completed by late 2009.
The project will comprise two towers located over a three-level podium, including ground-floor retail facilities. A 15-level tower will house a hotel of more than 300 rooms, while a separate and unique 14-level tower will include 77 luxury residential apartments with stunning views of Hindmarsh Square, the city and Adelaide Hills. Hotel and resident facilities will include a resort-style day spa with gymnasium, pool and treatment rooms, as well as premium conference and meeting facilities.
"This project will add to the growing appeal of Hindmarsh Square, which has been undergoing a major transformation over the past few years," Mr Hines said. Mr Hines said the project would transform the north-eastern corner of the square and cement the reputation of Hindmarsh Square as Adelaide's premium residential and commercial precinct.