[PRO] 124-126 Franklin Street | 87m | 26 Lvls | Hotel

All high-rise, low-rise and street developments in the Adelaide and North Adelaide areas.
Message
Author
User avatar
Llessur2002
Super Size Scraper Poster!
Posts: 1540
Joined: Mon Mar 17, 2014 4:59 pm
Location: West Croydon
Has thanked: 484 times
Been thanked: 713 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Apartments

#196 Post by Llessur2002 » Mon Jan 07, 2019 4:27 pm

ml69 wrote:
Mon Jan 07, 2019 12:12 am
Has anyone else has noticed an uptick in people returning to Adelaide?
Anecdotally yes - a few friends from Melbourne have (individually) decided to move back recently, and a couple more are talking about it. Is that part of an overall trend, or is it just a confirmation that people return to Adelaide in their mid to late 30s?

ghs
Super Size Scraper Poster!
Posts: 1620
Joined: Thu Sep 18, 2008 8:09 am
Location: Brighton
Has thanked: 17 times
Been thanked: 65 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Apartments

#197 Post by ghs » Tue Jan 08, 2019 12:08 am

What we need is a state government that is serious about the economy. Weatherill was hopeless.

On greenhill road the government should consider having a system where any building that isn't up for lease has a sign on it saying 'Not for lease'. Then all of the 'For lease' signs could be removed. I believe this would be a better way to manage the situation.

User avatar
rev
SA MVP (Most Valued Poster 4000+)
Posts: 4407
Joined: Sat Nov 11, 2006 12:14 pm
Has thanked: 356 times
Been thanked: 517 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Apartments

#198 Post by rev » Tue Jan 08, 2019 1:51 pm

Llessur2002 wrote:
Mon Jan 07, 2019 4:27 pm
ml69 wrote:
Mon Jan 07, 2019 12:12 am
Has anyone else has noticed an uptick in people returning to Adelaide?
Anecdotally yes - a few friends from Melbourne have (individually) decided to move back recently, and a couple more are talking about it. Is that part of an overall trend, or is it just a confirmation that people return to Adelaide in their mid to late 30s?
I've had some friends who moved here from Sydney, move back to Sydney in recent years. Imo it depends on what industry and what opportunities are available.
There's also probably a factor of people moving from a small quiet place like Adelaide to a big hustle and bustle metropolis like Sydney or Melbourne being unable to cope after a few years of the madness. I know a lot of friends hate going to Melbourne and Sydney for those reasons and rule out ever living there. On the other hand a lot of friends who come from Melbourne particularly comment how laid back it is here, but they wouldn't move here because the economy is too slow paced, there's not enough opportunities.

In general I think a lot of east coasters are surprised by Adelaide when they get here, but as for pulling more of them in as opposed to how many we lose to them, I think we are a long long way off that mark.

The trick for Adelaide will be maintaining the relatively laid back lifestyle, or perception of it, while creating huge economic growth. That will entice a lot more people to move over.

User avatar
ChillyPhilly
Super Size Scraper Poster!
Posts: 1709
Joined: Sun Dec 07, 2008 11:35 pm
Location: Adder-Laid, South Australia.
Has thanked: 300 times
Been thanked: 598 times
Contact:

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Apartments

#199 Post by ChillyPhilly » Tue Jan 08, 2019 7:53 pm

ghs wrote:
Tue Jan 08, 2019 12:08 am
What we need is a state government that is serious about the economy. Weatherill was hopeless.

On greenhill road the government should consider having a system where any building that isn't up for lease has a sign on it saying 'Not for lease'. Then all of the 'For lease' signs could be removed. I believe this would be a better way to manage the situation.
Ok
Our state, our city, our future.

All views expressed on this forum are my own.

Ben
VIP Member
VIP Member
Posts: 6913
Joined: Mon Dec 19, 2005 11:46 am
Location: Adelaide
Has thanked: 305 times
Been thanked: 1220 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Apartments

#200 Post by Ben » Fri Dec 13, 2019 10:12 am

Looks like this is being reborn as a hotel... as we seem to have a shortage of those proposed.
4785
020/A065/19
Alto Adelaide Pty Ltd C/- Masterplan Pty Ltd
ADELAIDE CITY COUNCIL
124-126 Franklin Street, Adelaide
Construction of a 26 storey hotel building
Under Assessment
10/12/19

Patrick_27
Super Size Scraper Poster!
Posts: 1924
Joined: Tue Mar 05, 2013 4:41 pm
Location: Adelaide CBD, SA
Been thanked: 261 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Apartments

#201 Post by Patrick_27 » Fri Dec 13, 2019 10:57 am

Ben wrote:
Fri Dec 13, 2019 10:12 am
Looks like this is being reborn as a hotel... as we seem to have a shortage of those proposed.
4785
020/A065/19
Alto Adelaide Pty Ltd C/- Masterplan Pty Ltd
ADELAIDE CITY COUNCIL
124-126 Franklin Street, Adelaide
Construction of a 26 storey hotel building
Under Assessment
10/12/19
Now I'm starting to get skeptical... How many more hotels does Adelaide actually need? I would imagine that regulating the industry should now be on the cards because the market is looking saturated without all the new additions that are yet to come.

User avatar
gnrc_louis
High Rise Poster!
Posts: 199
Joined: Sat Nov 10, 2018 2:04 pm
Location: Grange
Has thanked: 218 times
Been thanked: 54 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Hotel

#202 Post by gnrc_louis » Fri Dec 13, 2019 11:07 am

The market will regulate itself in this instance. If it doesn't make financial sense to build a hotel due to market saturation, investors won't invest their money into building one.

GrowAdelaide
High Rise Poster!
Posts: 263
Joined: Thu Jul 06, 2017 11:35 am
Has thanked: 37 times
Been thanked: 79 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Hotel

#203 Post by GrowAdelaide » Fri Dec 13, 2019 11:52 am

gnrc_louis wrote:
Fri Dec 13, 2019 11:07 am
The market will regulate itself in this instance. If it doesn't make financial sense to build a hotel due to market saturation, investors won't invest their money into building one.
I'm sure they would have analysed occupancy rates as part of the decision making process.

User avatar
gnrc_louis
High Rise Poster!
Posts: 199
Joined: Sat Nov 10, 2018 2:04 pm
Location: Grange
Has thanked: 218 times
Been thanked: 54 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Hotel

#204 Post by gnrc_louis » Fri Dec 13, 2019 11:55 am

GrowAdelaide wrote:
Fri Dec 13, 2019 11:52 am
gnrc_louis wrote:
Fri Dec 13, 2019 11:07 am
The market will regulate itself in this instance. If it doesn't make financial sense to build a hotel due to market saturation, investors won't invest their money into building one.
I'm sure they would have analysed occupancy rates as part of the decision making process.
Yeah - that's what I mean. By this instance, I meant the hotel sector more generally, not this specific one.

Ben
VIP Member
VIP Member
Posts: 6913
Joined: Mon Dec 19, 2005 11:46 am
Location: Adelaide
Has thanked: 305 times
Been thanked: 1220 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Hotel

#205 Post by Ben » Fri Dec 13, 2019 11:57 am

I think the issue is vacancy rates are pretty low hence all the proposals. If they all start around the same time to fix the demand issue without taking into account the forthcoming supply. It will be a case of first in best dressed as I don’t think they will all start. There is definitely a need for more hotels but they need to be staggered.

User avatar
SRW
Donating Member
Donating Member
Posts: 2722
Joined: Fri Jun 08, 2007 9:42 pm
Location: City
Has thanked: 714 times
Been thanked: 342 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Hotel

#206 Post by SRW » Fri Dec 13, 2019 12:28 pm

Of all the proposed hotels (of which, not many have actually come through to construction), I can't see why this would have more of shot than the others. Especially with no announced operator. Likely the landholder trying to push or maintain land value higher.
Keep Adelaide Weird

User avatar
Algernon
Legendary Member!
Posts: 1172
Joined: Sat Jul 09, 2005 9:46 pm
Location: Moravia
Has thanked: 347 times
Been thanked: 161 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Hotel

#207 Post by Algernon » Fri Dec 13, 2019 3:36 pm

The only hotel operators that should be shitting themselves are those with a 20+ year old product that they never bothered to refresh.

Patrick_27
Super Size Scraper Poster!
Posts: 1924
Joined: Tue Mar 05, 2013 4:41 pm
Location: Adelaide CBD, SA
Been thanked: 261 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Hotel

#208 Post by Patrick_27 » Fri Dec 13, 2019 5:28 pm

Algernon wrote:
Fri Dec 13, 2019 3:36 pm
The only hotel operators that should be shitting themselves are those with a 20+ year old product that they never bothered to refresh.
Hilton and InterContinetal for instance. If, like me, any of you have been hanging out for either chain to do something about the dated interior and exterior of these hotels. I'll give it a year from Sofitel (or worst case scenario, Hyatt) opening for these two to announce overhauls of their facilities, relocation to new premises or leaving the market entirely. Hilton for instance had two hotels (Docklands and East Melbourne) in Melbourne and left both, selling the sites to other hotel operators.

Smithy85
High Rise Poster!
Posts: 267
Joined: Mon Jan 26, 2015 11:31 am
Has thanked: 33 times
Been thanked: 22 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Hotel

#209 Post by Smithy85 » Fri Dec 13, 2019 6:12 pm

Record occupancy and revenue for Adelaide hotels in the last 3 months:

https://invest.cityofadelaide.com.au/bl ... ord-highs/

ml69
Legendary Member!
Posts: 931
Joined: Mon Jan 03, 2011 11:16 pm
Location: Adelaide SA
Has thanked: 122 times
Been thanked: 91 times

[PRO] Re: 124-126 Franklin Street | 86m | 26 Lvls | Hotel

#210 Post by ml69 » Fri Dec 13, 2019 11:38 pm

Smithy85 wrote:
Fri Dec 13, 2019 6:12 pm
Record occupancy and revenue for Adelaide hotels in the last 3 months:

https://invest.cityofadelaide.com.au/bl ... ord-highs/
Wow I’m impressed! Not many other sectors growing like that!

Shows that we have to keep up the marketing and keep investing in our “product”.

I’ve been saying for years that we should beef up our spring festival calendar from early Oct (school holidays, after footy finals) to early Nov.

For example, we could expand the OzAsia festival to include an Asian-inspired night market/Garden of Unearthly Delights kind of thing in Victoria Square perhaps?

And consider doing the Northern Lights illuminated buildings at springtime (not Fringe time) to coincide with the OzAsia festival and school holidays. But also light up the historic buildings surrounding Victoria Square?

Post Reply

Who is online

Users browsing this forum: No registered users and 6 guests