Sydney's Hellenic Club and hotel operator Veriu will add to the wave of new hotels hitting the Sydney CBD market in coming years, lodging separate development applications for hotels in Sydney's Elizabeth Street and George Street.
Sydney's Hellenic Club has lodged plans for an $18.5 million boutique hotel at 251-253 Elizabeth Street and 238-240 Castlereagh Street, the site of the current Hellenic House.
The existing 6-storey Hellenic House building will make way for a slender hotel designed by CDArchitects.
The 16-level building will accommodate 100 guest rooms and will also include an infinity pool and bar on level 14.
The 3724sq m hotel with a ground floor bar and lounge will sit on a small 327sq m site and link to Alpha Restaurant and Beta Bar located on Castlereagh Street.
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The Hellenic Club, formed in Sydney in 1924, officially opened Hellenic House in 1959.
The existing Alpha Restaurant and Beta Bar will be preserved as part of the proposed development.
“We believe this building provides a piece of Architecture to the city imbued with timelessness, elegance and simplicity,” CDArchitects managing director Ziad Chanine told The Urban Developer.
The new addition to Sydney's CBD will aim to provide "contemporary values responding to Hyde Park, surrounding colonial heritage and modern architecture along Elizabeth Street."
A builder and hotelier have not been announced at this point.
Hotel operator Veriu has lodged plans for a $30 million hotel at 323-325 George Street, opposite Wynyard Park in the heart of Sydney.
Demolition of the existing two-storey building currently occupied by Ugg Australia and Orogold Cosmetics will pave the way for the new ground floor retail below the hotel.
The Mostaghim & Associates-designed building will comprise two levels of retail to George Street, 13-storeys of hotel use accommodating 99 guest rooms with an additional two levels for a rooftop hotel bar.
Veriu now aims to create a landmark CBD hotel after already established a firm grounding in four inner city locations of Broadway, Camperdown, Randwick and Central.
“It’s our point of difference that no hotel is the same – but the core value of creating great spaces to enable guests to explore the local surroundings and feel connected to the city is consistent throughout the network,” Veriu co-founder Rhys Williams said.
Up to 10 new developments are currently taking shape around Hyde Park either under construction or in the approval stage.
Once complete, there could be up to 10,000 new hotel rooms and apartments spanning Elizabeth, Liverpool and College streets.
Earlier this year, Dexus Property Group and Perth billionaire Stan Perron received approval from the City of Sydney for $426 million hotel at 201-217 Elizabeth Street in Sydney’s CBD.
A Macau-based investor also purchased a 21-storey office tower located at 179 Elizabeth Street for $265 million.
Another Elizabeth Street office tower was snapped up by the Mah family for $90.8 million in February. The family also own 287 Elizabeth Street, a 12-storey B grade building.