The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
LESS THAN 30 DAYS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
4 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
SECURE YOUR SPOTDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
RetailClare BurnettThu 21 Mar 24

Cinematic History Inspires Paddington Hotel Expansion

Paddington Hotel EDM

Plans to add a live music venue to a $33.2-million hotel development have been filed as Central Element puts the DA-approved project up for sale.

The application now with the City of Sydney is to redevelop part of the 25hours Paddington site into an entertainment facility. 

Development consent for a six-storey, 109-room hotel at 1 to 11 Oxford Street in Sydney’s inner east was initially granted to developer Central Element and partner Boston Global Group in 2020. The developer acquired the site in 2018. 

The project is now under construction, adaptively reusing the venue, which was built in 1911, into an upscale, boutique hotel with a restaurant and rooftop bar, conference spaces and lower floor retailers.

But now Central Element wants to sell the project upon completion as it continues its strategy of offloading its hotel developments to focus on high-end residential.

“We are proud of what we have achieved with this project, launching Ennismore’s upscale lifestyle brand 25hours in Australia and CE’s first lifestyle precinct,” Central Element head of lifestyle precincts Dean LaVigne said. 

“The hotel has really been the catalyst for Oxford Street’s reimagining as a premier hospitality and lifestyle destination.

“Nearby development including the proposed SOHO House around the corner on Crown Street and the recently approved redevelopment of the adjacent Verona Cinema site will add to the area’s high-street appeal.”

null
▲ The site will be Australia’s first 25hours hotel, an Ennismore brand in the Accor portfolio.

The developer is also asking for minor modifications to internal layout approved under the original development application to augment its project.

Central Element wants to fit out and use the basement level as an entertainment facility with a capacity for 200 people. 

The hotel will use the area for a range of uses including live music, events, performances and a cinema, according to the development application.

The Central Element/Boston Global Group partnership said it was committed to the successful delivery of the “remarkable” project and that it would act as a key driver of the development of Sydney’s Oxford Street area. 

null
▲ In 2023, Sydney reached record revenue per available room levels at $247, with strong occupancy rates of 79 per cent.

An expressions-of-interest campaign is being managed by JLL. The hotel is slated to open early next year.

The building was initially a picture hall known as West’s Olympia Theatre.

Since the early 20th century, it has been used as offices for the Greek Orthodox Church before becoming a series of entertainment venues, including cinemas.

It ended its career in film when the Academy Twin Theatre on the site closed in 2011.

In 2014 ir reopend as the New Olympia, a temporary live theatre venue.

Central Element is also offloading its DA-approved Minerva Theatre site after winning consent for a $70-million hotel conversion for the Potts Point theatre.

Hoteldo not useAustraliaPlanningPlanningSector
AUTHOR
Clare Burnett
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
View All >
Residential

Consolidated Reveals Next Riverfront Play in $64m Deal

Leon Della Bosca AND Taryn Paris
Wynnum Masterplan hero
Development

Masterplan Revealed for Brisbane Bayside Super-Site

Phil Bartsch
Markets

Private Credit’s Biggest Risk in Expansion: Sameer Chopra

Taryn Paris
In this exclusive member-only webinar CBRE head of research Sameer Chopra explores the growth of the private credit mark…
LATEST
Residential

Consolidated Reveals Next Riverfront Play in $64m Deal

Leon Della Bosca AND Taryn Paris
3 Min
Wynnum Masterplan hero
Development

Masterplan Revealed for Brisbane Bayside Super-Site

Phil Bartsch
4 Min
Markets

Private Credit’s Biggest Risk in Expansion: Sameer Chopra

Taryn Paris
2 Min
Development

Regional Home Designs That Maximise Comfort and Space

Partner Content
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/paddington-olympic-theatre-central-element