“We anticipate that our hotel will be regarded as the place to stay for anyone in the arts visiting the city,” said Time & Place director Tim Price. Prefabrication specialist Hickory is undertaking construction of the tower, which was designed by architect Elenberg Fraser and incorporates a brass, steel and stone facade, a reference to the surrounding area’s former industrial use. Guests will also be able to access other amenities in the tower including a lap pool, large-scale gym and a work club with sound-proof podcasting rooms. The new hotel will include a neighbourhood bar, restaurant, rooftop bar and events spaces across 10 levels. Southbank’s appeal is set to be boosted by the completion of a $1.7 billion arts precinct by 2028 and efforts by the City of Melbourne to add more parkland and trees. The new hotel will include a swimming pool on level nine. The Hannah Street Hotel is one of a number of such facilities planned or recently opened in Southbank, a somewhat unloved high-rise concrete jungle across the Yarra from the CBD. This new hotel will be form part of TFE’s more upmarket Collection by TFE portfolio, which includes The Calile in Brisbane and projects in Sydney’s Surry Hills and Melbourne’s Docklands.Īpollo-backed MaxCap invested in the Southbank hotel and apartment project in March last year, making it a seed asset for a diversified property fund targeting total annual returns of at least 18 per cent. TFE’s hotel brands include Vibe, Adina and Quincy. To be called the Hannah Street Hotel, it will be operated by TFE Hotels, a joint venture between the Vidor family’s Toga Group and Singapore’s Far East Orchard. In May, the developer obtained an amended permit for the high-rise project, after enlarging the site to 1370 square metres with the acquisition of a neighbouring property from Crown. Time & Place, which is developing a 30-storey commercial tower on the famous Hotel Lindrum site at the “Paris end” of the city and 600 rental apartments at the Alphington Paper Mill site in the inner north-east (in partnership with the Buxton family), purchased the Southbank site for $29 million in October 2020. The hotel will occupy the lower floors of an apartment tower. Above the hotel there will be 367 apartments, taking the tower’s total end value to $410 million. The 188-room hotel will sit within the podium of a 62-level skyscraper under construction at 90 Queens Bridge Road, behind the Crown Melbourne casino complex. Busy Melbourne developer Time & Place has joined forces with real estate financier MaxCap and Rich Listers the Vidor family on plans to open a $150 million boutique hotel on Melbourne’s Southbank in September 2025.
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