The latest update from Adelaide Economic Development Agency (AEDA) highlighted that there were major investments in the Lot Fourteen and BioMed City innovation districts along North Terrace, in cutting-edge fields such as space, machine learning, data and health and medical sciences.
The AEDA report does not include a proposed 100-room hotel to be developed on racecourse land as part of a $600 million project at Morphettville Racecourse. It was announced during Destination South Australia last month by the race club CEO, Grant Mayer, who said the trackside precinct will also include new houses and a shopping centre.
Among the new hotels listed by AEDA and approved for development in the Adelaide CBD are a new Westin, set to occupy Adelaide’s tallest building, the $400 million, 37-storey Keystone Tower, rising 183 metres above the city. Apart from a 240-room hotel it will also house conference facilities, a wellness retreat, a three-storey observation deck and student accommodation.
Under construction with cranes towering over Adelaide’s central market is a mixed use building that will house residential apartments plus a Treehouse Hotel with 248 rooms across 10 levels. The $300 million project is due to open in 2026.
Then, adapting an existing Adelaide Metro building in King Wiliam Street by adding another four floors to the existing seven floors will result in a 129-room hotel with a project value of about $10 million.
Construction is also underway on the Little National Hotel on North Terrace which will rise 23 storeys and is due to open later this year with 140 standard rooms, 26 larger rooms and 48 one or two-bedroom suites across 18 levels.
The former Australia Post building on Grote Street is approved for a $125 million mixed use development which includes a 220-room hotel plus apartments and retail, commercial and recreation space.
A twin tower development on a former bus depot site in Franklin Street to be called Tapangka (which means “the experience of the journey” in the language of the Kaurna, the Traditional Owners of the area), will include apartments for about 1,000 people plus a 202-key hotel.
A $30 million plan for an 18-storey, 256-room hotel originally planned to be a TFE hotel worth $30 million has also been approved for Wakefield Street
Alongside this, development of a $58 million 21-storey TraveLodge with 220 rooms on Bentham Street has been approved and Adelaide’s first QT hotel is planned for a $180 million development on Currie Street.
Meanwhile, due for completion by late 2027, is Acadia, a 27-storey hotel and accommodation building on the former Red Cross site on Pirie Street. The $350 million luxury development will feature 242 hotel rooms, a restaurant, bar, pool, spa, gym, outdoor terrace, meeting rooms, 75 residential apartments and 14 affordable studio apartments.
Construction is due to commence shortly on a 111-room hotel, the Veriu, under the Pelligra Group and Veriu Group’s ambitious plan to revitalise a dated building. The hotel is due to open in 2026 on King William Street. The $30 million project offers a mix of studio, interconnecting studio and one-bedroom suites as well as conference and meeting spaces.
Construction is also underway on the five-star Crystalbrook Sam on Halifax Street. The $120 million 13-storey hotel features 206 rooms, a food and beverage offering on level 12 and a rooftop bathhouse and day spa.
Finally, a 15-level Wyndham Hotel is planned for South Terrace with 94 rooms.
