First look: Plans for 10-level medical development on site of old landmark inner-city pub
The proposed redevelopment of Spring Hill’s old International Hotel site will retain the character facade of the pub but its offering will be more hospital grade rather than hospitality.
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IT was once a landmark inner-city pub where punters gathered for “medicinal purposes” with a glass of their beverage of choice in hand.
Well, like the old saying goes ‘the more things change, the more they stay the same’.
But while the redevelopment of the old International Hotel site at Spring Hill will retain the character facade of the pub, its offering will be more hospital grade rather than hospitality.
Plans for a 10-level medical building on the 1745sq m site at 525 Boundary Rd are set to be lodged with Brisbane City Council by Silverstone Developments as early as today.
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“We are very fortunate to be working on a couple of large medical assets given the state of the property market off the back of the fallout of COVID-19,” said Silverstone’s managing director Troy Daffy. “This is one of the asset classes that we feel will not only survive but prosper.”
Silverstone paid $5 million for the site, which is opposite St Andrews War Memorial Hospital.
The proposed new 6072sq m building — designed by PDT Architects — will also comprise 153 car parks, ground floor cafe, rooftop terrace, ambulance bay and hospital-sized lifts.
“We have been working closely with PDT Architects given their experience in medical assets,” Mr Daffy said. “They have done an amazing job in integrating the old character building with the large new medical facility as well a nailing some really functional street activation.”
Mr Daffy said Silverstone Developments was yet to launch any marketing for the building but it had already been approached by three large medical users already with a view to occupying most of the building.
“We are very confident of a strong take up given the quality and uniqueness of the offering,” he said.
“We see a real opportunity in the market to bring on a high quality medical asset that is purpose-built for the tenants’ requirements,” Mr Daffy said.
“There is a lot of medical tenants still in old inferior buildings in and around the city fringe due to the lack of choice for new buildings.”
If given the go ahead by council, construction of the Spring Hill building will begin early next year with completion within 18 months.