SUBIACO’S newest and only hotel, boutique cinema, 370-bay carpark, food court, retail and offices will open at the old Ace Cinemas site on Hay Street in August 2017.
The Subi XO precinct branding was announced during a breakfast launch at Subi Sports Bar this morning.
Bordered by Railway Road, Hay and Alvan streets, the precinct will be connected by a retail plaza and include existing office space leased by iiNet at 502 Hay Street, a 10,300 sq m office tower named 500 Hay, hotel and five-screen cinema.
Property consultant Lloyd Collins, who represents owner Dradgin, said the Subi XO block could cover the size of Subiaco Oval.
Lloyd Collins’ sales and leasing manager Paul Collins said he expected Subi XO would encourage further changes and growth in the area.
“We have to turn Hay Street into a two-way street and get rid of the speed bumps,” Mr Collins said.
“We have got to be able to get the people from the CBD into Subiaco.
“I want to see 25,000 cars down Hay Street, that’s how many Beaufort Street gets.”
StayWell Hospitality Group chief executive Simon Wan this morning announced the company had signed a long-term agreement to open the 168-room hotel called Park Regis Subiaco.
Mr Wan said formalising the hotel agreement was an exciting move west for the Sydney-based company, and for the Subiaco community that has “long” had an accommodation shortage.
Park Regis Subiaco will also include a rooftop swimming pool, restaurant and bar.
Subiaco Mayor Heather Henderson said Mr Wan was “on to a winner” with the new Subiaco hotel.
“We (the City of Subiaco) are delighted to have you,” Mrs Henderson said.
“It’s very exciting to see cinemas come back to Subiaco, and I hope the contract will be with Ace as they have been sorely missed over the past few years.
“Subiaco is a sought-after location. We are looking forward to welcoming new businesses and their clients to Subiaco. Congratulations, especially for bringing this to fruition in such a short timeframe.”