Heritage Reimagined: Merivale Unveils New Hospitality Precinct
Hospitality powerhouse Merivale has announced plans to transform a cluster of heritage buildings in the heart of the Sydney CBD into a significant hospitality and lifestyle precinct. Dubbed Kings Green, the ambitious 16,300-square-metre masterplan will create an interconnected network of venues spanning five historic properties bordered by King, York, Clarence, and Barrack streets.
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The precinct’s design prioritises heritage conservation, with no major demolitions or reconstructions planned. Instead, the existing buildings’ footprints and heights will be preserved, emphasising adaptive reuse and careful restoration. Merivale’s vision includes boutique hospitality venues, a boutique hotel, wellness facilities, and even office spaces, aiming to balance tradition and innovation.
The development will unfold in stages, with the initial phase focusing on providing each site with a licensed food and beverage venue. Each venue is set to open as its refurbishment is completed. Notably, Hotel CBD, Merivale’s first major redevelopment, will anchor the project and set the tone for the precinct’s style and appeal.
“We want to build on the heritage and memories of our Hotel CBD venue, which we built and have operated since 1995,” Merivale CEO Justin Hemmes said. “Sydney is entering a new and exciting era for hospitality and entertainment, and the opening of the Sydney Metro has been revolutionary for the city by improving ease and access for everyone to the central business district and all it has to offer.”
Kings Green is also aligned with the NSW Government’s goal of creating a $91-billion visitor economy by 2035, which includes delivering 40,000 additional hotel rooms. Hemmes highlighted the project’s potential to support this vision through vibrant, accessible spaces that cater to locals, tourists, and nighttime economy workers alike.
Merivale acquired the heritage buildings at 50 King Street, 73 York Street, 71 York Street, and 312-318 Clarence Street in 2022. Early engagement with the community and stakeholders has commenced, with the precinct promising to redefine Sydney’s hospitality landscape while celebrating its architectural history.
Images via The Urban Developer
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