An environmentally agreeable building

Going along King St Newtown by bus, past the scatty, ugly, untidy shop fronts I came upon a jewel – a new building (is it a hotel?) on the corner of Watkins and King St.  Nearly complete it will shine among its very much lesser and neglected neighbours.
I hope this is a forerunner of the rejuvenation of King St.  Please assure me that this is so.
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