Updated: August 2017
The redevelopment of the Central Market Arcade provides the City of Adelaide with a once in a lifetime opportunity to drive major change within the heart of the Market District.
The Central Market Arcade is one of the cornerstones of the Market District located adjacent the Sir Samuel Way law courts, Hilton Hotel Adelaide, Victoria Square and the iconic Adelaide Central Market which attracts some 8.5 million visitors each year.
Diagram: The footprint of the Central Market Arcade in relation to the Adelaide Central Market.
The City of Adelaide will take control of the Central Market Arcade when the current ground lease, currently with a private owner, expires in late September 2018.
Council has worked collaboratively with stakeholders and considered the ideas and aspirations from Our Market District – the right ingredients for the future, being the subject of extensive stakeholder engagement, to develop the vision for the site as well as a set of objectives and principles to inform the redevelopment.
Central Market Arcade Vision, Objectives and Guiding Principles
The Central Market Arcade Redevelopment will be a catalyst for enriching the city. It will help grow what’s best about the Adelaide Central Market and Market District, into a food and wine destination of international repute, as part of a thriving mixed-use place. A place that appeals to more people, more of the time. It will help achieve Council’s vision where “Adelaide is a welcoming and dynamic city full of rich and diverse experiences.”
The Central Market Arcade Redevelopment will provide the opportunity to grow the market offering with expanded and complementary retail and market activities connecting to Victoria Square. This will support an extension of the fresh food and day-to-day retail offer with new loading facilities, increased public car parking and the potential for a range of uses at the upper levels.
The City of Adelaide is intending to retain ownership of the retail, market offering, increased public car parking and associated loading areas. Retention of these elements by the City of Adelaide will assist to protect and enhance the adjoining Adelaide Central Market.
The Adelaide Central Market will not be redeveloped. In addition, the Central Market Arcade Redevelopment should not negatively impact the buildings or activities of the neighbouring Adelaide Central Market.
Community Land Classification:
Public consultation on the proposal to revoke the Community Land classification of the Central Market Arcade land was held between 23 January and 10 March 2017. A total of 60 submissions were received during the public consultation period.
On Wednesday 26 April 2017 Council considered the submissions, including objections, to the community consultation. The Council report and a summary of submissions can be viewed here.
Having considered the submissions, Council approved to proceed with the revocation of the Community Land classification of the Central Market Arcade land and submitted the proposal to the Minister for Planning for approval.
In June 2017, the Minister granted approval to the Community Land revocation for the Central Market Arcade land. The Community Land revocation will be bought back to Council in August 2017 for final approval.
During the Community Land revocation consultation feedback was also received on what people wanted to see in a future redevelopment of the Central Market Arcade. This feedback will be considered by the City of Adelaide as it progresses with the project. The City of Adelaide will also continue to engage with the community over the life of the project.
Next steps and Timing:
Expression of Interest (EOI) release to the development industry:
The City of Adelaide will undertake a multi-stage Expression of Interest (EOI) process to seek a development partner for the Central Market Arcade site. The Stage 1 of the EOI process will be released via City of Adelaide's property advisor, JLL, and will involve a local, national and international call-out to the development industry. Interested parties will be required to respond to the site Vision, Objectives and Guiding Principles as part of their EOI submission. Developers / consortia shortlisted from the initial EOI will be requested to provide detailed development proposals as part of a Stage 2 process. Click here for further information on Stage 1 of EOI.
The City of Adelaide will appoint a consultancy team to prepare a Retail Study to inform the retail, associated loading/servicing and car parking components of the redevelopment. The Retail Study will build on the site Vision, Objectives and Guiding Principles as well as previous stakeholder and community consultation. The study will explore opportunities to grow a complementary retail offer adjacent the Adelaide Central Market, including expanded market activities and day to day retail services.
Expression of Interest Process:
|Stage 1 EOI launch and process||From 10 August 2017|
|Close of Stage 1 EOI||4 October 2017|
|Shortlist developers for Stage 2 Request for Detailed Proposals||November 2017|
|November 2017 Select preferred development partner||Early 2018|
|Commence study||August 2017|
|Complete study for Council consideration||October 2017|
Further stakeholder and community consultation will be carried out over the life of the project. Council is targeting commencement of works on the Central Market Arcade site by 2020 as outlined in the City of Adelaide 2016-20 Strategic Plan.
For more information contact:
Matthew Rodda – 08 8203 7537
Tom McCready – 08 8203 7313
JLL (regarding the EOI) - 08 8233 8888