25 Jan, 2017

Milestone For Central Market Arcade Plans

Adelaide City Council has given the green light to the next stage of redeveloping the Central Market Arcade.

Council has supported the commencement of community consultation about the redevelopment and to proceed with a process for the revocation of the Central Market Arcade land.

The Central Market itself will not be redeveloped.

Lord Mayor Martin Haese said Council would again become the landlord of the Central Market Arcade when the current ground lease expired in late September 2018, providing a great opportunity to realise the site’s future potential.

“The redevelopment of the Arcade site provides us with the opportunity to grow the Central Market with an expanded and complementary retail and market offer connecting to Victoria Square,” said Martin.

“It will build upon what people already love about the Market District – and make a great place even better.

“It will create a food and wine destination of international repute, capitalising on the Central Market’s importance as a South Australian icon.

“This is all about using a once-in-a-lifetime opportunity to upgrade the Arcade to create a world class destination offering a thriving mixed-use public space, and expanded fresh food and retail offer.

“Council is targeting commencement of works on the Arcade site by 2020 to drive exciting change within this important part of the city.”

Council intends to retain ownership of the retail, market offering, additional public car parking and associated loading areas within the Arcade redevelopment. This will assist to protect and enhance the adjoining Central Market.

The Lord Mayor said Council’s aspirations for the Arcade redevelopment had been informed by the extensive community and stakeholder engagement that was undertaken for Our Market District which incorporated the ideas gathered from more than 500 people.

Council’s vision, objectives, guiding principles and supporting information on the future possibilities for the Arcade site are being released to the public, with community consultation to be undertaken on a statutory process for Community Land revocation. This is a requirement under the Local Government Act 1999 as land classified as Community Land cannot be sold or transferred unless it has been revoked from the classification. The consultation also provides the community with the opportunity to provide ideas about how the site can be best used in the future.

The consultation period is now closed.

Matt Halliwell