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In the Media

Media articles relating to the Central Market Arcade Redevelopment.

Media releases:

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City-Shaping Market Arcade Plan Gains Momentum - August 10, 2017

The City of Adelaide has given the green light for the next stage of reinvigorating one of the city’s most important commercial sites – the Central Market Arcade.

The Arcade is a cornerstone of the Market District, one of Adelaide’s most popular and distinctive destinations, bustling with shoppers, traders and visitors, and attracting some 8.5 million people each year.

Council has today launched an Expression of Interest (EOI) process seeking potential partners to help develop the site and has appointed global real estate firm JLL to manage this process.

The EOI process is open until 4 October 2017. During that time, JLL will draw on its global reach to identify and collate proposals from local, national and international architects and developers.

Lord Mayor Martin Haese said the City of Adelaide would take control of the Central Market Arcade when the ground lease, currently with a private owner, expires in late September 2018.

“With the last redevelopment occurring in the 1960s, the return of the Central Market Arcade provides Council with a once in a lifetime opportunity to drive major change within the heart of the Market District.

“This site offers the opportunity for a flagship, mixed-use development project which will build upon the success of the City of Adelaide’s Market District and create a world class destination.

“We’re seeking a development partner to leverage its expertise, passion and creativity to deliver an innovative development that is unique to Adelaide.

“Our intention is for this project to underwrite the growth of the city’s Market District into a food and wine destination of international repute.

“We want this to be a place that appeals to more people, more of the time.

The Lord Mayor said the City of Adelaide had worked collaboratively with stakeholders since 2015 as part of consultations around its Our Market District - the right ingredients for the future, to develop a vision, objectives and guiding principles for the site.

Earlier this year Council 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 Minister for Planning has reviewed the Council’s request and granted approval to revoke the community land classification for the purposes of redevelopment.

Commencement of site works is currently targeted for 2020. The Adelaide Central Market itself will not be redeveloped.

Link to the original media release.

Milestone For Central Market Arcade Plans - January 25, 2017

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.

Link to the original media release.

Adelaide Central Market Arcade Master Plan Design Team Appointed - July 7, 2016

Hames Sharley in association with Jensen Planning + Design have been appointed to deliver the Central Market Arcade Redevelopment Plan, a key project for Council’s elected members, which will be considered by Council in late 2016.

The Plan will set out a framework for the redevelopment of the Central Market Arcade site, drawing on the ideas and aspirations within Our Market District, a document produced by Council in 2015.

Lord Mayor Martin Haese said the opportunity to redevelop the Central Market Arcade is a once in a lifetime chance to leave a lasting legacy for generations to come.

“The Central Market Arcade presents a wonderful opportunity to drive major change in the very heart of the Market District, to capitalise on the area adjacent the Adelaide Central Market and celebrate our Central Market’s unique and important place in the hearts of all South Australians,” said Martin.

“It’s important we get this right, and the appointment of the collaborative team of Hames Sharley and Jensen Planning + Design, following a national search and rigorous tender process, will be the first step towards a project which will ultimately benefit city visitors, residents and businesses.

“Council is committed to preserving and enhancing the whole of the Market District and the Central Market Arcade site is very important in this overall goal. It’s fair to say that we are very excited about this project,” he said.

The design team will build on the extensive community engagement that was undertaken for Our Market District which incorporated the ideas gathered from more than 500 people through Council’s Picture Adelaide project, meetings with landowners, traders, public workshops and an ongoing Market District Reference Group with representatives from Council, traders and State Government.

Hames Sharley in association with Jensen Planning + Design has formed a multi-disciplinary team with significant experience in retail and mixed-use master planning. The team is already thinking about the possibilities presented through this unique space.

“We look forward to working with Council, The Central Market Authority and key stakeholders on the master planning process. The opportunity to make an impact and plan for a wonderful centrepiece adjacent the iconic Central Market,” said Caillin Howard, Managing Director of Hames Sharley.

Michael McKeown, Director of Jensen Planning + Design said his team is already starting to think about the possibilities of the space and its location.

“The Arcade was last redeveloped in the late 1960s. For this team it’s a once in a life time opportunity to shape the future of this landmark site,” said Michael.

Council expects to commence work on the Arcade site by 2020 and the project will drive major change within this important part of the City.

“We will take control of the Central Market Arcade when the existing ground lease, with a private owner, expires in late September 2018 which is why commencing the planning now is so important in consider the site’s future potential,” said Martin.

“The Central Market Arcade Redevelopment Plan will build on what is strong within the Market District and work toward making a great place even better.”

Link to the original media release.

Central Market Arcade Traders Can Now Look to the Future - March 23, 2016

Council’s decision at its meeting held last night provides traders with a level of certainty around their tenancies beyond September 2018 and gives them the opportunity to plan for their futures beyond this time.

Lord Mayor Martin Haese said it is important to provide tenants with a level of certainty around their leases and Council’s decision last night enables everyone to begin planning for the future.

“There is no doubt the Arcade is important to the Market District and we value the need to preserve the vibrancy of the Arcade and the neighbouring Adelaide Central Market. With last night’s decision we are now in a position to commence the master planning process for the Arcade site, with potentially, some exciting possibilities,” said Martin.

“I provided advice to Central Market Arcade Traders Association president, Craig Lunn, this morning outlining Council’s decision and will also be holding an information session for all traders.

“The Arcade Redevelopment Plan will consider the ideas and aspirations contained within Our Market District.  It will build on what is strong within the Market District and work toward making a great place even better.

“We would expect to have a redevelopment plan for the Arcade with a focus on capitalising on this iconic district, driving major change and encouraging investment, to consider later in 2016.

“It really is a very exciting time to be operating in the Market District, and the future promises even more excitement and vibrancy in the area.”

Council will offer leases to traders of up to two years commencing on 27 September 2018.  Leases will include redevelopment clauses notifying tenants that they will need to vacate their tenancy within six months of notification.

Arcade traders are being advised to contact their landlord in relation to their existing leasing arrangements given the landlord’s current responsibility under the ground lease.

“We are deliberately advising Arcade traders now, early on in the process, so they have time to really consider and plan for their business’s future with greater certainty,” said Martin.

Further information will be provided as plans progress.

Link to the original media release.

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