The Adelaide Central Market Arcade Redevelopment – to be named Market Square - is a proud joint-venture development between the City of Adelaide and ICD Property.
The redevelopment will see specialty retail added within an expanded Adelaide Central Market, along with new residential and office opportunities and a premium hotel.
The new mixed-use precinct will include world-class public spaces such as an elevated urban garden retreat as well as a grand atrium hall and gathering place, set to showcase the best of South Australia’s makers and purveyors.
The development application for the $400 million project was approved in January 2021. The redevelopment is expected to break ground in the second half of this year and to take 3.5 years for completion.
Market Square is expected to generate a boost of $135 million to the SA economy.
This project signifies the first public-private partnership development for ICD Property, as well as the company’s flagship Adelaide project.