After a series of delays, work has officially started on the $400 million project to demolish the Central Market Arcade for a 39-storey tower with new retail space, offices, an "upscale" hotel, apartments and $10 million penthouse. See the video
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Development Application approved for new Market Square
ICD Property and the City of Adelaide are proud to announce the development application for the upcoming $400 million project has been approved by the State Commission Assessment Panel (SCAP). The Central Market Arcade Redevelopment, which will see an enhanced and expanded Central Market will also include residential, hotel, office accommodation and retail owned by ICD Property – named Market Square.
Located adjacent to the iconic Adelaide Central Market, Market Square is a joint venture project between ICD Property and the City of Adelaide. A catalytic investment in the city, the development will create a new social and commercial hub that will preserve and enhance the Central Market, and secure the future of the market district for future generations.