The $400m Adelaide Central Market Arcade redevelopment has been approved by the State Commission Assessment Panel, with construction set to begin later this year.
ICD Property and Adelaide City Council announced on Thursday that the State Commission Assessment Panel (SCAP) had approved the development, which is expected to break ground later this year, with construction to take three and a half years.
The project will see the ageing Central Market Arcade demolished for new retail areas and a 38-storey office, hotel and residential building.
“Market Square will be a celebration of the best of South Australia, and feature fresh new retail opportunities”
– Matt Khoo