[APP] Central Market Arcade Redevelopment | 124m | 38 levels

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rev
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[APP] Re: Central Market Arcade Redevelopment | ~ 135m | 35 levels

Post by rev »

dbl96 wrote:
Mon Nov 09, 2020 1:04 pm
Rev's comments here are a perfect example of, as I discussed previously, how the emotional can trump the rational in economic decision making. The lack of democracy in China may infuriate Australians, but it is of no logical relevance to a decision about whether to exclude commercial investment from China. The fact that money used to buy some steel and cement comes from undemocratic China does not mean that it will magically destroy Australian democracy. It is just money used to buy steel and cement.

On the other hand, it would completely economically irrational to do as Rev suggests and nullify and forfeit all CCP linked investments. A huge amount of investment in Australia, and specifically in Adelaide, comes from Chinese-backed sources. What would we gain by excluding this investment? Absolutely nothing. Excluding Chinese investment would simply result in more sluggish economic growth rates and increased unemployment for South Australia. How is that desirable in any way?

If we want to prevent our democracy being eroded, we need to focus on strengthening our institutions to prevent corruption generally, not by introducing an irrational ban on all things Chinese.
Blah blah blah.

Your comments are a fine example of ignoring the reality.

The reality is that we aren't dealing with a rational, democratic regime, but a dictatorship hell bent on regional domination and hegemony, who are trying to use economic pressure and debt traps to coerce democratic governmemts into compliance and submission.

It ignores the reality that the CCP regime has security laws which force their citizens, even abroad, to act in their national interest..yes, that means they may act against Australia's interests if the CCP regime demands it.

Look at Chinas behavior over the covid19 investigation that Australia asked for, and was backed by most of the free world. How many of our industries have been hit with tariffs for no reason other then China trying to punish us, and coerce our government into compliance and submission to what the CCP wants? What the hell is wrong with you, why would anyone want to do more business with them, or maintain existing relationships?

So while you cry over an investment that they pulled out of because they weren't happy with scrutiny over their links to the CCP, I say excellent. It goes to show they have something to hide that they don't want anyone looking into. Otherwise they'd stand by their investment with integrity and confidence.

Good riddance. Hopefully more news like this follows, and hopefully we see real and wide ranging investigations into Chinese CCP linked investments, and agreements and so on cancelled.

Btw, China isn't that big of an investor in our country. Out of the 3.8 trillion in foreign investment, only 140 billion comes through Hong Kong. A minuscule amount of that would be in SA. But nice try trying to connect corrupt ccp linked investors to being vital for jobs and economic growth in SA.

Nearly a trillion dollars of investment comes from the USA, 987 billion. 686 from the UK, 348 from Belgium and 241 from Japan.

Almost half therefore comes from our two traditional allies, the UK and USA.

Keep trying to sell Chinese CCP investment as being vital, because we will not only survive without it, but we will also be stronger, safer, and our democratic values and institutions will be free from the corruption and subversion that the CCP breeds.
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[APP] Re: Central Market Arcade Redevelopment | ~ 135m | 35 levels

Post by rhino »

rev wrote:
Mon Nov 09, 2020 2:34 pm

Btw, China isn't that big of an investor in our country ...
… Nearly a trillion dollars of investment comes from the USA, 987 billion. 686 from the UK, 348 from Belgium and 241 from Japan.
The next biggest is China (for all intents and purposes Hong Kong and China can be lumped together in this scenario now) with 218.9 billion.

While I don't particularly disagree with your point of view, $219 billion would make China a pretty big investor, from a "not to be ignored" point of view, don't you think?
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[APP] Re: Central Market Arcade Redevelopment | ~ 135m | 35 levels

Post by cmet »

Our relationship with China is massively important, not because of their FDI in Australia but because of the fact that roughly 30% of our exports go to China..
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[APP] Re: Central Market Arcade Redevelopment | ~ 135m | 35 levels

Post by Ben »

Anyway back to this development. The Market pharmacy has closed and relocated across the road on Gouger. The Honey Shoppe has relocated and opened in the mall linking the markets to china town.
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[APP] Re: Central Market Arcade Redevelopment | ~ 135m | 35 levels

Post by SRW »

Ben wrote:
Mon Nov 09, 2020 6:49 pm
Anyway back to this development. The Market pharmacy has closed and relocated across the road on Gouger. The Honey Shoppe has relocated and opened in the mall linking the markets to china town.
Pretty sure Skala bakery has relocated too; saw their stall in the market proper, but didn't go through the arcade to see if that had closed.
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[APP] Re: Central Market Arcade Redevelopment | ~ 135m | 35 levels

Post by Norman »

SRW wrote:
Mon Nov 09, 2020 7:23 pm
Ben wrote:
Mon Nov 09, 2020 6:49 pm
Anyway back to this development. The Market pharmacy has closed and relocated across the road on Gouger. The Honey Shoppe has relocated and opened in the mall linking the markets to china town.
Pretty sure Skala bakery has relocated too; saw their stall in the market proper, but didn't go through the arcade to see if that had closed.
Skala Bakery is still open in the arcade.
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[APP] Re: Central Market Arcade Redevelopment | ~ 135m | 35 levels

Post by Patrick_27 »

Norman wrote:
Mon Nov 09, 2020 9:57 pm
SRW wrote:
Mon Nov 09, 2020 7:23 pm
Ben wrote:
Mon Nov 09, 2020 6:49 pm
Anyway back to this development. The Market pharmacy has closed and relocated across the road on Gouger. The Honey Shoppe has relocated and opened in the mall linking the markets to china town.
Pretty sure Skala bakery has relocated too; saw their stall in the market proper, but didn't go through the arcade to see if that had closed.
Skala Bakery is still open in the arcade.
Skala is moving in the last week of November. They would have moved months ago but were waiting on Central Market Management to approve the refurb for their new site in the Market itself.
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[APP] Re: Central Market Arcade Redevelopment | ~ 135m | 35 levels

Post by Ben »

From the Advertiser:
Samtass Bros Seafood closes; Haigh’s set to open in Adelaide Central Market

Haigh’s Chocolates will open its first store at the Adelaide Central Market, as Samtass Bros Seafood closes its Gouger St shop.

Haigh’s Chocolates is moving into the Adelaide Central Market, taking over the Gouger St shopfront formerly occupied by Samtass Bros Seafoods.

Family-owned fish retailer Samtass, which had operated at the Market for 25 years, did not renew their lease at the end of 2020.
Haigh’s marketing manager Fiona Krawczyk said the new store, set to open in April, would reflect a more contemporary look, mirroring their most recent opening in Sydney’s Castle Towers.

“It will be a whole new store, from floor to ceiling,” said Ms Krawczyk, adding that their current Market Arcade site would continue to trade until April. She said the investment was not yet known, as Samtass was still “bumping out”.

The switch from fresh fish to chocolate frogs marks the latest of a string of changes at the Market in recent years. Cactus Fruit & Veg closed in May 2020 after more than 30 years of trade, with Angelakis Brothers seafood moving in from their former Market Arcade site.
Other recent closures include Carousel Nut Bar (Jan 2020) and T Bar tea salon (May), both having traded in the Market for around 20 years. Baker’s Delight, Plantation Juice Co., Jamface by Poh and Comida Spanish eatery have also left.

Samtass did not return The Advertiser’s call yesterday, however it’s understood the business’s lease agreement was being discussed towards the end of last year.

“After serving the market community for over 25 years with a quality seafood offering and loyal customer base, ACMA wishes Samtass well for the future and would certainly welcome Samtass Bros back to the Market in future,” Adelaide Central Market Authority general manager Jodie Kannane said.

“There have been some recent departures, retirements and food businesses that have incubated at the Market and transitioned to other locations. The vision for the Market is to continue to operate as the world’s leading food and produce market.”

The Market would not comment on whether rent or proposed investment in renovation formed part of the discussions, as “lease arrangements are treated as commercial in confidence”.

“The Market has seen some significant investment in stall expansions by existing and fit outs by new traders,” Ms Kannane said.
Recent refurbishments include that of Marino Meat & Food Store, which enlisted popular architectural firm Sans-Arc Studio to update its look, and House of Health Collective. Newer traders include Gerwurzhaus spice bar.

Adelaide City Council is currently undertaking a $400 million redevelopment of the Adelaide Central Market Arcade, which will include additional retail and office space, a hotel and apartments, a childcare centre and public rooftop.
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[APP] Re: Central Market Arcade Redevelopment | ~ 135m | 35 levels

Post by SRW »

That's good for Haigh's. It was always oddly positioned on the interior, and it's nice for the Market to have a legacy brand facing the street.
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[APP] Re: Central Market Arcade Redevelopment | 124m | 38 levels

Post by Ben »

124m high. This will be amazing for Adelaide.

Plans online at:

https://www.saplanningcommission.sa.gov ... ments_.pdf

Expected to be approved next week.
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[APP] Re: Central Market Arcade Redevelopment | 124m | 38 levels

Post by SRW »

Thanks for sharing Ben.

It's probably the biggest development in the city since the Myer Centre, so definitely exciting. And hopefully soon underway.

Some initial thoughts:
  • The podium level public open space is a real win. Imagine if this open space extended across the Central Market proper and Market Plaza/Chinatown. I hope one day we might be able to see this expanse become something like the Nature Urbaine rooftop farm in Paris (along with colocating Le Cordon Bleu) to create an unparalleled food attraction.
  • I think they're being overly ambitious with the amount of above ground retail tenancies they expect to fill. Better to just make the supermarket larger.
  • Absolutely hate the idea of elevated/suspended retail over the new laneway link! Why create an open lane just to cover it over? Deletion of these elements should be a condition for approval.
  • Disappointed that the slip lane and loading bay is expected to remain on Grote St.
  • Disappointed that little consideration has so far been given to integrated public realm upgrades (including the Victoria Square link, although glad the escalators will at least be removed).
Last edited by SRW on Fri Jan 22, 2021 11:25 pm, edited 1 time in total.
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[APP] Re: Central Market Arcade Redevelopment | 124m | 38 levels

Post by Patrick_27 »

Now just imagine that the Adelaide Casino occupied the Samuel Way building and the Hilton site... That planned laneway between the Market Arcade and these buildings would be a hive of activity all day long; day trade from the Markets, night trade from the Casino.

Missed opportunity to have the Hospitality and Tourism school located above this site. There's a project that would have further solidified icon status of the Markets globally, and instead the ACC are building apartments, ANOTHER hotel, and commercial space that either won't meet full capacity or will take tenants away from existing spaces elsewhere in the CBD.

Also, seems stupid putting a supermarket on level two, would have thought basement level would make more sense.
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[APP] Re: Central Market Arcade Redevelopment | 124m | 38 levels

Post by SRW »

Patrick_27 wrote:
Thu Jan 21, 2021 10:59 pm
Now just imagine that the Adelaide Casino occupied the Samuel Way building and the Hilton site... That planned laneway between the Market Arcade and these buildings would be a hive of activity all day long; day trade from the Markets, night trade from the Casino.

Missed opportunity to have the Hospitality and Tourism school located above this site. There's a project that would have further solidified icon status of the Markets globally, and instead the ACC are building apartments, ANOTHER hotel, and commercial space that either won't meet full capacity or will take tenants away from existing spaces elsewhere in the CBD.

Also, seems stupid putting a supermarket on level two, would have thought basement level would make more sense.
I imagine the commercial space would be more than adequate for the hospitality and tourism school, were the Marshall Government of a mind to support it there rather than Lot Fourteen. Hotel and residential are appropriate uses of the remainder of the site IMO. The market plaza site will no doubt also be redeveloped in the next 10-15 years, so there will be further opportunities to improve the precinct.
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[APP] Re: Central Market Arcade Redevelopment | 124m | 38 levels

Post by shiftaling »

Thanks for the link - it's so interesting for a layperson to be able to go through and observe all of the considerations that go into such a project. I agree that this will be a tremendous boon for the area, I'm really looking forward to seeing what kind of events and uses the good citizens put the new spaces to!

I am wondering what kind of retail outlet would suitably open directly into an indoor carpark - I'm trying to think of any other similar setup and can't think of any. I can't believe they proposed it initially without a "pedestrian zone".
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[APP] Re: Central Market Arcade Redevelopment | 124m | 38 levels

Post by I Follow PAFC »

Behind a paywall.
$400m Central Market revamp approved
A $400m project to redevelop the Adelaide Central Market Arcade has been approved, with construction expected to start this year.

https://www.adelaidenow.com.au/messenge ... 029bfe5bba
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