[U/C] Central Market Arcade Redevelopment | 130m | 39 levels

[[Shuz]]

Does anyone know the exact final height? Assuming it's 130m now thereabouts.

[Will]

As per the architectural plans, the floor-to-floor height for the apartment levels is 3.05m. Thus, an extra 2 floors would add an extra 6.1m to the overall height, bringing it to 130m.

[Mpol02]

Really hope this can now push forward. This project is the most exciting of the new potential editions.

It does confirm that the cost of development will pose a big issue for other new projects especially those that won’t have council backing.

[Prodical]

From today - some of the ventilation panels have been removed from the 2nd level and you can see the air con equipment. The lights / power is still on so nothing has moved at all. Sounds like the height increase proposal will go to the next SCAP in April?

[Prodical]

Went past today and the first level windows have been covered with Multiplex signage. That's the first change on the site for months.

Hopefully something substantive will happen soon.

[Vasco]

According to CBRE SA CBD market report just put out;

The Market Square development is rumoured to still be looking for further precommitment to commence construction


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[gnrc_louis]

According to CBRE SA CBD market report just put out;

The Market Square development is rumoured to still be looking for further precommitment to commence construction


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for fucks sake - that isn't good

[timtam20292]

My confidence in this project is dropping immensely.

[gnrc_louis]

Presume it’s just the office component? Considering almost all the apartments have been sold.

[timtam20292]

I didn't think about the office component. OK with that in mind, I'm slightly more confident now.

[SRW]

It's supposed to be a staged development. From the orignal DA:

Stage 1 - Demolition, excavation and construction of basement, southern portion of podium roof top, car parking levels and office tower
Stage 2 - Construction of tourist accommodation/residential tower and balance of podium roof top.

I had forgotten the office tower is Stage 1, and that may hint at the problem. Still, given the apparent success of apartment sales and hopefully a Council commencement deadline, I would've thought they'd look to juggle things around.

In terms of office tenant, I again suggest Le Cordon Bleu. Colocation with the Central Market would be an incredible marketing opportunity. Presumably they're still looking for a new home away from Regency given we've heard nothing more of the proposed hospitality school at Lot 14 since the Marshall Government was booted from office.

[[Shuz]]

I don't see why the office component needs to be built first? Surely they can just swap the staging around.

[Algernon]

Presume it’s just the office component? Considering almost all the apartments have been sold.

CBRE is exclusively commercial real estate.

Can say with confidence that they'd be waiting for a precommitment to the office component which is natural. What is it, 9 levels? wouldn't take much to find someone to fill 3-4 levels of it to get it going.

[[Shuz]]

Services Australia needs more floorspace, they could move in here? The accessibility between the two offices would just be two tram stops away between Victoria Square and Rundle Mall.

[Prodical]

Quick photo of the new Multiplex signage in Gouger Street