Adelaide’s CBD is experiencing a multibillion-dollar transformation with 40 approved projects that will reshape the skyline. These mixed-use developments are designed to combine offices, retail, hospitality, and residential spaces, creating a dynamic environment that thrives day and night. The rejuvenated city will not only become more vibrant and safer but will also boost local business activity and enhance the overall lifestyle.
A Surge in New Homes and Jobs
The city’s growth is marked by the creation of thousands of new homes, including over 1,800 apartments and 300 student accommodation units. Alongside this, 13 new hotels will add over 2,700 rooms, attracting tourists and generating local employment opportunities. The standout 24-storey Central Market development will introduce 600 apartments, reshaping Victoria Square and highlighting Adelaide’s forward-thinking, festival-centric culture.
Projects Underway and Progressing
In addition to the 40 approved projects, $1.33 billion worth of construction is already in progress. Notable projects include the NEXTDC data center, the Entrepreneur and Innovation Centre at Lot Fourteen, and other residential projects that will deliver more than 1,600 apartments and townhouses.
Recent Completions
2024 has also seen the completion of nine major developments, such as the Australian Bragg Centre in the biomed precinct and the new office tower at Festival Plaza, further solidifying Adelaide as a city of innovation and opportunity.
Adelaide is booming!
The conversations I’m having lately with surveyors, planners, financiers, and investment groups confirm that Adelaide is on a roll.
Drop me a line if you want to connect with other like-minded professionals and take advantage of the bright future unfolding across Adelaide.
San Arora – 0450 008 065