In a significant development, Adelaide Central Market has announced the availability of new tenancies as part of its ambitious expansion project, marking a historic moment for one of Australia’s most iconic markets. Annually attracting over eight million visitors, the market is now poised to undergo a massive transformation, with a completion date set for 2026. The expansion will introduce up to 53 new tenancies, including a diverse mix of traditional stalls, kiosks for food, beverages, and retail outlets, as well as dining and retail experiences along the perimeter. The Adelaide Central Market Authority has opened an Expressions of Interest process, inviting established and emerging food and hospitality businesses to become part of this dynamic venue, which is expected to end on August 31.
A Blend of Tradition and Innovation
General Manager Fabienne Reilly underscored the focus on quality, innovation, and community spirit in the selection process for new tenants. Applicants will need to demonstrate that they align with the Market’s strong commitment to the local community. This entails not only providing top-notch products and services but also fostering a sense of community and encouraging sustainable practices. The new tenancies will span various retail categories, encompassing fresh food and produce, hospitality and catering, hybrid food offerings, and complementary retail. This focus on variety and quality aims to enhance the overall market experience for visitors while adhering to the market’s tradition of offering high-quality, locally-sourced products.
The $400 million Market Square development, a collaborative endeavor between the City of Adelaide and ICD Property, is set to drastically transform the landscape of Adelaide’s central business district (CBD). The project aims to create a significant mixed-use precinct that will serve as a hub for both business and leisure activities. The development will include 234 boutique apartments, additional retail spaces, a supermarket, nine floors of commercial office space, and Australia’s first 248-room Treehouse Hotel. Additionally, an elevated urban terrace will provide a unique, communal space for residents and visitors alike. This ambitious expansion aims to double the market’s current size, ultimately increasing the total number of tenancies to 123 across 6,760 square meters of rentable space, with an estimated 10 million visitors annually.
Strategic Vision and Economic Impact
The leasing campaign’s primary objective is to fill the ground floor of the Market Square development, aligning with ICD Property’s parallel campaign aimed at attracting tenants for level 1. This upper level will feature a boutique supermarket along with other service-based and food and beverage retailers, further diversifying the market’s offerings. The strategic vision behind the project is to cultivate a vibrant, diversified space that drives economic growth and enhances the community fabric of Adelaide. By retaining the Market’s core values while integrating modern amenities and a wider array of retail options, the expansion promises to elevate the market’s status as a central fixture in the city’s cultural and economic landscape.
The overarching trend showcased throughout the development emphasizes community engagement through high-quality, diverse food and retail offerings. This move is expected to significantly uplift Adelaide’s central business district, providing more reasons for locals and tourists to visit and engage with the area. Fabienne Reilly and her team are committed to ensuring that the expansion does not dilute the essence of what makes Adelaide Central Market so special: its unparalleled commitment to community, tradition, and quality. This careful vetting and selection process will ensure that new tenants contribute positively to the market’s vibrant atmosphere and economic ecosystem.
Enriching the Community Through Expansion
The leasing campaign’s main goal is to fill Market Square’s ground floor, in tandem with ICD Property’s effort to attract tenants for level 1. This upper level will house a boutique supermarket and various service-oriented, food, and beverage retailers, broadening the market’s offerings. The project’s strategic vision is to create a dynamic, diverse space that boosts economic growth and enriches Adelaide’s community fabric. By preserving the Market’s core values while integrating modern amenities and a broader range of retail options, the expansion aims to elevate the market’s status as a key part of the city’s cultural and economic scene.
Throughout the development, the focus is on community engagement through high-quality, diverse food and retail options. This initiative is expected to significantly enhance Adelaide’s central business district, attracting both locals and tourists. Fabienne Reilly and her team are dedicated to ensuring the expansion retains Adelaide Central Market’s unique essence: its deep commitment to community, tradition, and quality. A careful vetting process will guarantee new tenants positively contribute to the market’s vibrant atmosphere and economic ecosystem.
