44 – 60 Gouger St, Adelaide SA 5000
The combined Market Square and Market Expansion projects will help grow and secure the future of the market district and the neighbouring Adelaide Central Market. The project will see the expansion of the iconic Adelaide Central Market on the ground floor, offering more of what you know and love.

Adelaide Central Market

Will the Market be open during the development?

Yes. The Market you know, and love will remain open for business, trading Tuesday to Saturday.

Will the entrances to the Market remain the same?

The Market will still be accessible from its usual Grote and Gouger street entrances. All access from UPark Central Market will also stay the same.

How many car parks will be available during construction?
The UPark Central Market will have 750 car park spaces available, with Market overflow parking at UPark Andrew St (located across the Market on Grote Street).
How can I provide feedback or contact the Market?
You can provide your feedback by emailing admin@adelaidecentralmarket.com or contacting 8203 7494.

Alternatively, you can visit The Market Stall located off the central
Gouger St entrance during Market trading hours

Market Square and Market Expansion

Why redevelop the Central Market Arcade?
The $400 million redevelopment of the Central Market Arcade will be a catalytic investment in the city creating a new social and commercial heart operating 18 hours a day/ 7 days a week.

The existing Arcade layout and design under-utilised the site’s potential; it had a dated appearance, ageing infrastructure, inactive frontages and a lack of connections through the site.

The redevelopment will support and grow what people already love about the whole market district, securing its future and that of the neighbouring Adelaide Central Market as a world class fresh food destination. The redevelopment will foster a local, diverse and
multicultural place responding to changing consumer needs.

When complete, the development is projected to attract an additional one million people per year to the district, in addition to the nine million people currently visiting.

The Adelaide Central Market does not form part of the redevelopment.

What is proposed to be built on the Central Market Arcade site?

The redevelopment will be a flagship, mixed-use development of national significance, promoting the market district as the premier precinct showcasing the very best of South Australian food, produce and wine.

The Market Square project will incorporate an enhanced and expanded Central Market along with residential apartments, hotel, office accommodation and retail owned by ICD Property.

There will be over 11,000sqm of retail space for market activities, speciality retail and a supermarket tenancy with associated car parking.

Council will retain ownership of 6,000sqm of net lettable area of retail along with 260 public car park spaces and basement loading/ servicing.

Additional features of the redevelopment include:

  • A new north/ south pedestrian laneway through the site connecting Grote and Gouger streets and open 24 hours/ seven days a week, supporting public art and laneway culture.
  • An east/ west link connecting Victoria Square directly to the Adelaide Central Market.
  • A seamless transition between the existing Adelaide Central Market and the extended footprint.
  • A new Market Hall providing volume and natural light supporting events, gatherings, music, food education and demonstrations.
  • Distinctive red brick arches inspired by the historic Adelaide Central Market facades.
  • Integration of 15% affordable housing.
  • A rooftop podium supporting public access, childcare and food and beverage.
  • The design that aligns with Council’s project guiding principles providing a distinctly local feel, informed by the changing needs of the people who shop, live, work and visit the market district.
What is Market Square?
Market Square is the name of the project to redevelop the former Central Market Arcade by extending the ground floor footprint of the Adelaide Central Market to the east, with new residential apartments, a hotel, office accommodation and retail space on multiple storeys.

Located adjacent to the iconic Adelaide Central Market, Market Square is a joint venture project between development company, ICD Property, and the City of Adelaide, and will act as a catalyst for further investment in the city. It will create a new social and commercial hub that will preserve and enhance the Central Market and secure the future of the market district for future generations.

What is the Market Expansion?

The Market Expansion is the name given to describe the ground floor section of the Market Square project. It will extend the footprint of the existing Central Market that you know and love. The Market Expansion will be to the east, towards Victoria Square and will double the Market’s footprint between Gouger and Grote St.

Who is the developer for the Market Square and Market Expansion?

The City of Adelaide has entered into a partnership with ICD Property to redevelop the former Central Market Arcade site which will incorporate an enhanced and expanded Central Market along with residential apartments, hotel, office accommodation and retail owned by ICD Property which is to be named Market Square.

ICD Property is a Melbourne based developer delivering large-scale landmark projects across Australia and New Zealand.

In the past 10 years, ICD has delivered over 1000 residences and various innovative retail and commercial concepts. ICD Property is recognised for award-winning design, collaboration and innovation.

ICD Property will work with Australian property development firm Sinclair Brook and Adelaide architecture firm Woods Bagot.

When will construction commence, and what is the construction period?
Ground-breaking is anticipated in 2022, subject to securing all statutory approvals. The project is expected to take three and half years to complete.

ICD Property and the City of Adelaide will work closely with key stakeholders as it progresses the design, pre-leasing and construction planning.

The construction period for the City of Adelaide’s returnable works comprising 6,000m2 net lettable area of retail, 260 public car park spaces and basement loading/ servicing is estimated at 24-30 months.

The construction period for the whole development, including the City of Adelaide’s returnable works and tower elements, is estimated at three and a half years subject to the construction approach.

Contact and more information

Market Expansion

If you are a specialty food and beverage food offer, artisan producer, fresh food operator or unique SA offering please contact leasing@adelaidecentralmarket.com for more information

Market Square

For more information for interested investors, level 1 retail or commercial tenants, or future home buyers find more at www.marketsquareadelaide.com.au

UPark Central Market

For more information on UPark and UPark Central Market see here.


Adelaide Central Market
General Enquires – 8203 7494 or admin@adelaidecentralmarket.com
Leasing enquires – leasing@adelaidecentralmarket.com

Market Square
Book an appointment to visit the display suite at 211 Victoria Square.
Call Brett Coombs on 0421 323 699 or book here

Office space enquires contact Tom Budarick on 0433 691 974 or James Young on 0411 130 775

8203 7203 or customer@cityofadelaide.com.au