An outline of all major projects underway or planned for construction in South Australia’s capital has been released by the Adelaide Economic Development Agency.
Many of the million-dollar projects are in the triple figure category with three in excess of one billion. The most expensive are the Adelaide Women’s and Children’s Hospital at $3.2 billion and the Australia Post site in Grote Street at $1.25 billion, both of which are in the planning stage.
Following these and under construction is Walker Corporation’s Festival Tower project, a 27-storey commercial office tower with Flinders University already on board as the main tenant. A second tower has been flagged for the site, with the developer’s formal proposal sent to the South Australia Government earlier this year.
The Australian Bragg Centre, a high-tech medical and research facility (pictured) with 11 levels along with three below ground and a price tag of $500 million is under construction by Lendlease. A 14-storey office tower at 60 King William Street is being built for $450 million while an application with the same amount has been lodged for the 28-storey health and research hub, Trinity City.
The $400 million 39-storey Market Square project is under construction while two further $400 million projects lined up for Adelaide are the planned Freemasons Hall/Keystone Tower and the Entrepreneur and Innovation Centre and Hub where siteworks are underway.
Another four multi-million dollar projects are under construction and a further seven have been approved.