Walker Corporation has received approval from the South Australian Government for the delivery of a new Festival Plaza. This project will transform Adelaide city centre into one of the world’s most celebrated city squares.
Inspired by famous international city squares, such as Plaça Catalunya in Barcelona and Leicester Square in London, Festival Plaza Square will feature a combination of dynamic entertainment and social areas, complimented by hospitality, retail and industry leading commercial amenities.
The plan for the site will reinvigorate the city centre from sparse concrete jungle into a thriving hub that will capture and service the people of Adelaide, create a destination that South Australians will truly be proud of and tourists will gravitate.
Chairman of Walker Corporation, Mr Lang Walker said: “This project has huge potential and is the culmination of four years’ hard work, consisting of international research, evolving project concepts and plans, and the negotiation of complex agreements between all involved parties.
“The concept is based on our successful and proven mixed-use approach which will revitalise the city centre. On the cusp of growth, this development will become a major drawcard for Adelaide and attract major national and international businesses,” he added.
The missing piece of the puzzle, Festival Plaza will work as a connection between the city’s most visited public facilities to create a dynamic arts and entertainment centre; interlinking the Adelaide Oval, the railway station, casino, Festival Centre, convention centre and Riverside area.
Walker Corporation will deliver 40,000 square metres of premium office space, and a dynamic restaurant and entertainment precinct featuring cafes, eateries and luxury retail outlets spread over 5,000 square metres.
The precinct will connect the commercial and retail elements and spill out onto the square, activating the area to create a vibrant public meeting place – all serviced by 1,500 new underground car spaces.
Mr Walker said: “This project will give Adelaide one of the world’s most exciting public spaces.”
“The South Australian Government has shown vision and commitment to ensure the people of Adelaide are delivered a multi-purpose and dynamic city square, activated with space for concerts, exhibitions and a range of amenities for both the public and tourists to enjoy day and night,” he added.
In a complex construction program, the creation of the new city centre will run in tandem with a $300 million re-development of the Adelaide Casino and $90 million upgrade of Adelaide Festival Centre. The casino patrons and Government will share spaces in the much needed new carpark which will commence development.
Embodying South Australia’s inherent appreciation of the arts and cultural landscape, the square will be enhanced with new substantial works of art for the enjoyment of visitors and workers alike.
The square has been designed to be an all-year-round destination with ample seating, shelter and dedicated areas for varied entertainment all set within landscaped surroundings, featuring trees, shrubs and water features, providing an ideal location and the capacity to host music and sporting events for thousands of people.
Built to a minimum 5 Green Star standard, the office accommodation is expected to attract blue chip companies from around Australia and overseas.
Mr Walker said: “The combination of premium, efficient office accommodation and adjoining amenities like bars, cafés and restaurants and entertainment is important to achieve an outcome that will ensure its popularity and use.
“We have a strong track record of creating projects where people can work and socialise, whilst delivering an excellent outcome for both the public and corporate tenants,” he added.
The project is expected to commence later this year, with an expected completion date of 2019.
Walker Corporation brings over 50 years’ experience of revitalising tired and under-utilised areas to award-winning mixed used precincts, including King Street Wharf, Broadway Shopping Centre and The Wharf at Woolloomooloo in Sydney; Collins Square in Melbourne and Hope Island in Queensland.