THE transformation of the historic maritime precinct of Port Adelaide into a thriving residential, commercial and tourist destination is set to continue under the proposed development of nearly 23 hectares of waterfront land, the South Australian Government announced last week.
Two Australian developers and a South Australian construction company have been selected as preferred proponents for five parcels of land on the inner harbor.
The proposals include nearly 1,300 homes across four precincts including:
- 760 homes at Dock 1 and Port Approach (South) in the east of the inner harbour, to be developed by Starfish Developments; and
- 500 homes in the North West and Fletcher's Slip precincts in the west and north of the inner harbour to be developed by Cedar Woods.
A promenade around the inner harbour is proposed maintaining public access to the waterfront, and the old Marine and Harbors building is to be redeveloped into apartments and retail premises, as well as an observation deck and an outdoor cinema.
The residential developments are expected to support about 250 direct and indirect jobs a year during seven years of construction and will generate about $280 million in private investment.
South Australian construction firm York Civil plans to refurbish the former Primary Industries and Resources SA building at Cruickshank's Corner and relocate its national headquarters to this site in the Port.
It will initially move about 90 staff to the refurbished building with longer term plans to accommodate up to 500 people in a further new building at the site.
The first stage of the York Civil project is expected to start this year, supporting about 50 jobs during construction and generating private investment of about $2.5 million.
The three projects aim to deliver the aims and objectives of the Port Adelaide Precinct Plan, which was released in 2014 and identified potential investment in the Port of more than $1 billion, including about 2,000 new homes, more than 350 construction jobs a year and up to 2,000 ongoing jobs.
According to the plan, the maximum building height across all five precincts is five storeys, with the exception of the existing seven-storey former Marine and Harbours building which will be retained.