Adelaide Economic Development Agency Supports Central Market Arcade Traders

Last updated 12 Dec, 2022

Adelaide Central Market Arcade traders are making the move to new shopfronts as work on the $400m Market Square redevelopment approaches.

The Adelaide Economic Development Agency (AEDA) has assisted 11 businesses across the Arcade find new homes through its support programs, in conjunction with the City of Adelaide.

Hi Tea, BAQ Jewellers, Persian Art Treasure, Chemist Warehouse and Korn Real Estate have relocated to locations across Gouger, Grote and Sturt Streets.

The Arcade is set to close on Monday 27 June.

Lord Mayor Sandy Verschoor says the Adelaide Central Market will continue to trade as usual throughout the redevelopment.

“This city-shaping project is moving ahead at pace and will deliver an iconic food and wine destination in the heart of Adelaide,” the Lord Mayor says.

“Maintaining pedestrian and loading access is front of mind for us and so we will be providing additional maps and signage to assist shoppers and traders.”

Adelaide Economic Development Agency Managing Director Ian Hill says AEDA is committed to helping impacted retailers continue operating.

"We want to maintain as many traders and businesses as possible in the city and supporting these Arcade tenants to continue what they have worked hard to build is part of our mission," Mr Hill says.

"Importantly, we want to keep our retailers in high foot traffic areas and we're delighted to have assisted them in finding suitable new addresses."

Other tenants that will relocate in the coming months include Perfect Cup, Telstra Shop Gouger St and Orchard Bookshop. 

AEDA and Renew Adelaide helped SEED & STONE find a new home on Pirie St, with works on its new premises underway. 

Owner Tee Smith says the move is the “end of an era”, but the start of a “new chapter”.

She will now brand herself as a salad bar and will also offer grab and go-style lunches to accommodate clientele in the area.

"We’re relaunching and aiming all our products at office workers, rather than the general public,” Ms Smith says.

“It’s a new beginning for us, we’ll find new locals and new regulars, so it is not too bad.

“A lot of people are actually going to follow us down there too, which is really nice.”

If tenants moved out before the end of their lease, Renew Adelaide offered the shopfront to start up traders looking to trial their business briefly.

Renew Adelaide is a not-for profit organisation funded by AEDA to support new ventures in rent-free spaces.

Renew Adelaide Chief Executive Gianna Murphy said keeping the Arcade full was an economic driver.

"Since the Arcade redevelopment was announced in December 2019, we have created opportunities for 8 different start-up ventures and creative enterprises to test and trial their unique concepts, whilst helping to create and maintain precinct vibrancy and activity,” Ms Murphy says.

“It's critical to provide the time and space for startups and entrepreneurs to incubate and develop, and we are thrilled that SEED & STONE will continue as a strong cultural and economic contributor, in their new CBD location on Pirie Street."

Construction of Market Square is scheduled to start in July 2022.

Adelaide Central Market will continue trading as always throughout the redevelopment and remain open every week Tuesday to Saturday.

The Victoria Square Link, which connects the eastern side of the Arcade to Victoria Square and encompasses the travelator to the UPark Central Market, will close in June.

Customer access to the Adelaide Central Market from Victoria Square will be available via the usual Gouger and Grote Street entrances and car park access will be maintained 24 hours via Market lifts and stairs on Gouger and Grote Streets.

Entry to the Market via all street entrances and central escalators remains unchanged and operational throughout Market trading.

Tenants relocated:

· Hi Tea – 79 Grote Street

· BAQ Jewellers – 13B, Market Plaza, 62/72 Gouger Street

· Persian Art Treasure – 14A Market Plaza, 62/72 Gouger Street

· Chemist Warehouse – 57A Gouger Street

· Korn Real Estate – 171-173 Sturt Street