Major Projects: The City-Shaping Projects Underway, Approved or Planned in Adelaide

LiveStay, 124 Wakefield Street

Currently under construction in Adelaide’s CBD and scheduled to open in 2028, this project will be Australia’s first combined serviced apartment and co‑living development, delivered under the LiveStay brand.

The building will comprise 240 studio apartments, including 120 Veriu serviced apartments for short‑term stays and 120 UKO co‑living studios catering to medium‑ and longer‑term residents. Shared amenities will include conference facilities, communal spaces, a gym, lobby, guest pantry and on‑site car parking.

Value: $100 million
Status: Under construction

Festival Tower Two, King William Street

The sleek, 38-storey Festival Tower Two development is now under construction at Festival Plaza. Developed by Walker Corporation, the tower is expected to generate more than $1 billion in annual economic activity for the city. It will feature a grand glass foyer offering uninterrupted sightlines between Parliament House and Festival Plaza, along with enhanced public spaces. The building will be the largest commercial tower in Adelaide, spanning almost 50,000 sq m. Under the plan, there will be an additional 800 sq m of public realm space adjacent to Parliament House.

Value: Entire project, with inclusion of Festival Tower One, is worth $2 billion
Status: Under construction

Keystone Tower, 254 North Terrace

The $400 million Keystone Tower on North Terrace will blend history and urban living as part of a joint venture between Pelligra and the Freemasons. The 37-storey building, behind the Grand Lodge of Freemasons Adelaide Masonic Centre, will incorporate a 240-room hotel under Marriot International’s Westin Hotels brand, student accommodation, conference facilities, a business lounge, a wellness retreat and observation deck. The site has also been earmarked as the future location of a new social history museum by the History Trust of South Australia.

Value: $400 million
Status: Under construction

Market Square, east of Adelaide Central Market

Works have commenced on the Market Square development, which is expected to increase annual visitation to Adelaide Central Market to 10 million people. The $400 million project is a joint venture between the City of Adelaide and ICD Property. It includes an expansion of the Market, along with an all-electric commercial office tower, retail space, on-site childcare, hospitality and wellness facilities, new residences and activated public spaces. Following a competitive selection process undertaken by ICD Property and the City of Adelaide, Treehouse Hotels has been appointed to operate a 248-room hotel across 10 levels of the development. The hotel will also feature a restaurant and bar with outdoor seating, as well as a street-front cafe showcasing local produce.

Value: $400 million
Status: Under construction

Lot Fourteen Innovation Centre, North Terrace

The Innovation Centre at Lot Fourteen has been approved. It will offer a dynamic and thriving hub for innovation, commercialisation and business for South Australia. With 77 per cent of its tenancy already pre-committed, the Innovation Centre will be a global leader in the growth of the defence, space, critical technologies and cyber industries. BAE Systems Australia and Australian Defence Technologies Academy are among pre-committed tenants.

Status: Approved

75-79 King William Street

The former Adelaide Metro building on King William Street is set to be refurbished and repurposed into a modern hotel. The State Commission Assessment Panel gave Marco Separovic of Jensen PLUS and Michael Loucas approval for the "adaptive reuse of a seven-storey building", as well as the construction of a further four levels. There will be 129 hotel suites across floors one to six and eight to 11, as well as a basement restaurant.

Value: > $10 million.
Status: Approved

Victoria Tower, 32-38 Grote Street

The AUTA Group is approaching completion of the $200 million, 37-storey apartment Victoria Tower Development. Spanning 1,214 sq m, the development will stand at 122m tall. The tower will feature 285 apartments, including six penthouses spread across the top two floors. Two of these penthouses will offer more than 600sq m of living space. Ground-floor retail spaces will include shops and cafes, along with car parking facilities.

Value: $200 million
Status: Under construction

Women’s and Children’s Hospital

Ground has broken on a new $3.2 billion Women’s and Children’s Hospital in Adelaide at the former SAPOL Barracks site. The Government of South Australia-led development has already seen $306 million invested in early works, including a 1,300-space car park and a two-storey central energy facility. The hospital will be co-located with Royal Adelaide Hospital and Adelaide BioMed City on Port Road. More than 30,000 sq m of Park Lands will be made more accessible to the public through opening, landscaping and paving works, along with new family play facilities and green spaces to enhance patient recovery. It will be 25 per cent larger than the current hospital in North Adelaide.

Value: $3.2 billion
Status: Under construction

Tarrkarri, Aboriginal Art and Culture Centre

Siteworks have commenced on the Aboriginal Art and Culture Centre at Lot Fourteen. However, the project is now under review to determine how to best deliver it as a place of international significance. The project, which was re-costed for $400-$600 million in October 2023, will be known by its Kaurna name Tarrkarri (pronounced ta-ka-ri), which translates to 'the future'. Once completed, the Centre will provide a platform for engaging with the unique cultures and rich stories of Australia’s Aboriginal and Torres Strait Islander people. It is estimated between 485,000 and 581,000 people will visit the centre in its first year, with this figure expected to increase to up to 665,000 people by 2040.

Status: Under review

88 North Terrace

A student accommodation tower at one of the city's oldest landmarks, the 186-year-old Holy Trinity Church on North Terrace, has been approved. The 30-storey building will feature 27 levels of student accommodation, with the remaining three slated to be church facilities. There will be about 1,000 bed spaces, as well as a floor of student amenities including a cinema, yoga studio, gym, games room, kitchen and dining area and outdoor terrace. The historic Holy Trinity Anglican Church building will be preserved and revitalised through conservation efforts. Demolition will be restricted to the more recent additions to the church hall, along with the removal of non-original structures

Value: $350 million
Status: Approved

Little National Adelaide, 100 North Terrace

The Little National boutique hotel chain will expand beyond the East Coast, offering affordable luxury accommodation. The Doma Group will construct the 23-storey building—between the Oaks Embassy and Horizons Tower—to include 140 standard rooms, 26 larger rooms and 48 one- or two-bedroom suites across 18 levels. There will also be a two-storey private lounge and public bar, both with 360-degree views of the Adelaide Hills, beach and Park Lands.

Value: $62 million
Status: Under construction

Australia Post site, Grote Street

The State Commission Assessment Panel has granted Melbourne developer Gurner Group, in conjunction with landowner Kennards Self Storage, approval to build five towers at the former Australia Post site. The tallest structure will be a 28-storey, 95m apartment building on the corner of Grote and Blenheim streets. The development is planned to include 600 apartments, a 220-room hotel, 3,242 sq m of retail space, 2,401 sq m of commercial space and 3,157 sq m of recreation space.

Value: $1.25 billion
Status: Approved

Tapangka, Franklin Street

More affordable housing in the CBD is at the heart of a new multimillion-dollar project to transform the former Franklin Street bus terminal into a twin tower complex. The City of Adelaide has endorsed Renewal SA as the preferred proponent to redevelop the 6,850sq m site that is expected to accommodate more than 1,000 residents across 392 apartments. More than a third of all apartments are flagged as affordable housing for rent or purchase. One tower will be 18 storeys, while the other will be 26 storeys. Plans for the development, named Tapangka (Kaurna for 'the experience of the journey'), also include a 208-key hotel, significant commercial office space along with retail, food and beverage offerings. ABC Adelaide, Country Arts SA, State Theatre Company South Australia and State Opera South Australia will relocate to the site.

Value: $500 million
Status: Under detailed design development.

Journal Student Living, 274 and 275 North Terrace

Journal Student Living, a joint venture between global asset manager Brookfield Asset Management and Citiplan, has proposed transforming land opposite the state’s largest university into one of the city’s premier student housing precincts. The development, which is set to offer a mix of individual and shared accommodation, has been designed to include a spacious public plaza off Frome Street, ground‑floor retail. hospitality tenancies, along with open‑air seating, to activate the precinct and create a vibrant community hub for students and visitors alike.

Value: $400 million
Status: Planned

154 Angas Street

A new over-50s lifestyle development has been given the green light, with the approved project set to offer an affordable alternative to traditional retirement villages. Developer Angus & Gunson Pty Ltd was given approval to build the "vertical village" at 154 Angas Street, which will feature 154 one and two-bedroom apartments.

Status: Approved

196 Grenfell Street (Crown & Anchor)

A 29-storey student accommodation building will be constructed next to the Crown & Anchor after the historic hotel was spared the wrecking ball. Following a groundswell of public backlash over developer Wee Hur Holdings' plan to gut all but the facade of the hotel, colloquially known as "The Cranker", the State Government passed legislation to protect the hotel from demolition. Following Premier of South Australia, the Honourable Peter Malinauskas MP's announcement the pub would be saved, Wee Hur was given the option to increase its building from 19 to 29 storeys.

Status: Under construction

82 Currie Street (The Duke of York Hotel)

The Duke of York Hotel will become a cafe, with a 33-storey student accommodation high-rise towering above it, following approval from the State Commission Assessment Panel. Melbourne developers TAL GP Projects will build the tower which will feature 450 units, ranging from one to four bedrooms, designed to accommodate up to 570 students. The plan includes restoring the hotel's balcony, which faces Currie Street, to its former glory.

Status: Approved

399 King William Street

A 14-storey multi-functional complex at 399 King William Street is now under construction. Under the Festival State Group's plan, the complex will have six floors of office space, with the remainder flagged for residential housing. There will be a rooftop pool, function room and garden.

Status: Under construction

Acadia, 299-311 Pirie Street

A 29-storey hotel and accommodation building has been approved for the former Red Cross site on Pirie Street under developer Auriga's plan to bring "unparalleled luxury" to the precinct. The building will have 242 hotel rooms, a restaurant, bar, 75 residential apartments, 14 affordable studio apartments, a pool, spa, gym, outdoor terrace, meeting rooms, and 153 car parking spaces. The building will be all-electric, with a 7.5-star average NatHERS rating and a 4.5-star NABERS Hotel Rating.

Value: $350 million
Status: Approved

Veriu, 80 King William Street

About 5,000sq m of vacant office space at 80 King William Street will be converted into a 111-room hotel as part of the Pelligra Group and Veriu Group's ambitious development to revitalise the dated building. The hotel will offer a mix of studio, interconnecting studio and one-bedroom suites with fully equipped kitchens. There will also be conference and meeting facilities, as well as a gym and laundry. It also includes five levels of prime commercial office space, with flexible meeting rooms and co-working spaces integrated into the development.

Value: $30 million
Status: Under construction

200 East Terrace

A luxury development at 200 East Terrace—which includes a top storey, four-bedroom penthouse worth $9.6 million—is taking shape, promising to redefine upscale living in Adelaide. The eight-level building features 33 apartments and has already secured at least $60 million worth of sales to local and interstate buyers. International investment group Global Intertrade has partnered with Minuzzo Project Management for the development, which has sweeping views of the city.

Value: $130 million
Status: Under construction

Crystalbrook Sam, 15-19 Halifax Street

Construction has started on a $120 million Crystalbrook Collection Hotel & Resort, replacing a former business carpark at 15-19 Halifax Street. The 13-storey, five-star hotel—called the Crystalbrook Sam—will have 206 rooms, a food and beverage offering on level 12, and the rooftop Eléme Day Spa. The development has "topped out".

Value: $120 million
Status: Under construction

262-268 Waymouth Street

A heritage building that has housed more than 100 businesses since 1910 will be adapted to make way for a 15-storey tower. SA-based architectural firm SMFA's plan to build a 52m tower with 50 apartments has been approved. The locally heritage-listed office building will be partially knocked down, with the main facade and side walls retained. The rear structures, roof and chimneys are slated for demolition.

Status: Approved

60 Pulteney Street (The Block)

Consortium Pulteney Street Student Accommodation Pty Ltd will build a 35-storey development at 60 Pulteney Street under its student-focused brand, WRAP Student Living. The development, which is next to the Pullman Hotel, will have 405 individual and shared accommodation apartments, ground floor retail outlets, a cafe, a mezzanine space, student library and meeting spaces. It replaces the Hindmarsh Square building, often referred to as The Block, that currently houses a record store, wine bar and café. WRAP is an acronym for Work, Rest and Play.

Value: $100 million
Status: Approved

100 Rundle Mall

A plan to demolish part of the David Jones department store in Rundle Mall to make way for a 31-storey commercial tower has been approved. The development will rise at the rear of 100 Rundle Mall, with the northern portion of the Adelaide Central Plaza set to be razed to accommodate the building. It will face 210 North Terrace. A new food and beverage precinct will be developed on level two of the building; level three will feature a new retail area and level four will include end-of-trip and wellness facilities. Plans include 2,736sq m of retail space, 2,013sq m of food and beverage offerings and commercial office tenancies totaling 33,900sq m.

Value: $260 million
Status: Approved

City East Urban Renewal Project

The $900 million City East urban renewal project is set to become among the biggest mixed-use developments in the CBD, featuring more than 700 homes, a 200-room hotel and retail destinations. As part of a bold partnership between the City of Adelaide, state government and community housing providers Junction and Unity Housing, around 8,000sq m of land between Pirie and Flinders streets will be redeveloped to make way for the high-quality homes, 200 of which will be for affordable housing. There will also be a 200-room hotel and other commercial/office space opportunities.

Value: $900 million
Status: Expressions of interest process

134-144 Hutt Street

A 10-storey building with 40 luxury apartments will be constructed at the site of a former petrol station on Hutt Street. Fortis, the development arm of the Pallas Group, and boutique developer Otello have joined forces to deliver the project that includes two basement levels, a two-storey podium and 35m residential tower atop. The plans also include 372sq m of retail space and rooftop solar. The site was more recently home to a bike shop and cafe.

Value: $80 million
Status: Approved

Wyndham Hotel, 81 South Terrace

A 15-level Wyndham Hotel overlooking the southern Park Lands has been planned for the corner of South Terrace and Morphett Street. The 94-room hotel is positioned to replace a single-storey office building, and will have a 9m frontage with rooms at just 10sq m.

Value: < $10 million
Status: Approved

8 Hocking Place

A 14-storey affordable housing development overlooking Whitmore Square has been approved. Most of the 36 apartments will be single bedroom, while the top three floors will have two bedrooms per apartment.

The site is smaller than a tennis court. Architecture firm tectvs led the design. It will be developed by Future Urban on behalf of super fund, Obenox.

Value: > $10 million
Status: Approved

Oakley, 162-168 Gouger Street

The State Commission Assessment Panel has given a 16-storey building with 107 apartments on Gouger Street the green light. Three existing low-rise buildings at 162-168 Gouger Street will be demolished to make way for the development that includes 12 studio, 16 one-bedroom and 64 two-bedroom apartments. The remaining will have three bedrooms or more.

Value: > $10 million
Status: Approved

Franklin Tower, 108-112 Franklin Street

A former Franklin Street pub will be knocked down to make way for two towers—one for residential living and the other for student accommodation. The residential tower will be 24 levels, while the student accommodation building will be a storey higher. The building, which was constructed in 1914, was once home to the Publishers Hotel, as well as the original printing house of the Adelaide Stock and Station Journal/The Stock Journal. The AUTA Group will deliver the project that will be known as Franklin Tower.

Status: Under Construction

200 North Terrace

Singaporean developer Centurion plans to build three towers, including a 30-storey student accommodation building, as part of a $300 million transformation of a sandstone building at 200 North Terrace. The development, formally owned by John Martin & Co and used as a warehouse before the department store closed in 1998, would also house a mix of residential and commercial offerings. There would be retail and hospitality on the ground floor. Under the plan, a building with a heritage-listed facade—designed by colonel architects Edmund Wright, Edward John Woods and Edward Hamilton—would be retained.

Value: $300 million
Status: Planned