You know Port Adelaide? The place with the crazy old warehouse buildings we all wish were New York lofts, but haven’t been redeveloped yet? Oh yeah? Well now might be the time to snap up a bargain before some epic changes come in to play.
Today more than $280m of private developments were announced, which will continue the transformation of the historic maritime precinct of Port Adelaide into a thriving residential, commercial and tourist destination. Proposed development of nearly 23 hectares of waterfront land includes nearly 1300 homes across four precincts.
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 developments announced today in follow a number of initiatives by the government to revitalise the Port including:
- Moving 500 public servants to work in the Port in a new commercial building
- Development of the Hart’s Mill precinct and playground
- Refurbishment of the Flour Shed space at Hart’s Mill for community and exhibition use
- New car parking and street upgrades to St. Vincent Street and Commercial Road
- Façade upgrades of historical buildings including the Waterside Workers Hall, the Visitor Information Centre and Customs House
- Restoration of the Birkenhead Bridge
- A new cycling and walking loop path around Inner Harbour
- A new beach at Cruickshank’s Corner
- New ‘pocket parks’ around the Inner Harbour
- Assisting new businesses start in existing buildings with discounted rent
- The purchase of Incitec Pivot site and moving fertiliser storage out of the Port
- An investment to preserve the tall ships including the One and All and the Falie
- Supporting St Jerome’s Laneway and Wonderwalls Festivals.
For more info hit up the Port Adelaide website here.