First look at towering buildings slated for heritage spot on North Terrace
Three towers are expected to create a $300 million transformation of the old John Martin’s warehouse stretching from North Terrace to Rundle Mall. Watch the video.
Singaporean developer Centurion plans to build three towers, including student accommodation up to thirty storeys high, at 200 North Terrace – currently home to a significant sandstone heritage building known as the John Martin’s warehouse.
The other two towers were expected to be a mix of residential and commercial, including retail and hospitality offerings on the ground levels, according to the proposal now facing planning approval – with promising support from the state’s trade and investment minister.
Plans currently include retaining a building constructed in 1867 with a heritage-listed facade and designed by colonial architects, Edmund Wright, Edward John Woods, and Edward Hamilton. It is best known for being a warehouse, owned by prominent Adelaide department store, John Martin & Co, until the store closed in 1998.
The trio of towers were expected to act as a gateway from the university precinct on North Terrace to Rundle Mall, connecting through Gawler Place, and includes a significant heritage building, which the developer says will be “carefully considered” and integrated into the project.
The project will cost about $300 million and is expected to create 400-500 jobs in the building’s operation and construction – which is expected to begin in 2027, subject to planning approvals.
Centurion’s Executive Director and Joint Chairman, David Loh said the development reflects the company – which is also responsible for the Dwell student accommodation in Synagogue Place – believes Adelaide is a stable investment.
“This site’s connectivity, scale and long-term potential make it a compelling opportunity for Centurion,” Loh said. The building at 200 North Terrace was currently vacant.
“South Australia represents a stable and forward-looking investment environment, underpinned by clear regulatory frameworks and constructive engagement across government and industry.”
The 30-storey student accommodation tower was expected to ease the pressure on the city’s housing supply, developers say, driven by the Adelaide University merger and the expectation that about 25 per cent of Adelaide’s projected 70,000 student population will be international students.
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Trade and investment minister Joe Szakacs said the development is a promising example of investment Adelaide is attracting.
“South Australia is attracting significant national and international investment because we offer certainty, partnership and a clear vision for the future,” Szakacs said.
“We are committed to creating an environment where major developments can move forward with clarity, where heritage is respected, and where innovation is encouraged. This project will strengthen the cultural, educational and economic heart of Adelaide, and we welcome Centurion’s long-term commitment to our city.”
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