Plans for a $30 million redevelopment of Gawler Chambers on the corner of North Terrace and Gawler Place in Adelaide have been approved by the city’s Development Assessment Commission.
Adelaide Development Company will now progress plans to transform the disused landmark into a 14-storey building for modern office and retail space. Significantly, the century-old façade of the building will be retained and restored to its former glory.
Managing Director of Adelaide Development Company, Fiona Roche, said the company – which has owned the building since 1945 – is delighted with the DAC approval and is looking forward to speaking with prospective tenants before breaking ground on the project in 2014.
“Adelaide Development Company is pleased that the Development Assessment Commission has approved our plans to revitalise Gawler Chambers so that it can once again contribute to the vitality of North Terrace and Gawler Place,” she said.
“This exciting proposal acknowledges the building’s past while looking ahead to the future and has been a collaborative effort between ADC, Matthews Architects and planners of the State Government and Adelaide City Council.
“The redevelopment of Gawler Chambers will breathe life into this landmark location as a key link between the cultural precinct of North Terrace and Rundle Mall, and will complement other work being undertaken to enhance the city’s premier boulevard.”
Ms Roche said Adelaide Development Company will now commence discussions with prospective tenants who will be able to take advantage of a 5-Star Green Star building with unparalleled views across North Terrace – including Government House, the Art Gallery of SA and State Library – as well as the Riverbank Precinct.
“We are creating 6,200sqm of new commercial space in arguably one of the best locations in Adelaide, so we’re expecting plenty of interest from the commercial sector as well as highend retailers who are likely to be attracted to the ground floor tenancies,” she said.
In 2012, Adelaide Development Company is celebrating its 90th year since being established by South Australia’s prominent Roche family in 1922. See http://www.adelaidedevelopment.com.au for more information.