The redevelopment of the Adelaide Festival Plaza precinct is a step closer following the approval of a $500 million private commercial and retail development at the Plaza.

Walker office building and retail area.

Walker Corporation has received approval from the Development Assessment Commission for the 27-storey office tower which also includes up to three levels of retail development and five levels of carpark.

The development includes a new square, northern promenade and Art Space Plaza, a reimagined Station Road, a new entry to the Adelaide Railway Station and a $90 million upgrade to the Adelaide Festival Centre and proposed SKYCITY Casino expansion.

Together the projects are expected to support about 2500 jobs during construction and at least 400 ongoing jobs when complete.

The revitalisation of the precinct will link Adelaide’s premier Riverbank attractions such as the Adelaide Oval, Adelaide Festival Centre and Adelaide Casino.

The State Government is contributing $180 million towards the Festival Plaza and Adelaide Festival Centre redevelopment with a $40 million contribution from Walker Corporation.

Find out more at the Adelaide Riverbank website.

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