Singaporean developer <a href="https://www.apartments.com.au/developers/centurion-global">Centurion</a> has unveiled plans for a major mixed-use redevelopment of the former John Martin &amp; Co warehouse building on Adelaide CBD's dress circle North Terrace.

The $300 million redevelopment will comprise three towers, rising behind and above the preserved 19th-century sandstone façade. The proposal would retain and integrate the heritage-listed structure while introducing a trio of contemporary towers that combine student accommodation, residential apartments, and commercial uses.

There will be apartments to purchase, as well as a 30-storey, purpose-built&nbsp;student accommodation tower, designed to respond to growing demand for dedicated student housing in Adelaide’s CBD.&nbsp;Ground and podium levels across the development are expected to host retail, food and beverage, and entertainment uses, helping to activate the street edge and create stronger pedestrian connections between North Terrace and the nearby Rundle Mall retail precinct.

A key element of the proposal is the preservation of the site’s historic sandstone building, constructed in 1867 and designed by prominent colonial architects Edmund Wright, Edward John Woods, and Edward Hamilton. The building originally operated as a warehouse for the well-known Adelaide department store John Martin &amp; Co before the retailer closed in 1998.

&nbsp;

The site sits opposite several of Adelaide’s most significant cultural institutions, including the Art Gallery of South Australia, the South Australian Museum, the State Library, and the university precinct. Its location places it within a corridor that connects the city’s cultural, education, and retail destinations.

It is the second redevelopment proposal on North Terrace in recent months, with Palumbo Group set to redevelop the heritage-listed former Royal Hotel which has laid vacant for over a decade.

They are planning 211 apartments across two towers, just over a kilometre from Centurion's project.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/sa/palumbo-group-to-redevelop-kent-town-pub-into-new-apartment-development">Palumbo Group to redevelop Kent Town pub into new apartment development</a>

Joel Robinson

Centurion plots $300m triple-tower redevelopment for heritage John Martin’s warehouse on Adelaide’s North Terrace

After laying vacant for over a decade, construction is set to begin on a major residential and mixed-use development at the heritage-listed former Royal Hotel in Kent Town.

The Royal Apartments development by South Australian developer Palumbo Group will deliver 211 new dwellings across two residential towers while preserving and restoring the iconic State Heritage-listed building at 2-8 North Terrace.

<img alt="Royal Hotel" data-entity-type="file" data-entity-uuid="d48b7805-a5b0-42b8-b6bd-64ed49dfb81d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-09%20at%209.15.56%E2%80%AFAM.png?VersionId=vtrtYAaCec5nYrYiNaivmC9d9nyHAXeQ" />

<a href="https://www.apartments.com.au/new-apartments/royal-apartments-2-8-north-terrace-adelaide-sa-5000">Royal Apartments</a> will consist of a 15-level Hills Tower and a 16-level City Tower on the doorstep of the Adelaide Park Lands.

The heritage Royal Hotel building, added to the State Heritage Register in 1986, will be retained and adaptively reused as part of the development.

The development will also include ground-level retail, communal open space including a swimming pool, bicycle parking, and 235 on-site car parks.

<img alt="Royal" data-entity-type="file" data-entity-uuid="c73b6752-a574-4e4a-927d-f36df076b61a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-09%20at%209.20.41%E2%80%AFAM.png?VersionId=EcIGi.Z0ijVPTDkq8jSEFd2pzfw6ryRN" />

Providing housing for key workers is central to this development, with 20 percent of dwellings set aside for doctors, nurses, police officers and other essential workers at a 25 percent reduction of rental costs.

The project is being delivered by South Australian family-owned developer the Palumbo Group, who have over seen several high-quality residential and commercial developments across Adelaide.

Palumbo Group to redevelop Kent Town pub into new apartment development

Southwark Grounds will transform into a fully serviced inner-city neighbourhood, with South Australian developer&nbsp;Commercial &amp; General&nbsp;selected as the master developer to transform two-thirds of the former West End Brewery site.

The State Government will partner with South Australian developer Commercial &amp; General to deliver more than 1,000 homes alongside a supermarket, a childcare centre, an aged care facility and a vibrant hospitality and retail precinct at Adelaide’s newest suburb.

Commercial &amp; General will work with Renewal SA on adaptive reuse of the historic Walkerville Brew Tower, which will anchor the precinct’s public space with hospitality and retail uses.

The newly announced homes, services and amenities form part of the broader 1,300‑home Southwark Grounds development, expanding on five apartment and townhouse projects on the western side of the site announced last year, which will deliver approximately 300 new homes close to services and public transport.

Local development group Commercial &amp; General are known for landmark projects across Adelaide including Eighty‑Eight O’Connell in North Adelaide and WEST at West Lakes.

<img alt="Full vision for Southwark’s transformation revealed" data-entity-type="file" data-entity-uuid="94a4827e-3a6d-4228-85d4-1f209ffd0a00" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Southwark-Grounds-View-2-Artist-Impression.jpg?VersionId=UGDDpeG8RqUm46gmL9p2S3EhO9qUnlwO" />

Commercial &amp; General is now finalising partnerships with a selection of architects and consultants to progress detailed plans and product designs for the precinct. Built form will be delivered by Commercial &amp; General’s integrated building division, Tandem Building, with work expected to begin in 2027.&nbsp;It should take about a decade to deliver the precinct.

Early stages are anticipated to include significant apartment complexes, public parking and the redevelopment of the Walkerville Brew Tower.

Other key elements planned for delivery within the next five years include a vertical residential aged care facility and a purpose-built childcare centre, with a supermarket and supporting retail to follow soon after.

This large section of the precinct will deliver more than 1,000 homes across approximately a dozen apartment buildings, with opportunities for increased yield to be explored through increased height allowances enabled by the recently launched Southwark Grounds Code Amendment.

Commercial &amp; General will also deliver a dedicated 80-space short stay public car park to support anticipated visitor demand, in addition to parking provided within individual apartment developments.

More than 20 per cent of homes within the development area will be allocated to affordable sale or rental, meeting Renewal SA’s increased commitment to affordable housing across the precinct.

Apartment buildings will be framed by activated public thoroughfares and a series of new reserves to be delivered by Renewal SA across 2026 and 2027.

The public realm, which will comprise a minimum of 15 per cent of the overall precinct, will be anchored by a major civic space known as ‘Brewery Green’, connecting the Walkerville Brew Tower to the river.

A detailed masterplan of the precinct alongside product typologies are set to be released later this year.

The State Government has embarked on several strategic infill developments to deliver critical housing supply to South Australia at pace. The Government purchased the Port Road site from Lion Beer Wine &amp; Spirits Pty Ltd in 2023 after the closure of the brewery two years earlier and has since fast tracked the construction of the first homes, set for occupation by the end of this year.

Full vision for Southwark’s transformation revealed

Apartment developer FYVE is continuing to pad out its apartment pipeline.

Having filed an application for <a href="https://www.apartments.com.au/news/nsw/rose-bay-apartment-market-fires-up-with-200m-in-new-developments-filed">19 apartments on Dover Lane</a>, its first development in the eastern suburbs, <a href="https://www.apartments.com.au/developers/fyve">FYVE</a> is taking on another new market, this time in Northbridge, where it is planning 31 apartments on <a href="https://www.apartments.com.au/new-apartments/1-5-baringa-road-northbridge-nsw-2063">Baringa Road</a>.

<img alt="First Look: FYVE lodges plans for boutique 31-apartment project in Sydney’s Northbridge" data-entity-type="file" data-entity-uuid="a971e259-ed8e-4d08-9d3b-feacf3139684" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1772685299976_11zon.jpg?VersionId=l1vSn6Hq1zRTHNONhD3l5rOIhlpN2G9L" />

The development, designed by&nbsp;<a href="https://www.apartments.com.au/architects/wmk-architecture">WMK Architecture</a>&nbsp;and located&nbsp;close to Northbridge Plaza and the suburb’s village centre, will span six levels above basement parking. Large balconies and terraces form a key component of the design, extending the living areas outward while maintaining connections to the surrounding landscape.

The building’s scale and articulation aim to respond to the established residential character of Northbridge while introducing contemporary architectural elements, according to the documents supplied to Willoughby Council.

&nbsp;

<img alt="First Look: FYVE lodges plans for boutique 31-apartment project in Sydney’s Northbridge" data-entity-type="file" data-entity-uuid="3502e584-a397-472f-81a2-298349b47a4b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/699c44c7039d7b9c10230b0b_Northbridge%20Option%201.png?VersionId=1U.uYIPBX7issSkMNgVen.MekKcFOLK0" />

FYVE Head of Strategy and Acquisition Aris Dimos said the Northbridge project reflects the company’s strategy of targeting tightly held locations suited to owner-occupiers.

“Following on from our recent Rose Bay acquisition, Northbridge represents a continuation of our strategy to secure well located opportunities in tightly held, established locations with strong owner-occupier appeal,” Dimos said.

“We look forward to bringing this project to life in one of the Lower North Shore’s most desirable addresses.”

&nbsp;

First Look: FYVE lodges plans for 31 apartments in Northbridge

Brisbane-based <a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co Developments</a> has officially launched its $250million COMO apartment development in Varsity Lakes, while simultaneously commencing construction.&nbsp;

Building work is now underway at COMO following the appointment of <a href="https://www.apartments.com.au/builders/5point-projects">5Point Projects</a> as contractor to deliver the boutique development which will rise on a 2857 sqm site overlooking Lake Orr at 22 Lake Street.

When completed, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO</a> will comprise 156 apartments across 16 levels located in the heart of Varsity Lakes.

[smartcode_project:default project_id=135546 project_image_fid=363515]

The project, which will sit alongside Bond University, will deliver a diverse array of apartment designs comprising one-, two- and three-bedroom residences that have already attracted interest from local and interstate investors as well as an array of owner occupiers looking to gain a foothold in the precinct.

Red &amp; Co, which has largely focused on the Brisbane market in recent years where it has delivered more than 500 apartments and townhouses across 26 projects, has designed COMO to combine tranquil, lakeside living with the vibrant urban convenience of the vibrant Varsity Lakes village.

“We’re thrilled to announce a start to construction of COMO in conjunction with the official launch of the project, our first for the Gold Coast,” said Red &amp; Co Director and Co-Founder David Laverty.

[smartcode_project:default project_id=135546 project_image_fid=363509]

“COMO is superbly positioned to capture the essence of the Varsity Lakes village lifestyle and its thriving café and dining precinct, while delivering a much-needed diverse supply of premium residences for the local market.

“Pre-launch inquiries have been strong among both local and interstate investors and owner-occupiers, including downsizers and upgraders who appreciate the value proposition that COMO represents.”

Prices at COMO start from $1,000,050.

[smartcode_project:default project_id=135546 project_image_fid=363511]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the COMO development incorporates an extensive range of amenities for residents including a 25-metre rooftop lap pool, sundeck, barbecue and dining areas, as well as multiple rooftop pickleball and paddleball courts, a wellness and activity centre, gym, sauna, plunge baths and landscaped gardens.

“COMO presents a rare opportunity to secure a stylish, lifestyle-focused home in one of the Gold Coast’s most sought-after neighbourhoods,” added Laverty.

“The rooftop will be the epicentre of fun for residents with an array of amenities for residents that are quite unique for a boutique project such as this, all while offering spectacular vistas across the Gold Coast as far north as Southport and south to Burleigh.”

[smartcode_project:default project_id=135546 project_image_fid=363514]

&nbsp;

Red &amp; Co has chosen the Varsity Lakes site for its proximity to top-tier schools, major shopping hubs, such as Robina Town Centre and its CBD offering, as well as key Gold Coast transport links, including Varsity Lakes Train Station.

COMO will be located just a short walk to shops, cafes and restaurants in Varsity Lakes and just a 10-minute drive to the Burleigh Heads beachfront.

With construction currently underway, Red &amp; Co anticipates COMO will be completed in 2028.

[smartcode_project_cta:default project_id=135546]

Red & Co to launch debut Gold Coast development Como Varsity Lakes as construction commences

Stadium

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Construction firm John Holland Group have been awarded the $735 million contract to deliver the new Sydney Football Stadium.
The total estimated cost for the new stadium is now $828 million, which includes demolition, contingency and other associated project costs.
It's almost $100 million over the $729 million budget promised. 
Lendlease <a href="/news/lendlease-announced-as-builder-of-new-sydney-football-stadium">originally held the contract</a>, however earlier this year they said they could not complete the project in time or on budget.
It is slated for completion in time for the 2022 NRL Grand Final which is always held in October.
Premier Gladys Berejiklian said the Government’s decision to re-tender the construction stage of the project was the right one.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/18/Stadium2.jpg" alt="">
“By going back to the market, we have delivered on our promise to achieve better value for the people of NSW,” Berejiklian said.
“We have also ensured that the new stadium will be the highest quality, strengthening our ability to attract the very best sporting and entertainment events.”
“While the estimated total cost for this build is higher than what we originally anticipated, it is much better value than what we would have achieved had we not gone back to the market,” Ms Berejiklian said. “It is important to deliver the world class stadium we promised to attract the best events to our State.”
Acting Minister for Sport Geoff Lee said John Holland had committed to delivering the new Sydney Football Stadium in time for the 2022 NRL Grand Final.
“We’ll be working closely with the NRL and our other important sporting partners to finalise a schedule of fixtures for the second half of 2022,” Lee said.
“We’ve seen the benefits contemporary stadiums bring, with the opening of Bankwest Stadium in Parramatta, and we are confident our investment in the Sydney Football Stadium will deliver the same long-term benefits to NSW.”
Minister for Planning Rob Stokes confirmed the project had received planning approvals.
“We are getting on with the job of delivering the best sporting and cultural facilities so that we can create the jobs and investment our State needs,” Stokes said.
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jrobinson-rf4aSBido9

Sydney Football Stadium to cost $100 million over budget

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Western Sydney's new Bankwest Stadium has received praise from hospitality company Accor, who claim the project is leading to a positive local economic impact.
According to a report commissioned by the City of Parramatta Council, Parramatta’s local economy receives a million-dollar boost every time an event is held at the new Bankwest Stadium.
Economic analysis was undertaken by Micromex Research, which revealed three sporting events at the stadium generated an estimated total of $2.92 million for the Parramatta Local Government Area, so far this year.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/4/Bankwest%20stadium%201.jpg" alt="">
Since the opening of Bankwest Stadium, hotels in Parramatta and surrounding areas are reporting apparently unprecedented occupancy levels on event days that are continuing to climb to around 80%, up around 20%, when compared to non-event days. 
Bankwest Stadium has also had an impact on incremental spend, with Novotel Sydney Parramatta, for example, reporting an increase of over 50% spent at the restaurant, bar and parking, on game days. 
Simon McGrath, Chief Operating Officer for Accor Pacific, oversees over 400 hotels across Australia, New Zealand, Fiji, French Polynesia, and Hawaii and says the NSW Government’s decision to invest in Bankwest Stadium as a world-class venue is a great tourism success story, which extends well-beyond the stadium itself. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/4/Bankwest%20stadium%202.jpg" alt="">
The project has not been without controversy however, with fans criticising the design when it opened earlier this year, and suggesting that some seating areas had obstructed views of play.
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Parramatta's new Bankwest Stadium hailed as economic "success story”

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The NSW Government have shortlisted Multiplex and John Holland for the construction of the new Sydney Football Stadium following a blowout with Lendlease last month.
Lendlease was axed for the reconstruction of the stadium shortly after The Australian revealed that Lendlease was chasing tens of millions of dollars more to finish the project when it told the government it was unable to lower the cost.
However Lendlease will continue to oversee stage one demolition work at Allianz Stadium, which is on track for completion by the end of the year.
Minister for Sport John Sidoti said that the delivery of the new Sydney Football Stadium remains on time and on budget.
Both organisations have been invited to participate in a competitive tender process to deliver stage two of the project.
John Sidoti said, “The winning bidder will be announced later this year, following the receipt of stage two planning approval and completion of the tender evaluation.”
“We know that if we want to continue attracting global events we need our stadiums to be the best in the world but the NSW public expects us to negotiate the best price." 
“The NSW Government’s plan delivers the experience fans deserve. The refurbished Stadium Australia will move 46,000 seats up to 25 metres closer to the action to create more atmosphere,” Mr Sidoti said.
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j.ballantyne1990-6AQqhLzZaK

NSW Government shortlist Mutiplex and John Holland after Lendlease stadium construction reversal

<a href="/developers/lendlease-development">Lendlease</a> have been commissioned to build the new Sydney Football Stadium which will replace the Allianz Stadium at Moore Park.

Minister for Sport Stuart Ayres said reaching this major milestone has paved the way for the redevelopment of the Stadium to commence in January 2019.

“NSW deserves the best stadiums and the new Sydney Football Stadium will make us number one again,” Ayres said.&nbsp;

“NSW needs it, we’re delivering it. It’s time to get it done.&nbsp;

<img alt="" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/21/Stadium2.jpg" />

“This stadium will set a new standard for fan experience in Australia. It will kick Melbourne to the kerb and punt Brisbane to reserve grade.”

Ayres said Labor don’t have any positive policies, just plans to cancel major infrastructure projects.&nbsp;

“There will be no F6 Extension, no Western Harbour Tunnel and Beaches Link, no Sydenham to Bankstown Metro rail upgrade and a hole where the Sydney Football Stadium used to be.

“Labor have made it clear they would rather have a hole in the ground than a world class stadium that attracts events and provides a huge boost for jobs and tourism.

“We want the world’s best and biggest events right here in NSW. Labor want to give away the NRL Grand Final for the first time in the State’s history.”

<img alt="" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/21/Stadium3.jpg" />

Treasurer Dominic Perrottet said the <a href="/new-apartments/nsw">NSW</a> Budget was in a strong financial position allowing the Government to invest billions in projects right across the State.

“We are building the next generation of infrastructure for NSW, with more than $87 billion being invested over the next four years,” Perrottet said.

“NSW deserves world class sporting stadiums as part of that commitment. All Labor can offer are Michael "Grinch" Daley's list of cancelled projects.”

Sydney Cricket Ground Trust CEO Kerrie Mather said the new Sydney Football Stadium will be a nationally and globally competitive venue, ensuring that <a href="/new-apartments/sydney-nsw-2000">Sydney</a> remains a preferred destination for major local and international events.

<img alt="" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/21/Stadium4.jpg" />

“We look forward to continuing to work closely with Infrastructure NSW and Lendlease to ensure the redevelopment runs smoothly, on schedule and with as little disruption as possible to the sports, communities and businesses that share the SCG precinct,” Mather said.&nbsp;&nbsp;

“The new stadium is a public asset on public land, like its predecessor, and it will be built for the people of NSW.&nbsp;

“The key difference will be modern facilities that will make it safe, secure and far more welcoming for fans, customers and the community in the future.”&nbsp;

The project will create more than 600 construction jobs and support around 300 jobs once operational.&nbsp;

The stadium is expected to be complete in early 2022.

Stadium

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