$260m Redevelopment of 200 North Terrace a Response to Stimulus
A joint venture between Commercial & General and Le Cordon Bleu has submitted plans to the Development Assessment Commission for approval to redevelop 200 North Terrace.
The $260 million redevelopment would create 26,000m2 of office and 4,000m2 of retail space across 18 storeys, with a targeted 5-star Green Star certification.
Commercial & General CEO Trevor Cooke said the development was in part a response to the State Government’s $60 million North Terrace tram extension.
“The State Government’s investment in the extension of the tram line is designed as a stimulus for development along North Terrace, and we’re responding to that,” he said.
“We have taken a careful and methodical approach to the design, and believe this will create the premier workplace, retail and lifestyle address on North Terrace.
“We’re currently negotiating with blue-chip organisations about taking cornerstone tenancies and we’re confident that we will be in a position to start construction early next year.”
The building will include the new South Australian headquarters of internationally-renowned culinary and hospitality education institute, Le Cordon Bleu.
“Le Cordon Bleu’s Australian academic headquarters have been based in Adelaide since 1992, so it is fitting that we now look to a new, outstanding facility for our expanding operations,” said Nick Gurner, Director of Le Cordon Bleu Australia.
“This building and its location will offer first-class platform from which to further grow our business and further contribute to South Australian economy.”
Once approved, construction would be complete by mid-2020.
Address: 200 North Terrace
Project Value: $260m