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Market Square

Between Grote and Gouger Streets.

Status Demolition


Value $400m

Timeframe 2021 - 2026

Project Website:     Project Email:
Project Social Media: Facebook & Instagram

Market Square

The $400 million Market Square development is a once-in-a-generation project set to transform the Adelaide CBD.

Market Square is ICD’s first public-private partnership development and flagship South Australian project – a proud joint venture with the City of Adelaide.

Market Square will see the expansion of the iconic Adelaide Central Market, the addition of new retail space, a seven-level all-electric commercial office tower implementing best-in-class sustainability practices, onsite childcare centre, luxury residences, an elevated public garden retreat and an upscale hotel.


Since its launch, Market Square has become the fastest-selling project in Adelaide’s history. It is also set to break the record for most expensive Adelaide property with the sale of an exclusive $10 million penthouse.


This is the ultimate all-in-one destination – a precinct destined to merge accessibility and activation in an unmatched CBD location creating a true zero-minute city and enhancing the lives of residents, workers, market traders, locals and visitors – through the seamless integration of its many uses.


A record-breaking and award-winning project, Market Square’s unprecedented success has been acknowledged in several prestigious award categories.


  The Urban Developer’s 2022 Awards for Excellence in Project Marketing


  The Urban Developer’s 2022 Awards for Excellence in Sustainability


  The Australian Financial Review’s 2022 Award for Most Innovative Company

Demand for Market Square’s exclusive residences has been phenomenal culminating in the sales success of more than 95% of residences within weeks of launching.


This project will help safeguard the future of the iconic heritage site and encourage investment in the precinct to establish a world-class example of a premium mixed-use destination. A place that showcases the very best of South Australian food, wine, produce and businesses for locals and visitors to enjoy. Market Square will be a new social and commercial hub in Adelaide, a prized destination for people to gather, work, eat, shop, visit and play.



Get in touch

For ICD Property, the future is an exhilarating place. Our vision expands, our relationships strengthen and accomplishments are acknowledged. We continue to thrive and excel. The time to partner with us is now.

Our culture is based on the exchange of good ideas and constant dialogue between all members. If you share our egalitarian and creative approach to work (and life), contact us today.

Level 18, 303 Collins Street

Melbourne VIC 3000