The new owner of Rundle Mall’s City Cross says a $25 million overhaul of the arcade will create more than 500 construction jobs and attract new flagship tenants including SHEIKE, Archer & Holland and Vans.
A series of soaring brick arches will replace the façade of the arcade, which links Adelaide Rundle Mall and Grenfell Street.
Sydney-based property group Revelop bought City Cross from Makris Group for a reported $60 million at the start of this year.
“We purchased this centre knowing that it needed a lot of love both aesthetically, and by bringing the right retail mix to the centre,” said Revelop Managing Director Charbel Hazzouri.
“We are thrilled to announce an exciting mix of new partners.”
Other new tenants are set to include Dumpling House, nail bar House of Polish and beauty and entertainment retailers.
Commercial partner AIE will remain in a rejuvenated new space, expanding to five floors.
The project is expected to be submitted for development approval this month with construction slated to start in 2022.
Revelop says it will engage a builder through a local tender in the coming weeks.