The South Australian Government has selected national developer MAB Corporation as the preferred proponent for the acquisition, remediation and development of the former Brompton Gasworks site at Adelaide’s central suburb of Bowden.
Bowden is the South Australian Government’s first high density urban infill project. The project is located 2.5 kilometres from Adelaide’s CBD on 5.8 hectares of land bordered by parklands.
The MAB proposal will see the reuse, restoration and opening of former gasworks structures and tunnels in the Heritage Quarter, with a 120-room hotel and an integrated commercial and retail offering. This will incorporate a piazza surrounded by cafes, restaurants and bars.
The MAB proposal included an investment of $459 million in capital expenditure in the site over the life of the project.
The highest economic impact of all proponents during both the construction and operational phases; an average of 190 construction jobs supported per year over the 10 year development cycle with an expected 310 jobs on site during the peak year; and a further 730-1000 ongoing jobs once completed.
MAB has also committed to exceed the 15 per cent affordable housing target across the development, with its proposed residential mix made up of 207 townhouses, 120 zero-carbon affordable apartments, 305 market sale apartments and up to 200 build-to-rent and aged care apartments. This will provide new housing options for an estimated 2200 residents once completed. The development will also include 1180 car parks.
The Bowden project is expected to be completed in 2027.
For more information on the project, click here.