The State Planning Commission will assess an application to partially demolish Adelaide Central Plaza in Rundle Mall, which counts David Jones as its anchor tenant.

In a development application lodged on Tuesday, the building’s owner Precision Group said it had applied for “partial demolition of an existing four (4) level retail building and construction of a multi-level mixed-use building”.

Precision Group acquired 100 Rundle Mall in 1999 for $85 million, and the four-storey centre was officially opened in 2000. John Martin’s used to be the major tenant of the Plaza before it was re-developed in the 90s.

In addition to David Jones, there are more than 40 other retailers that call the Plaza home, including Tiffany & Co, Tag Heuer, Pandora, endota spa and The Body Shop.

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According to Precision Group, the building has 27,847sqm of gross lettable area.

In 2023, Precision Group announced it was investing $125 million to “reimagine” Adelaide Central Plaza over the next three years to “further elevate the retail experience”.

This would see the Plaza move towards more of a luxury offering, CEO and managing director Shaun Bonett said at the time.

“With the benefit of the opportunities that this presents, and the continued strength of luxury retail across the globe, we are reimagining Adelaide Central Plaza through a major new investment, to further elevate the retail experience for customers,” he said.

“Along with our luxury group of retailers, we are investing $125 million dollars over the next 3 years to create the first dedicated luxury shopping precinct in Adelaide’s CBD.”

InDaily approached Precision Group for comment on the development application and its plans for the “multi-level mixed-use building”, but did not receive a response by the time of publication.

David Jones owner Anchorage Capital was also approached for comment but did not respond by the time of publication.