RAH site presents exciting opportunities

Home Media Releases RAH site presents exciting opportunities

RAH site presents exciting opportunitiesToday’s CBD school announcement is welcome news for one of Australia’s most exciting development opportunities – the existing Royal Adelaide Hospital site.”The existing site is without question one of Australia’s most exciting development opportunities – 215,000sqm of CBD land flanked by the Torrens to the north and North Terrace to the south,” said SA Executive Director Daniel Gannon. “At some point over the next two years when the transition takes place from old to new RAH sites, it will leave behind a significant parcel of vacated land and potentially a major vacuum of economic activity. “The existing RAH site currently supports a deep pool of workers and people commuting to the RAH. “Rundle Street alone boasts 100 businesses and provides employment to almost 3,0 people while pedestrian volume is close to 25,000 people per day. “We’re talking 6,000 RAH staff, 70,000 ED patients, 4,000 ICU patients, 83,000 general patients, and 0,000 patients treated through outpatient appointments. “Today’s announcement is welcome news for the property industry – and talk must now turn to identifying and attracting a future use of the existing site. “Future plans for this site must provide economic stimulus to avoid placing at risk thousands of jobs and hundreds of businesses in the eastern quarter of the city. “Of course we also need to bear in mind both the day time and night time economy to ensure ongoing and sustained economic stimulation. “It’s time to think big with the potential for this site, and look at ways of encompassing a mixed-use development comprising residential, retail, tourism and possibly even retirement living. “The existing RAH site has all the trappings to punctuate Adelaide’s CBD with excitement and vibrancy and support long-term ideals to grow our city residential population and create jobs.”