I would rather the park be on the south side of what is going to be a tall building, facing Oxley. That way it would get a lot more sun. Why wouldn't they be pursuing that already?
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You know, I agreed with you by default initially; as it overwhelmingly tends to make sense to position a park on the south side of a site.
But I remembered this chat as I was taking those photos of The Well, and glanced over and noted Oxley was quite dark at mid-day.
These shots are actually from Streetview but appear to reflect my experience.
The streetwall already present on the south side of Oxley is a real barrier to ground-level sunlight.
A shot of Adelaide along the north side shows much more sun.
Now, obviously, the new building will reduce the sunlight on the northerly site quite a bit.
But the width of Adelaide may allow more sun to creep in from the east and west vs the narrow Oxley.
That's not to say you're wrong; but it's not as open and shut as I first thought.