Construction is underway on the $60 million Otto Townhomes development, in Stepney, Adelaide.
The 8300 square metre residential development will see 62 contemporary homes built and house up to 145 new residents, who can begin moving in from April 2023.
Otto Townhomes will be built on the former site of Otto Timber Joinery and Hardware, a local favourite which operated for more than a hundred years.
Project designers Amulet Design and Broadfeather incorporated design influences from heritage architecture and the unique local landscape to honour the history of the site, with the legacy of the Otto name being carried on through this new residential offering.
South Australian Premier Steven Marshall said Otto Townhomes is a tremendous example of revitalisation and forward growth.
“By adding a much-needed residential asset to this vibrant community, we are supporting not only jobs now, but helping to secure the future of Stepney. As a Norwood local, I am especially thrilled to be supporting the influx of migration back into South Australia, with forward thinking developments like this one.”
Amulet Property Managing Director, Patrick Stabile said the company couldn’t be more thrilled to be kicking-off the project.
“South Australians are seeking more than just a home – they are seeking choice, connectivity and community,” Stabile said.
“We are delivering all of that here with Otto Townhomes, building on the existing legacy of place to reshape this iconic site, while creating a new kind of residential opportunity here in this thriving location.”