Tools in Stepney for $60m townhouse development

Construction of Otto Townhomes began earlier this week, with the Stepney development explaining increased demand for high-density housing on the outskirts of Adelaide.

Designed by Amulet Design and Broadfeather, the $60 million development will bring 62 contemporary homes to Adelaide’s North West. The design references both the heritage architecture and the local landscape of the immediate location of the development to properly honor the site’s history.

Developer Amulet Property managed to sell 80% of the first stage in less than two months, a testament to the demand for high density living in the City of Churches. It is expected that the development will house 145 new residents.

“We couldn’t be more delighted to launch this exciting project here today,” said Patrick Stabile, Managing Director of Amulet Property, at the recent groundbreaking ceremony at the site.

“South Australians are looking for more than just a place to call home – they are looking for choice, connectivity and community. We deliver it all here with Otto Townhomes, building on the place’s existing heritage to reshape this iconic site, while creating a new kind of residential opportunity here in this thriving location.

Otto Townhomes will be built on the former site of Otto Timber Joinery and Hardware, a renowned local favorite that operated for over a hundred years. The development’s name is a direct acknowledgment of the site’s history.

“Otto Townhomes is a tremendous example of revitalization and growth,” said South Australian Premier MP Steven Marshall.

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“By adding a much-needed residential asset to this vibrant community, we are not only supporting jobs now, but helping secure Stepney’s future. As a resident of Norwood, I am especially delighted to support the influx of migrants into South Australia, with forward-thinking developments like this.

The second stage of development has been released, titled Torrens two- and three-bedroom, two-bathroom homes that are still available to buy starting at $719,000.

Residents are expected to move into their homes in April 2023. For more information, visit ottotownhomes.com.au.

Images: provided