A NEW housing development to be built near the River Torrens Linear Park at Marden will be one of Adelaide's most affordable new residential estates, the South Australian Government announced last week, with the development to feature 66 affordable homes.
Housing and Urban Development Minister Tom Koutsantonis said more than 40 per cent of the 158 new homes proposed to be built at River Street, Marden, will be made available to eligible low and moderate income home buyers as part of the Affordable Homes Program.
"By working in partnership with the private sector we have been able to come up with a proposal for a higher-density development that will achieve more than double the current affordable housing target of 15 per cent," Mr Koutsantonis said.
Following an Expression of Interest process, Renewal SA appointed South Australian property developer and construction company Qattro to master plan and develop the 2.1 hectare site. The proposal includes 66 affordable homes comprising townhouses and apartments up to three storeys, and two-storey detached houses.
Qattro Managing Director Bradley Jansen said the site represents a key project for the organisation, with close proximity to the Adelaide CBD and boasting a green outlook to the linear reserve, providing a scenic and active recreational space.
"This site expands Qattro's foothold in the urban infill sector and is a real opportunity to connect with the community and showcase our innovative and modern designs for sustainable living," Mr Jansen said.
"Our vision for the project is to capture the accessibility of the suburb, making full use of the surrounding open space, connectivity to public transport, retail precincts, linear paths and cycle ways.
"We envisage the project will be well received given the master planned nature of the development, with construction commencing as soon as the planning approvals are in place, creating additional near term jobs and apprenticeships for South Australians."
Qattro will work with the relevant authorities to seek approval for their proposed masterplanned development, with construction expected to begin in the middle of this year.
More information about the Affordable Homes Program is available from <http://www.affordablehomes.sa.gov.au/>.