Otello launch new Mile End apartment development to tight Adelaide market
UDIA Award-winning developer Otello is bringing something different to Adelaide's growing inner-west area.
They've just launched Treno, a modern apartment and townhouse development in Mile End. The project will comprise 31 apartments and townhouses on the western side of the CBD, across the road from Mile End Train Station and the picturesque 35-hectare Ellis Park.
Polly Property's James Polacek, who is marketing Treno, says the project's location means it's a rare offering for two reasons.
"The prime location of Treno on Railway Terrace means future residents can't get closer to the park," Polacek says, adding while that alone is a unique selling point, it also adds another string to the bow of the project.
"Due of the proximity to the park and the train station, views encompassing the whole city aren't ever likely to be built out to the east because they're protected, while the zoning to the north and west now doesn't allow for anything to be developed higher than Treno, which means it's unlikely there will ever be anything blocking out those district views."
Polacek is speaking to a lot of downsizers for the project, given it's weighted toward three-bedroom units.
The location is one of the biggest drivers to the project, Pollacek says. The proximity to the train station is suiting those wanting to connect with , while the proximity to Gladys Elphick Park is attracting the active downsizer.
The apartments have been designed by Studio Nine Architects to offer buyers a variety of floorplans. There are three different floorplan configurations for the three-bedroom apartments and three for the penthouses.
The townhouses too have three bedrooms, as well as multiple living areas and balconies which provide direct views of the parkland and the city.
GurnerTM's $1 billion game-changing precinct in Adelaide will also be the first building on the other side of the park, around a kilometre away. That will bring significant hospitality to Adelaide.
There's a number of infrastructure changes coming to Mile End, such as the new state funded women's and children's hospital and some supporting medial industries, which Polacek says will drive a lot of growth in the inner west.
Otello, who has previously developed five modern townhouse developments across Adelaide previously, is joint venture partnering with the builder, so they're invested in the build process of Treno too, which makes for a more cost effective build and accurate construction timeline.
Apartments at Treno start from $629,000. The project is slated for completion in early 2025.
New Apartments for sale in Treno, Mile End