ORTA On The Parade received the green light from the State Commission’s evaluation committee after the design was refined to take into account community feedback.
The project is being jointly developed by Australasian Property Developments, Rocca Property Group and Zollo Property Group.
ORTA is a $95 million mixed-use development at 128 The Parade and will be a focal point for modern living while maintaining Norwood’s village feel and embracing heritage storefronts.
“ORTA On The Parade is our next exciting chapter following the resounding success of COMO in the heart of Norwood,” said Pep Rocca, Managing Director of Australasian Property Developments and Rocca Property.
“This development approval is an important milestone and we look forward to starting construction.”
The site has over 150 years of rich history having been established as Norwood Baptist Church in 1869. ORTA’s design rediscovers the original function of the site by retaining the heritage facade and using an adaptive reimagining of two historic parish halls.
“Maintaining the beautiful heritage features along this strip of The Parade was a defining feature of ORTA’s design which also pays homage to Lake Orta in Italy,” said Rocca.
“People want to reside where there is cosmopolitan life. They want excitement.
Zollo Property Group founder Charlie Zollo said it was great to have another project approved for the Norwood area.
“Zollo Property Group purchased its first site on The Parade over 27 years ago and since then we have continued to invest in the area,” Mr Zollo said.
“We are very pleased to have obtained approval for our latest venture and look forward to transforming this iconic site into a highly anticipated ORTA development.”
The mixed-use neighborhood will offer a luxury lifestyle hub featuring boutique and retail space under 6 floors of spacious residences ranging from two bedrooms to a breathtaking penthouse.
Construction is expected to begin in the coming months and will create around 600 jobs and 200 new jobs in progress will come online in retail and commercial spaces once the project is complete.
Cheesman Architects principal Peter Petrou said the project team embraced Norwood’s heritage, with The Parade’s storefronts incorporated into the design.
“ORTA is a carefully re-imagined development, retaining the beautiful heritage street frontages on The Parade while combining with the striking architecture and modern design of this sought-after new address,” said Mr. Petrou.
- $95 million development
- Eight-story mixed-use neighborhood including a six-story residential offering
- Retail on the ground floor
- First level commercial space
This is just one of many new developments announced in Adelaide. A $50 million development at Colley Terrace is also officially underway – you can read more about that here.