Embargo: 0630 Tuesday 27 October 2020
$110M COMO ON THE PARADE LAUNCHES IN NORWOOD
Australasian Property Developments and Rocca Property Group, along with Managing Director Pep Rocca, are excited to announce the launch of COMO, a 30,500sqm mixed-use development that is expected to revitalise the heart of Norwood Parade, with construction on the $110m project expected to commence in 2021.
Located in one of Adelaide’s premier suburbs, COMO will reinforce and revitalise Norwood’s town centre, as a focal point for residents and the surrounding community. The new precinct, designed by award-winning Studio Nine Architects, will feature a revolutionary floating residential village, an expanded next-generation Coles supermarket, 9 retail spaces, 2 levels of office spaces, and an additional 150 car parks.
Starting from $505K and only a five minute drive from the CBD, the boutique selection of 44 apartments, 24 sky terraces and an exclusive penthouse collection, all feature panoramic city views, high ceilings and expansive spaces.
Rocca said he was excited to offer the Norwood community a destination where people want to be.
“We’re proud to announce the launch of COMO, our new mixed-use precinct in the heart of Norwood. Our vision is to revitalise the existing Norwood Mall, turning it into a thriving destination precinct with a vibrancy and vitality that cultivates a unique sense of community.
“This launch is a huge milestone for this project, and we are excited to start construction in early 2021.”
During construction, the project is expected to create around 800 much-needed jobs in construction, and, once complete up to 300 new job opportunities in retail.
Studio Nine Architects Design Director Tony Zappia said the project team was very conscious of providing ample open space to the apartments and townhouses.
"COMO is a unique development, with residential offerings unlike anything currently on the market in Adelaide. The floating village concept allows 24 townhouses to sit perched on the development's third storey podium, achieving views out to the hills and city which wouldn't be possible in a traditional ground level design. The townhouses are surrounded by an urban landscaped courtyard providing community spaces to residents and visitors and creating a 'park in the sky'.
“One of the real strengths of the scheme is the residential interface with George Street and its surrounding context with the introduction of nine high-end apartments, within a three-storey building.”
For Zappia and his team at Studio Nine Architects, this project represents the largest and most prominent project within their portfolio, and they commend Australasian Property Development and Rocca Property Group’s commitment to the project during the recent months.
“In a time where we saw many projects go on hold, Studio Nine and the wider consultant team were able to continue on with the working documentation, keeping to the project timeline. This highlighted Australasian Property Development and Rocca Property Group’s commitment to the project and ability to see opportunity during difficult economic times.
“Australasian Property Development and Rocca Property Group’s loyalty to our practise over the last almost 20 years has seen projects grow from small townhouse developments, to commercial fit-outs, building upgrades and purpose-built facilities, culminating with the COMO redevelopment.”
With convenience at its core, COMO is immersed in life’s essentials, including specialty retail and a newly developed next-generation Coles supermarket. Nine retail spaces will be available, with discussions already in progress with key anchor tenants.
For those working from home in a post-COVID world, COMO offers the perfect mix of business and pleasure with an exclusive boardroom and entertainment space the perfect place for meetings, functions, intimate events or dinners with friends.
The eastern suburb’s idyllic parks and gardens surrounding the project highlights its emphasis on wellness, while exclusive and secure resident underground car and bike parking will provide the ultimate Parade experience without the need to park on the street.
“This project will offer residents, workers and visitors a central, premium location, with a rare opportunity to have the best Norwood has to offer right on your doorstep,” Rocca continued.
“COMO is where life comes together.”