National developer Peet is celebrating a series of milestones this month as demand for terrace and apartment living at Tonsley Village, a partnership project with Renewal SA, continues to surge.
Marking a significant step toward their vision of delivering more than 850 new homes within the Tonsley Innovation District, Peet has announced the final sale of all terrace homes in the master-planned community.
“Peet has reached a major milestone at Tonsley Village with all 555 terrace homes now sold,” said Mark Devine, State Manager of Peet.
The ASX-listed company has completed 320 of its terrace homes, with 105 currently under construction, while momentum builds on its nearby apartment developments.
“We continue to see a strong demand for our apartments, which offer a convenient and low-maintenance lifestyle,” Mr Devine said.
“There have been 239 apartments sold, with nearly 100 apartments completed and handed over to new residents in the past 12 months.”
These achievements follow the May opening of the Village Green, a landscaped central reserve at the heart of the residential precinct.
“The recent completion of the Tonsley Village Central Reserve has marked another important milestone for the community,” Mr Devine said.
“This beautifully landscaped 6,773-square-metre space has quickly become a daily destination for residents and visitors alike.”
He described the reserve as a symbol of Tonsley Village’s transformation into a vibrant, lived-in community, where neighbours gather for BBQs and children play on the Chrysler Charger-themed structure.
Peet is also preparing to release the final homes in its popular Neon Apartments development later this year.
Renewal SA selected Peet as the preferred proponent for the Tonsley Village site in 2016 as the residential component of Tonsley Innovation District, following an extensive Expression of Interest process.
Residential sales began in 2018, launching a nine-year program to deliver the master-planned community.
Today, an estimated 1,100 residents call Tonsley Village home.