FIVE double-storey terraces will be built on part of the former Charles Sturt University site in central Albury.

Border builder Afonso Building Solutions has lodged a development application for the terraces in Wilson Street in a $2 million project.

The homes could be ready for occupation in a year’s time if Albury Council approves them.

Afonso managing director Pedro Afonso said his firm was excited by the Drysdale Terraces project, named in honour of artist Russell Drysdale who lived in Albury in the 1940s.

The firm has already had several meetings with the council to discuss the plans.

“We came up with some feasibility studies and a concept we thought would work,” he said.

“It’s an inner-city style of living in central Albury.”

Mr Afonso said that with the site so central, those living there would not have to rely on having a car, although the terraces would have garages.

“It’s easy to get around the central business district and it’s luxury-style living,” he said.

“You see similarities in Melbourne and Sydney with terraces in Carlton and Paddington.

“It’s a style we thought would beautifully complement the CSU control plan.”

The work will involve restoring the nearby historic Carmona building.

“It’s a project within a project so we will develop a refurbishment plan,” Mr Afonso said.

“Because it’s a heritage-listed building, we need to tick the right boxes and provide consultation on what we plan to do there.”

Mr Afonso said site owner Zauner Construction would demolish houses on the site within weeks.

That would allow Afonso to take control of the land in the new year.

The company said the earliest staring date for the project was March- April. That would allow the terraces to be built by late next year, ready for marketing.

Mr Afonso said the three-bedroom homes would have a focus on acoustic, thermal and energy efficiency.

There would be an emphasis on high-quality and elegant finishes and generous living and outdoor spaces.

“Properties of this style, quality and aesthetic appearance are not common and, as such, we anticipate Drysdale Terraces will be much sought after,” he said.

“The aim was to create a beautiful landmark while recognising the work and dedication of Russell Drysdale, who appreciated beautiful, picturesque settings.”

More information about the project is available on the website drysdaleterraces.com.au