Reside Living Ballina could break six-year development lull
A $31 million mixed-use apartment complex on the Ballina Riverfront is set to break the six-year development lull in the area if given the green light by the council.
Known as Reside Living Ballina, the former Sundowner Motor Inn site will host 36 apartments aimed at downsizing baby boomers and empty nesters.
Located at 274 River Street, the project will host 794 square metres of ground floor commercial space, including a waterfront café and restaurant tenancy and four other spaces aimed at convenience and medical service providers.
Developed by Reside Living, the apartment complex will feature 21 three-bedroom apartments, 10 two-bedroom apartments and five one-bedroom apartments.
Residents will have access to a communal vegetable garden.
“We believe it certainly heralds a new property cycle for Ballina and the move certainly reflects the developer’s confidence in the area’s strong appeal as a lifestyle destination, especially for the baby boomer market,” says project marketing agent Dean Shay of LJ Hooker Ballina.
“In addition to being one of the most established coastal towns in Northern NSW, Ballina boasts stunning beaches and waterways, and is well serviced by transport, community and commercial infrastructure.”
Shay says the opening of the $640 million Ballina Bypass and the $359 million Banora Point highway upgrade has improved driving times between Ballina and Brisbane.
Simon Green of Reside Living says empty nesters will reap the benefits of being in the centre of the town, close to shops, professional services and recreational pursuits including the local entertainment hub, Baillina RSL.
If approved Reside Living Ballina is set to launch in early 2014 and construction is planned to start mid-2014.
The project is forecasted to create 150 new jobs during the 12 month building phase.