A mixed-use complex on the Ballina Waterfront worth $31 million is set to be developed into apartments.
The application from Reside Living to have the former Sundowner Motor Inn changed into 36 apartments is awaiting confirmation from the Ballina Shire Council.
Should the application be approved it will be the first owner-occupied apartment project to be developed in the Ballina Central Business District for six years. Dean Shay of LJ Hooker Ballina predicts that this represents a new property cycle for the area.
The ground floor will be used as a commercial space, housing a waterfront cafe, restaurant and four other spaces to be used for convenience and medical service providers. Additionally, residents will have access to a communal vegetable garden.
It is hoped that the apartments will appeal to the baby-boomer generation, many of whom are now looking to downsize after their children have left home.
The launch is hoped to take place early in 2014 while construction is set to start midway through the year.
Posted by Steve Douglas