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The region’s appealing lifestyle opportunities and booming industrial sector are seeing developers take advantage.
Developers from near and far are excited by all that Albury Wodonga has to offer, with several new developments in the pipeline that recognise the region’s enviable lifestyle and industrial opportunities.
One of these exciting new developments is The Quarter, a residential, commercial and retail offering to be constructed in the heart of Wodonga’s CBD.
Sydney-based developer of The Quarter, John Mooney of Criterion Property Group, said the region's potential was evident from the moment he drove into Wodonga a few years ago.
“We made a road trip through Victoria a few years ago, and the last town on the trip was Wodonga, and we immediately saw the potential,” he said.
“We love the Victorian regional market and the many regional centres that exist within three hours of Melbourne, and we were really taken by what we saw in Wodonga. The streetscapes are fantastic, and the city has a great feel – we’re here to build on that.”
He said the success of The Hamilton development in Albury provided him with additional confidence to expand his original plans for The Quarter to three levels.
“The Quarter is one of a kind, offering 18 lifestyle apartments of house-size proportions, catering to the many young professionals who live and work in Wodonga and also for those who are looking to downsize and want lifestyle alternatives,” Mr Mooney said.
The Quarter features two main buildings linked by a green landscaped concourse. The North Building boasts an underground carpark, ground floor retail spaces, 12 premium strata-titled offices on the second floor, and then three levels of residential living.
The South Building is a three-level office building offered for lease to both local businesses and government. Construction is expected to get underway from September this year.
“We’re situated opposite Junction Place, and we are building on the great space that already exists and complementing that development – and together, we are building a new, vibrant work-lifestyle precinct in the heart of Wodonga,” Mr Mooney said.
Trevor Broadbent, Station 73 Sales Manager, said Wodonga is the fastest growing regional city in Victoria, and the development would help set the tone for the region’s future.
“Station 73 sits among a mix of entertainment, boutique and retail, cafés and restaurants, which is appealing to downsizers and investors,” he said.
“Each Townhouse is on a separate title with some homes having a personal lift option in addition to stairs, which allows the owner to enjoy the property for their lifetime.”
Both developments are proud to be using local suppliers and tradespeople as much as possible – whether it’s professional and skilled labour or materials.
On the other side of the river in Albury, the upcoming Northpoint Industrial Estate in the Wagga and Kaitlers Road precinct reflects the region’s strong industrial sector and ideal location on a national freight route, the Hume Freeway.
The nine hectare Zauner Construction development will be a premium industrial hub that caters to the needs of a diverse range of businesses – presenting the ideal opportunity for warehouse, distribution and manufacturing users to relocate to this high-exposure location.
L.J Colquhoun Dixon is the selling agent, and Director Andrew Dixon said the take up of industrial land is as strong as ever on the border.
“We’re seeing businesses and new industry move into our region, but there’s also many local organisations taking up industrial land as they expand and grow their operations,” Mr Dixon said.
“There’s a real appetite, particularly in transport, logistics, warehousing but also smaller trades wanting to secure a border base for their operations on Australia’s main transport corridor.”
And these are just some of the exciting new developments on the way for Albury Wodonga. It’s clear the region’s lifestyle offering, strong industries, and connectivity are appealing to developers both locally and from afar.