Investors eye-off Ballarat’s CBD with plans for massive hotel, residential and office development

March 2, 2023 3:45 pm in by
Image: Plus Architecture / Mair Street view

Ballarat’s Mayor says investment interest in the city is thriving on the back of a major development announcement today.

Planning applications have just been tabled by a Melbourne-based company for a new CBD mecca at the corner of Mair and Lydiard Street North, with plans to create a 5-storey office space, and 7-storey residential block comprising a 100-room hotel.

Cr. Des Hudson says it’s the latest proposal that shows Ballarat has become very attractive to investors.

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“These are not small projects, they’re going to bring jobs, they’re going to be great for the economy especially in terms of further accommodation and bed-nights.”

“We saw recently that Norwich Plaza has been sold and there’s interest down there, all of these investments add up to say, you know what, Ballarat is a pretty good place to come and do business,” Mayor Hudson said.

The development application has been submitted by consultancy firm Urbis on behalf of Nigro Group.