Work starts on Pacific Pines development at Lennox Head
WORK has started on the $95 million Pacific Pines development at Lennox Head, following its sale to Ballina-based company Clarence Property Group in November last year.
Once the development is complete, it will have 500 homes and house about 1700 people.
Last week saw the first activity on the 80-hectare site - the planting of 5000 littoral rainforest trees.
This revegetation program will continue over the coming weeks, with civil works for the start of Stage 1A expected to start next month.
Clarence Property has awarded the tender for the construction of Stage 1A to Ballina-based Morgans Earthworks, which will be responsible for the construction of the first 51 homesites, the extension of Lakeside Way and Fox Valley Way.
The tender also includes associated water, sewerage and electrical works.
A tender for construction of the new road to link Montwood Dr and Hutley Dr will be called in June.
Clarence Property general manager, Paul Rippon, said they were also working with Ballina Shire Council to build a new 4.5 hectare sporting field as part of the Pacific Pines development.
"This is the largest masterplanned community to be built in Lennox Head in many years, and we are bringing it to market at a time when there is virtually no residential land available for sale in the region," he said.
"We expect to start selling the first 51 lots off-the-plan during the construction phase of Stage 1A, which is expected to last about six months."
Mr Rippon said blocks of land would range between 600sqm and 900sqm.
Pricing has not yet been finalised.
Mr Rippon said the devleopment of Pacific Pines would "put Lennox Head on the map".
"Locals have always known Lennox has plenty of appeal due to its natural beauty, but the added convenience of having new lifestyle amenities like sports fields and a shopping precinct at the doorstep will take Lennox Head to the next level," he said.
There have been issues at the Pacific Pines site since landowners Bob and Judith Pidcock sold it to Petrac for $57 million in 2007.
The following year the Royal Bank of Scotland appointed receivers.
It went back on the market in 2009, but did not attact a buyer.
The bank forged ahead with development plans and in 2012 appointed Lend Lease as the development manager.
Clarence Property bought the site late last year for the bargain price of $15 million.