A second apartment project has got the seal of approval for Nelson Bay in as many months.
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Port Stephens Council unanimously approved plans on Tuesday night for the 17 unit, six storey project at 65-67 Donald Street, Nelson Bay.
It followed the approval of the Ascent apartments in May for Church Street site, which at 32 metres high upset some.
“[Donald Street] is a much more attractive looking design than [Aspect] a block or two back,” Cr John Nell said.
“It shows we don’t need to go higher so the argument we need to go higher to get a better design and for developers to make money doesn’t stack up.”
Cr John Morello welcomed the development.
“We really need to get people living in the CBD and this is a great start,” he said.
“It’s pleasing that this has a good mixture of one and two bedroom units to suit buyers.”
Acting mayor Chris Doohan said the apartments were the start of exciting times ahead.
“We’ve been asked by residents and the [Tomaree] Business Chamber to revitalise the town centre and this is the perfect opportunity.”
The Donald Street project is the work of Nelson Bay Developments director Silvano Frassetto.
Mr Frassetto told the Examiner in January that he had bought 65-67 Donald Street in 2007, just months before the Global Financial Crisis.
“We’ve owned the property for a while but we feel the time is right,” he said.
“There’s a fair bit of optimism in Nelson Bay now.”
Mr Frassetto said his apartments would help cater to that demand particularly for sea changers.
“For Sydney retirees their property values have gone up so they have the equity in their home to relocate into an apartment like these and still have money left over,” he said.
