The redevelopment of the Murrumbidgee Mill site has taken a new leap forward with the sudden exposure of the first building to public gaze.
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For years there has been little progress on the site that is set to be relaunched as The Mill Residence.
Finally, the first block of the multi-million dollar redevelopment is near completion with the first apartment due to be opened as a display unit for prospective buyers in May.
With prices ranging from $360,000 upwards, it will be the first time the units are sold to buyers outside an off-the-plan setting.
A swag of 97 units are up for sale across six multi-storey buildings, said selling agent Josh Eldridge, of First National Real Estate.
He said more than half the apartments in stage one had been either sold or were under offer.
The old flour mill, which is approaching its 125th anniversary, will contain a tavern and a restaurant.
Mr Eldridge said a host of retailers that are expected to open in the new retail precinct would provide a “one-stop-shop” that could become the city’s next “central retail hub”.
He said the majority of inquiries into the residence were from people aged 55 and above who were seeking to downsize.
The highest price attached to an apartment is $630,000, which is earmarked for penthouse suites.
“The central location is one of the key features,” Mr Eldridge said.
“This is going to be something really new for Wagga.”
It is a marked departure from just four years ago when the site was a premier blight on the city as it languished after several failed attempts to sell and develop the site.
Concerns were flagged in 2013 when it appeared the $45 million project may have ground to a halt.
But the then-developers behind the Edward Street project refuted claims that milestones were not being met.
It has also been denied that massive light towers at nearby Robertson Oval would be a turn off for potential buyers.
It was said at the time the refurbishment of the oval gave the residence a lively atmosphere.
Murrumbidgee Co-operative Milling ran the site up until its departure in 1980.
The site was sold to another milling company in 1987 before it closed in 2000.
