Riverview Heights student accommodation centre, once a Lutheran Aged Care home in Riverview Terrace, will be demolished to make way for 13 high-class residences.

The 5530-square metre lot is on an elevated position above Thurgoona Street and overlooks the western side of the Albury Botanic Gardens.

Stanley and Martin has been appointed as sales agent for the project.

Director Steve Martin said it was an exciting project that had already received many enquiries from prospective buyers.

“It’s an outstanding site 300 metres from Dean Street with no traffic, which is rare,” he said.

The anonymous developer is an Albury businessman with long family ties to the area.

“There’s a lot of confidence in the developer and it shows from the amount of interest we have had in the properties to be developed,” Mr Martin said.

“There’s one-of-a-kind views from the Albury CBD and over the Murray River to Wodonga.”

The developer has hired highly regarded architect Paul Simpson, of Simpson Architects, to start initial concept drawings.

He has been given a blank canvas to create the best Albury has seen.

“His creation has benefited from his national and international experience and his philosophy of functional, interesting, unpredictable and light filled spaces,” Mr Martin said.

He said the developer wanted an “exclusive residential development in an area of Albury where a project of this type and scale could never be repeated due to the difficulty of finding another large parcel of land”.