THE SS&A Club's grand plan for a $80 million joint redevelopment of its carpark and the adjoining Myer shopping centre is officially dead.
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The plan, which involved a heads of agreement with Pacific Shopping Centres, was approved by club members in 2008, but never eventuated.
One of the city's biggest licenced clubs has since gained development approval from Albury Council for a more modest $3.95 million redevelopment of its current premises.
The four-stage plan has commenced with upgrades to the gaming and kitchen areas before major improvements to function rooms are completed later.
Club chief executive officer Tim Levesque confirmed the shopping centre development was off the table.
The latest SS&A Club redevelopment was among 1191 development applications valued at more than $220 million lodged with council last financial year.
The number rose by 9 per cent with their value also increasing by a total of $2 million.
The biggest spike in applications was for units and second dwellings.
They were up 134 per cent to 176 with their value jumping from $15 million to $37 million.
Albury also experienced strong growth in the residential sector.
The council issued 1042 residential building permits last financial year, which was an increase of 16 per cent on the previous year.
Their value totalled $205 million, which was an increase of 16 per cent on the previous 12 months.
The council's planning and development committee chairman, Cr Daryl Betteridge, said the latest figures reflected significant growth in the residential and commercial development in the city.
“It’s great to see there has been another strong year for development across Albury," he said,
“It’s particularly interesting that there was a 134 per cent increase in development applications for new units or second dwelling on a property."
