DEVELOPERS are almost ready to kick off on a 33-dwelling development at Weinam Creek but residents say the multi-storey block threatens the unique character of Redland Bay.
Wayfarer Residences on Auster Street, Redland Bay - inside the Weinam Creek priority development area - is set to include 27 units and six villas.
Place Projects agent Shaun Lennon said units had large floor plans and were a different take on bayside style.
Prices would range from $475,000 to $1,495,000.
"There are currently no other absolute waterfront projects in Redlands," Mr Lennon said.
"This is the first in two decades offering this type of position."
Mr Lennon said soil testing had been completed and construction would start as soon as possible, set to be completed by the end of 2021.
Auster Street resident Mark Ball - who had already been impacted by the development of the Moores Farm car park bordering his property- said he did not know how the area's narrow residential roads would support the extra traffic.
"There's not one person around here who's happy about this," he said.
"The infrastructure isn't going to be able to support people getting in and out without changing something."
Mr Lennon said servicing of the site, including traffic, had been examined as part of the development assessment and was found to be addressed sufficiently.
Steven Komorowski, whose property also borders the Moores Farm car park, said old boat houses along the waterfront would be demolished.
"If (the development) enhances the area then excellent," he said.
"However it is a shame that the character of the area will be gone forever."
Mr Lennon said people wanted to move to the area and current residents wanted to upgrade to a new property, which meant the area needed to grow and have different living options available.
"Having grown up in Redland Bay myself, it has always been sad to see some of the old farms slowly disappearing over the last 20 to 30 years," he said.
"However, the area has always been attractive and always will be.
"Wayfarer has been designed for owner occupiers so the impact on the area long term will be positive towards helping price growth."
But Mr Ball said he thought the units, combined with the car park, had knocked at least $200,000 off his property value.
"(When we came to Redland Bay) 26 years ago, it was beautiful down here," he said.
"We've been through a hell of a lot. This is not what I signed up for when I bought here.
"It's really going to be hard to take, after a year and a half of (works on) the car park."
Development Manager Cameron Feltham said the PDA was a rare opportunity for co-ordinated infrastructure and services.
"So often the lack of co-ordination and planning results in piecemeal development that does not reflect the vision of the community," he said.
The developer would prepare a construction management plan to manage the impacts on the surrounding community.
