Perth-based property developer
Cedar Woods has lodged an application with Brisbane City Council to develop over 1,000 homes in the suburb of Upper Kedron in Brisbane's north-west.
The new suburb adjoins the D’Aguilar National Park and will be one of Brisbane's largest proposed land subdivisions.
The $900 million project will span over 227ha with 90ha dedicated to parks, natural vegetation zones, reserves and wildlife corridors.
Cedar Woods will pay $68 million over four years for the land, which stretches from Upper Kedron to The Gap.
“Our planning application was lodged on Thursday, 26 July with Brisbane City Council and is now under consideration. We are committed to following the appropriate process and will run a 30-day public consultation period in due course to get community feedback," said Nathan Blackburne, Cedar Woods State Manager – Queensland.
“We are pleased the Upper Kedron development will see 40 per cent of the site dedicated to green space and presented to Council for community use," he said.
Subject to approvals, construction is scheduled to commence in 2015 with first settlements in 2016.
Cedar Woods is an ASX 300 Australian property company with a portfolio of projects in Victoria, Western Australia and now Queensland.