Mirvac will kick off construction on its Everton Park project later this year, the development will feature 124 residences including a mix of homes and townhouses located seven kilometres from Brisbane CBD.
The development approval, granted by Brisbane City council, comes after community pushback and an appeal made against the project. Mirvac has since reduced the 139-lot estate to 124-lots and removed all three-storey townhouses, putting a two storey height limit in place.
Masterplan changes also include a change to the minimum lot size, increased to 400sq m, with the 300sq m lot sizes removed.
Construction of the six hectare site is expected to commence in late 2019.
Mirvac's Queensland general manager Warwick Bible said the ASX-listed group expects “high interest” given the project’s close proximity to the CBD.
Bible said plans include all townhouses will feature clean energy systems.
A one hectare wetland area adjoining the project, neighbouring Kedron Brook, forms part of the masterplan.
The 50 Ashmore Street project also includes the restoration of the existing heritage Queenslander known as Murphy's Dairy Residence which received development approval from Brisbane city council in November last year.