A developer in South Australia has begun work on its masterplanned community north of the capital that includes development of a $2-million wastewater treatment plant.
Developer Wel.Co has broken ground on its 40ha Gracewood residential community project at Mallala, 60km north of Adelaide by road.
The project has an estimated end value of $100 million.
The Wel.Co plan comprises 500 land lots and homes for 1200 residents plus a community park with a playground, dog park, half basketball court and open spaces.
A wetland with a 2.5m-wide shared walking and cycling track and an early learning centre are also included. The amenities will cost $1.5 million.
Wel.Co is also funding a $2-million wastewater treatment plant to service Gracewood so the community will not be a part of the local system.
The plant will be delivered by Alano Utilities with the Adelaide Plains Council and is expected to help support more long-term growth in the region.
The plant will recycle water to use across the green spaces within the community.
Wel.Co founder Andrew Welsh said the target market for the community were those struggling to find affordable housing.
“For buyers who have been priced out of the market in other areas, Gracewood is an opportunity to achieve ... homeownership in a masterplanned environment, a short distance from Adelaide,” Welsh said.
Early earthworks have begun on the site for Stages 1 to 4 and the first 70 lots will be ready for titles this year.
Wel.Co estimates it will take five years to fully develop Gracewood.
The masterplan joins Wel.Co’s portfolio of projects in South Australia, Victoria, Queensland and Western Australia.
Those projects include Mambourin in Victoria, River Breeze in Queensland and The Dunes in Western Australia.
Wel.Co founder Andrew Welsh is among the line-up of speakers at The Urban Developer Greater Melbourne Residential Developer Summit, a one-day conference exploring the development of apartments and new communities. Find out more here.
