Mirvac on Track to Redevelop Scoresby Austral Bricks Site into 1000 Lot Estate

PLANS to redevelop the 56 hectare Austral Bricks quarry in Scoresby, and part of Wantirna South, are “well progressed”.
 
Sydney-based developer Mirvac said it has applied to subdivide the massive property into about 1,000 housing lots, which will eventually accommodate a mix of 2, 3, 4 and 5 bedroom terrace and freestanding homes. A new mixed use shopping centre will also be developed on the site, about 25 kilometres south-east of town.

Mirvac expectsmarketing to start in early to mid 2010, and once it settles on its $100 million deal with Austral, which sold the site in late 2007 on a long settlement.
 
Mirvac agreed to purchase the quarry, after entering the last stages of its successful $1 billion Waverley Park village in nearby Mulgrave, and on the grounds of the former Waverley Park stadium.
 
Earlier this month, another infill suburban development site was listed for sale – the 48 hectare Eastern Golf Course in Doncaster – which is expected to fetch between $90 million and $100 million as a residential development site.