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