Golden Gate Property has amalgamated nine rural holdings in Park Ridge for its $135m 600-lot Carver’s Reach community

A Brisbane-based developer is set to launch a $135 million, 600-lot masterplanned community estate in the booming southern corridor after completing the purchase of a 50-hectare block of land.

A QUEENSLAND developer has completed the acquisition of nine rural holdings for a 600-lot masterplanned community in the booming southern corridor.

Golden Gate Property has purchased a 50ha parcel of land at 94-180 Park Ridge Rd, Park Ridge, for more than $30 million.

The privately-owned company is now in the final stages of finalising plans for the launch of the $135 million estate.

The site is in the heart of the fast growing Logan City Council local government area and has easy access west through the Mt Lindesay Highway, east via Chambers Flat Rd and north on the Logan Motorway.

The project, named Carver’s Reach estate, is due to be launched within months pending the appointment of the site’s principal civil contractor.

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Golden Gate Property director of development David Whiteman said the site required complex negotiations to aggregate a group of fragmented rural land holdings into a single site and would be the company’s largest project to date.

“It’s a significant site that we believe has great potential due to its existing natural attributes and its connectivity with major transport infrastructure and the nearby Park Ridge Central shopping precinct,” he said.

“Our intention is to create a vibrant community that generates opportunities for, and enhances the lives of local residents with improved amenities, public transport links and public realm offerings with over 6ha of district level parklands onsite.”

Mr Whiteman said research had found that primary catchment for the project expected to cater for an extra 20,000 residents by 2036, with a growth rate of 4.9 per cent a year.

Residential land sales in Logan LGA continue to follow upwards trends, accounting for 38.5 per cent of southeast Queensland’s current developable land, providing a significant scope for prosperous future residential land development.

Mr Whiteman said the master plan for the site would have a range of features and amenities including a district recreation park, a local park, a childcare centre and integrated passive recreation opportunities within adjoining biodiversity areas which are planned for rehabilitation.

“It is a true, multistage masterplanned community where we have the scope to be creative in terms of the open space and connectivity with the local community,” he said.