First land release at Intrapac’s Kinley Lilydale quarry development
THE first stage of the biggest residential development in the east is about to begin, with interested buyers entering a ballot to vie for the blocks of land.
Outer East
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THE first stage of the biggest residential development in the east is about to begin, with interested buyers entering a ballot to vie for the blocks of land.
Intrapac Property will release 35 blocks for sale near the Hull Rd end of the 163ha former Lilydale limestone quarry site, as part of the $2 billion Kinley project, but you have to be in it to win it.
The blocks range in size from 400sq m to the largest at 677sq m, and prices go from between $485,000 to $635,000.
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To be part of the ballet will cost you $1000 and will need to register online — but be warned, there are more people interested than there are blocks for sale.
For those people looking to downsize Intrapac Property’s chief operating officer Max Shifman said there would be opportunities available within four years.
The property — opened in 1878 by Dame Nellie Melba’s father David Mitchell — sits next to Box Hill Institute’s Lilydale Lakeside campus.
Once it’s finished in about 15 years, an estimated 8000 people will call the site home with 3200 houses, apartments and townhouses, parkland, commercial and retail outlets.
Future plans under discussion for the site include a train station, arts precinct and primary school.
Mr Shifman said there would village precincts where people could walk or cycle, tracks that would link to the Warburton Trail and Lillydale Lake.
Mr Shifman said there had been an extraordinary interest from potential buyers.
“No one has done something of this scale east of Melbourne for a long time,” he said.
He said the heritage-listed features of the historic property, including a former dairy and bacon-curing factory, would be saved and repurposed.
While the quarry’s disused silos, kilns and underground tunnel will also be preserved, he said.
Work on filling in quarry is ongoing and Mr Shifman said cost about $100 million but …
“Because it has a lot of history with David Mitchell and Dame Nellie Melba it has so much more authenticity than a lot of other places … we do have those great opportunities to be reusing, repurposing and celebrating.”
The development is a joint venture between Intrapac Property, Brencorp Properties and Bayport.
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