Orchard Property Group plan for first Brisbane land release
Residential developer Orchard Property Group has laid plans for a $23 million land release at Calamvale in Brisbane’s south to meet demand for homesites located within 20-kilometres of the CBD.
The project, to be named Jade, is the first in the Brisbane municipality for Orchard Property Group, with plans to deliver 32 lots across a 2.32ha site at 2236 Beaudesert Road.
The land development is positioned to appeal to the owner occupier, primarily second and third home buyers, with the site located within easy reach of an array of amenities including schools, childcare centres, shopping centres and medical centres, as well as recreational parks, sporting clubs, dining options and transport links.
Orchard Property Group’s CEO, Ted Cronin said the opportunity to develop new residential homesites in Brisbane are extremely rare in today’s market.
“The Calamvale site ticks all the boxes for homebuyers who are looking to build their dream home within easy reach of the city and so close to the lifestyle and urban amenities buyers seek,” Cronin said.
“Since acquiring the site recently, we have moved quickly to bring this development to the market to take advantage of demand for residences in such a prime location.”
Orchard Property Group is planning to launch the boutique residential development to the market in the first quarter of next year, pending council approval.
With 40 years’ experience under their belt, Orchard has previously largely focused on the region’s key growth areas of Logan, Ipswich, Moreton Bay, and Gold Coast.
The Calamvale development provides the company with a rare opportunity to deliver a vital infill project to meet ongoing demand for prime residential land in Brisbane.
The company currently has four residential subdivisions under way in south-east Queensland worth more than $300 million that will deliver 1,453 residential lots to the market, including project’s, The Junction Narangba, Aurora Ripley, Willow Logan Reserve and Pebble Creek South Maclean.
Once underway, the Calamvale project and a proposed new development at Caboolture, Aire which comprises 266 lots, will bring the total value of Orchard Property Group’s Queensland development portfolio to $380 million.
