Stockland has submitted an application for a $388 million Caboolture West residential development of a substantial 175-hectare parcel of land.
The application seeks subdivision approval for the first precinct—206 lots of a total 1,939 dwellings—planned for 60-172 and 67-177 Litherland Road, Upper Caboolture as well as establishing the intent of future development over the next 30 years.
There are five precincts planned for the site located 51km north of Brisbane, including a residential care facility, child care centre, club, educational establishment, hardware shop, businesses, office, place of worship, retirement facility and restaurants.
Meanwhile the ASX-listed group has removed its lot and revenue projections for the nearby Twin Waters West development which was refused by council on 23 July.
The two developments are part of Stockland’s 6,285-lot Queensland development pipeline, which also includes a $541 million development at Ellida, Rockhampton, a $65 million project at Hope Island, Gold Coast and a $585 million community at Paradise Waters, Deebing Heights.
Stockland acquired the Caboolture West development site in 2008 within the emerging community zone in the Moreton Bay Regional Council district.