The $100m plus residential and commercial development planned for the fast-growing east side of Yarrawonga has attracted an enormous amount of interest since it went on the market in September 2020.
Titles for the first stage of 40 allotments have just issued and a further five stages (158 lots) are currently under construction.
Project Manager and part owner of the developing company Riverstown Developments Mark Russell said the interest has “exceeded expectations”.
Mr Russell said the development is far more advanced than initially anticipated.
“We will be very excited to see new homes under construction early in 2022 with many local homeowners amongst them,” he said.
“We will commence construction of a further four stages, which is 121 allotments, in the first quarter of 2022.
Mr Russell said sales continue to be very strong with 110 contracts exchanged between August and end of November 2021.
The land being developed, had been in the Gorman family since 1873, was rezoned from Rural to General Residential under the title of Glanmire Park Estate in October, 2007.
Riverstown Developments plans to turn the prime land closer to the Woods Road end into more than 800 residential lots plus it has sold an additional area for a lifestyle community (retirement living). For more information about Glanmire Park, please do not hesitate to contact Briony Russell.
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