Construction has started on Stockland’s new residential community in Glendalough, the national land developer’s first urban infill project in Western Australia in more than 20 years.
Construction has started on Stockland’s new residential community in Glendalough, the national land developer’s first urban infill project in Western Australia in more than 20 years.
Work began on the ASX-listed group’s $75 million terrace home community, named Canopy, earlier this week.
Canopy will feature 97 terrace homes (two-, three- or four-bedroom configurations) across a 2.84-hectare site on Rawlins Street in Glendalough.
Stockland general manager for residential communities WA, Col Dutton, said the last time the developer launched an inner-ring urban infill project was more than 20 years ago, in Subiaco.
During the mid-1990s Blackburne Real Estate’s John Blackburne (father of prominent Perth-based apartment developer Paul Blackburne) formed a joint-venture with Stockland and Rockingham Park (now Summit Homes) to deliver a new residential community across reclaimed industrial land.
“Developing existing land in well-connected and sought after locations – often referred to as the ‘missing middle’ – is part of our long-term strategy and we’ve got some great examples of successful projects in the eastern states,” Mr Dutton told Business News.
“It will be a great way to showcase our ability to deliver an urban infill development that’s been two years in the making.
“These homes will be contemporary, yet affordable for buyers looking to enter into market or upgrade their existing home.”
Mr Dutton said the business would continue to seek urban infill development opportunities across Perth, as well as continuing to drive its traditional greenfield masterplanned communities.
“Our aim is to create quality, liveable communities for Western Australians and Canopy will provide this for people who are looking for a new home in an established location,” he said.
“The green title terrace homes [no strata fees], sit seamlessly between apartment living and a freestanding home, so they are spacious and modern, but still suit inner-city living.”
“Glendalough is a hidden gem in a highly desirable area of Perth, with close proximity to public transport, schools and the CBD.”
Earlier this month, Stockland started construction on its additional terrace home project in Calleya, Treeby.
Stockland’s Calleya project is a collaboration with Dale Alcock Projects, which will deliver a total 73 terrace homes.
