A MAJOR $410 million master planned community in the Illawarra region, proposed by Lend Lease, is set to go ahead, following the NSW Government's decision to approve the concept plan and declare the site as state significant.
The government said that Illawarra's housing supply would receive a significant boost as a result of the decision, with the concept plan proposing 4,800 new dwellings and 50 hectares of mixed-use employment land for the 700 hectare Calderwood site.
Planning Minister Tony Kelly said that extensive community consultation had been conducted, including a two month exhibition of the plan. He said a number of changes were requested as a result of the consultation and assessment process.
"The State significant site listing recognises Calderwood's potential to support a large number of new homes to help meet the significant demand for housing in the Illawarra, and rezones it for that purpose," Mr Kelly said.
"We have also approved Delfin Lend Lease's concept plan, which sets out the vision for how Calderwood will be developed over a period of at least 20 years."
In addition to the new housing and employment land, the concept plan includes a multipurpose community centre with library, four schools, up to three child care centres, parks and environmental protection land and new internal roads and upgrades to existing roads.
Mr Kelly said areas of high conservation would be protected and more than 70 per cent of native vegetation across the site would be retained. He also said the plan improves the ecological links across the site.
A project application for the first stage of the development, which includes 320 residential lots and 10 mixed use lots, is currently being assessed by the Department of Planning.
Mr Kelly said approval of the Calderwood concept plan will not impact on the proposed staging or timing of the West Dapto release area which remains the priority land release area for the Illawarra.
Lend Lease will be required to pay contributions towards the provision of local and state infrastructure, with a Voluntary Planning Agreement negotiated with Delfin Lend Lease currently on exhibition until 7 February 2011.
Lend Lease welcomed the government's announcement, with Group Chief Executive Officer and Managing Director, Steve McCann, saying the development will "offer a much needed supply of affordable land and housing in the Illawarra region."
Lend Lease expects sales and construction to commence during 2011.