A mammoth new suburb in Adelaide’s north has been confirmed, a year after work began on the development.
Riverlea Park, 37km from the city, will one day house 30,000 residents within a boundary realignment of 1600ha from neighbouring Buckland Park.
The development was initially conceptualised by billionaire property mogul Lang Walker 15 years ago.
Walker Corporation’s Riverlea general manager Brian Virgo said the development would help reshape the city’s outer northern suburbs.
“This is another exciting moment for our Riverlea residents who can now proudly tell friends and family I live at Riverlea Park,” he told The Advertiser
Inside the project will be four schools, 450ha of parkland, 50ha of lakes and 42km of recreation trails.
The entire construction is expected to cost in excess of $3 billion.
Twelve lots a week have been sold as part of the development with 605 bought in total since the project was launched a year ago.
Mr Virgo said a new retail centre would be completed within the next six months to keep up with residential demands.
“The sales team has a database of over 2000 potential purchasers who have made strong inquiries to live at Riverlea,” he said.
“The buyers are predominantly owner occupiers from northern Adelaide, as well as many interstate buyers relocating, as well as former residents returning to Adelaide during the pandemic.”
