Egglanding is one of Sydney’s biggest land developers, with the first land purchase in the city’s history taking place in November.
The company owns four properties in Sydney’s west and east, and plans to buy three more over the next six months.
The property owners are hoping to build a five-storey apartment tower on their land, but Eggland is also seeking a site to build an underground parking garage and a large public housing development.
“The site is available for private development as well, but we want to make sure that we’re able to continue to make our case to the public,” Eggland’s chief executive, John Pritchard, told ABC News.
“We’ll be able to give them a real feel of what it’s like to live in the Eggland area, to have a connection to the city.”
Mr Pritchersons wife, Linda, is one owner of the property, which is about three-quarters of the way between Sydney and the Gold Coast.
She said she wanted to make it “the best place to live” in the area.
“I’m just happy to be able say that this is the best site to live,” Ms Pritcherts said.
The land is owned by a consortium of developers including The Eggland Group, and includes land owned by Sydney’s city council.
The Egglands are hoping the project will provide “significant” employment for the area, and also boost community cohesion.
“It is the first time we’ve ever had such an important property in Sydney, and I think the whole city of Sydney, I think people will really appreciate the value,” Mr Pritchards wife said.
“As a city we have to make decisions about what we do and who we do it with, and this property is a prime example.”
The Egglands have also purchased land in Sydney to build two high-rise apartments and a retail building on, with plans to develop the site into a new apartment precinct.
“This is a very significant development,” Mr Eggland said.