Avant Homes has completed the purchase of the site in Stewarton and plans for the new £40.8m development, located on Loudon Street was granted in March 2020 by East Ayrshire Council.
The housebuilder is now preparing for initial groundworks to commence later in 2020.
Situated less than six miles from the centre of Kilmarnock and 22 miles from Glasgow, the development will include 150 design-led homes featuring a collection of high-quality two, three and four-bedroom homes across 15 of Avant's popular signature housetypes.
-- Advertisement --
As well as providing new homes for Stewarton, Avant Homes will also commit to a community contribution of £160,000 towards investment into local education provision.
Avant Homes Scotland regional director, Andrew Gawthorpe, said: "The villages and suburbs between Kilmarnock and Glasgow with such a close proximity to the west coast of Scotland have become increasingly popular with homebuyers in the area, so we’re excited to have successfully purchased new land to deliver 150 homes in Stewarton.
"With its close-by amenities and commuter links, this new development will appeal to a wide range of buyers and we look forward to getting initial groundworks underway later in the year."
Following the commencement of works, the first homes are set to go on sale in spring 2021 with the showhomes following shortly after in early 2021. The first homes are expected to be ready for occupation in summer 2021, with the overall build estimated to take almost five years to complete.
