The company is set to develop a mixed-use scheme on the site, which will featuring over 750 homes, as well as communal outdoor spaces, shops and food outlets, with some well-known retailers and restaurants having already expressed interest in being part of the project.
The developer has also secured funding to complete extensive infrastructure works to support the new community, including roads within the scheme and a new roundabout linking the site to the A77.
Swan Group is planning to start work on the infrastructure in the first quarter of 2022.
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Phil McGinlay, managing director at Swan Group, said: “Having secured the required funding, we are ready to start the infrastructure works needed to support this new community.
“The houses will sit in the beautiful outskirts south of Ayr and will benefit from a range of community resources including open space provision, new shops and food outlets.
“We’re especially excited to announce our consideration to plan one of the area’s first vehicle charging stations to support the growing use of electric vehicles — vital in reducing the level of engine fumes for the people who will be living in Corton.
“This is our biggest development to date and we are immensely proud to be extending our vision of bringing high quality new homes to Ayrshire, in addition to our other projects in Aberdeen, Royston, Dalmarnock and Edinburgh Road.”