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Creation Date: Fri, 10 Dec 2010 GMT Mirvac to build 1200 residences at harness racing siteMIRVAC has acquired harness-racing track Harold Park Paceway in Sydney to develop a 1200-lot, medium-density housing community. Development of the 10.6ha site, about 2.5k from Sydney's central business district, is expected to start in early 2012, with settlements forecast from 2013-14, Mirvac said in a statement. Mirvac expects roughly 3500 jobs to be created during construction of the project. The company did not disclose what it paid for the site. Gavin Lower, 'The Australian', 10 Decemeber 2010
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