Construction on the Denman Village Park is expected to begin within months, and could be in use by 2028, the developer has revealed.
The tender process for the area, which will include open playing fields, basketball courts, ponds, play equipment and a pump track could be in use as early as 2028, managing director at Capital Estate Developments Gabbie Foster said.
"We're extending the cultural trail as well, and a network of ponds that people will be able to interact with," Ms Foster said.
"You'll be able to actually walk across stepping stones across the ponds to different sides of the park, so that's amenity not just for the residents but for the broader community as well."
Denman Village Park will straddle Cravens Creek, and connect Stromlo Reach, the second stage of development in Denman Prospect, to the first stage.
Last month Capital Estate Developments, which is owned by the Snow family, submitted a number of changes to its development application for the area.
Those changes included the removal of the parkour and skate park from the park, but included a new small children's playground.
The learn-to-ride facility, a centre which simulates a real road to teach children how to safely ride a bicycle or scooter, will remain, but has been moved to a new location in the park.
Cheong Street, which would run from Holborrow Avenue to the planned school site, has been realigned to make more functional as the main entry from the major road, while the Beddie Crescent access road has been removed.
An additional 26 homes have also been planned for the western-most block in Stromlo Reach, which has been proposed as a multi-unit site on the western edge of the development, bringing the total number to 61.
They will form part of the more than 1000 new homes planned for the area, which is to the north-west of the first stage of Denman Prospect, between Uriara Road and Holborrow Avenue.
A total of 295 of those homes will be single residential blocks, with the remaining 839 homes intended to be built across 15 multi-unit sites.
Another 14 blocks have been earmarked for community recreation, community facilities, transport services and a new school.
The first land sales in the south end of Stromlo Reach have opened, with at least eight blocks already sold. The remaining sites have been listed between $675,000 and $1.45 million.
Settlement for those sites is expected in late 2026, when the blocks will be ready to build on.
Future releases have also been planned for the remaining land, including multi-residential sites.
The original development application for Stromlo Reach was approved in 2024 despite a campaign to protect the area and nearby blocks, which are home to pink-tailed worm-lizards.
Planning minister Chris Steel approved the application using his "call-in" power, which has now been replaced with the Territory Priority Projects scheme.
The approval was subject to conditions intended to protect the worm-lizards and the local wombat population, as well as promoting creek and water connectivity and tree replacement.
More than 4000 residents already live in the first stage of the Molonglo Valley's new suburb, which was also developed by the Snow family, the owners of Canberra Airport and developers of several projects under construction around City Hill.
Last year, the first stage celebrated its 10th anniversary in 2025.
The third stage, construction of which is set to begin in 2027, was sold to TP Dynamics in late 2025. That stage is expected to add another 2950 high- and medium-density homes to the area.
The Molonglo Town Centre, plans for which were released earlier this year, would be a short drive from each stage.
Public consultation on the proposed changes closes on Wednesday, September 16.
