Lendlease are celebrating a milestone with their Calderwood Valley development, west of Albion Park.
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The construction has only been trading for 18 months but more than 700 lots are now under construction.
The site will become a master planned community to accommodate approximately 5,000 dwellings and 12,500 residents over the next 20 years.
Over 30 per cent of the site is dedicated to open space and there will be community, education, retail and other opportunities for employment on site.
Over the life of the project, more than 7,600 full time equivalent positions will be created during construction of Calderwood Valley.
Most of the 4000 people who have so far registered interest in buying the in development have hailed from the Illawarra.
While Lendlease forecasting predicts the development and construction will to inject more than $1 billion into the local economy.