THE well-positioned vacant land in Raceview that McDonald's had hoped to get its hands on is set to become home for four families.
Ipswich builder Neil Bryant Constructions bought the land shortly after a development application for a McDonald's restaurant was turned down.
The signing of the contract on the deal with the builder hinged on confirmation that the fast-food giant would not appeal the Ipswich City Council decision.
Boettcher Realty principal Darren Boettcher, who negotiated the sale, said the builder planned to construct four homes on the site.
"This is a win-win for the community, given that we will now have a residential development in a residential area," Mr Boettcher said.
"These homes will have great proximity to schools, shops, the post office and the university."
When built, the homes will all be four-bedroom, two-bathroom and two-car lock-up garage.
The land was owned by the operators of Kingwall Furniture Factory, which has downsized its manufacturing and no longer needs the space.
Interest from McDonald's in the site prompted a significant level of protest from local residents.
Ipswich City Council received dozens of submissions opposing the proposal, but also based its ruling on the residential zoning of the area.
The Queensland Times and Ipswich Advertiser have also heard from some locals who supported the original development application and were disappointed that it didn't go ahead.
Council has stated that it would consider allowing a similar development on more appropriately zoned land.
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