Residential developer Roycorp has applied to Redland City Council to build 167 units in Rachow Street, Thornlands.
The project, which requires public consultation before approval, will be behind Villa World's 232-lot Waterline project and opposite Ausbuild's 244-lot project.
It will also be 2.3km from Ausbuild's 276-dwelling Clay Gully project and 1.8km from the Victoria Point shopping centre.
The two-storey, three-bedroom townhouse project will be on 60,670sq m of land near Faith Lutheran senior campus.
It will be the second time the council has assessed the site for a residential development.
It refused an application to subdivide the lot into eight in 2006, saying it was in conflict with the Redland Planning Scheme and a structure plan for the area.
But, in October 2009, land owners John and Cintia May won their court appeal to change the land use from a golf range to the eight-lot housing development.
The site is now in the South East Thornlands Structure Plan Area of the Redlands Planning Scheme and partly within a Coastal Management District.
A 2015 report by consultants Saunders Havill group said the project, which would have one dwelling per 363sq m, failed to conform to Redland's urban residential zone code, which requires a density of a maximum of one dwelling unit per 400sqm.
"Provided that the subject proposal meets other key planning requirements, including car parking, open space, setbacks and building height, council confirmed at pre-lodgement stage, that it may consider an increased [gross] density for this site," the report said.
The report also said part of the site was in Open Space Zone and some of the buildings exceeded 15m in width but would be "broken up" by design elements.
Saunders Havill also said the estate had 7590sqm of public open space, 19,486sq m of communal space, and 5344sq m of private open space.
In its Redlands Housing Strategy, published in 2011, the council said about 21,000 extra dwellings would be needed across the city by 2031.
The report said car parking was in line with council requirements for a site within 400m of a planned Translink bus stop, yet to be approved.
There will be one car space per unit plus 211 visitor bays but no on-street parking.
It is not known when the application will be brought before council.
In its Redlands Housing Strategy, published in 2011, the council said about 21,000 extra dwellings would be needed across the city by 2031.