The Galway based developers Burkeway Homes have purchased a seven acre plot outside the city where they plan to build more than 100 homes.
A planning application is expected to be lodged later this year for the major development on the Letteragh road northwest of the city.
The Irish Times reports that a spokesperson for Burkeway confirmed they will build between 100 and 105 houses and apartments on the site.
The development will be made up of a mix of one, two, and three bed apartments, and three and four bed houses.
The company spokesperson did not disclose how much was paid for the site.
This is one of two major housing developments planned for this year by the family owned company.
Outside of Barna at Truskey East, the company expects to break ground this month on 197 fresh homes.
Originally plans were rejected for the Barna development as it was considered to small for the 18 acre site at 113 homes.
A fresh application for 197 homes was fast tracked through An Bord Pleanála under the Strategic Housing Development process.
It contains four acres of open space with play areas and a path along the Truskey river which runs through the site.
Work on the €60 million project is expected to create 150 jobs in the area.
On top of these two projects Burkeway also recently completed the Maoilín housing development in Knocknacarra which has 102 homes..
Burkeway also owns housing at multiple other sites around Galway in Oranmore and the Centrepoint building in Liosbain Business Park.