Construction will start immediately on Canberra’s biggest tower after the ACT government approved Geocon’s $1 billion Republic mixed use project in Belconnen.
The first stage of the three-stage development on a 1.6-hectare corner of Cameron Avenue, Eastern Valley Way and Emu Bank, in Belconnen in Canberra’s north is already 70 per cent sold out and the sales campaign for the second stage will start next month, Geocon managing director Nick Georgalis said on Monday.
The Fender Katsalidis Architects-designed project includes a 113-metre tower, along with terrace houses, an amphitheatre, boutique office space, “Melbourne-style laneway stores”, a wellness centre and library. It will ultimately include 1213 apartments, an Abode Hotel, retail centre including supermarket and more than 500 car parking spaces in addition to residents’ parking.
“We’re delighted the ACT government shares our vision for this project and of the scope for exciting, well-planned development in town centres,” Mr Georgalis said.
“No one can accuse Canberra of being boring or stuck in the past with this type of project going ahead.”
Canberra is battling its original spread-out and low-density Burley Griffin-designed layout to create liveable precincts that encourage walking and reduce dependence on car transport.
Last year the Fender Katsalidis-designed NewActon Nishi development of 14 storeys of apartments above two storeys of hotel won the ACT’s top award for multi-residential architecture, as well as a commercial architecture gong, was won by NewActon Nishi, a Fender Katsalidis-designed development.
Last year Geocon purchased the Garema Centre mall in Canberra’s CBD for $13.35 million, with plans to turn it into a $100 million luxury hotel.