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Property Developments

City Living

The Manhattan Apartments at the corner of Akuna and Binara Streets, adjacent to Glebe Park, will bring a new selection of premier residential apartments to the City.  Demolition of the former tax office building is now underway.

Braddon

There is much re-development going on in Braddon at the moment, in particular the construction of Mode3, at the intersection of Lonsdale & Elouera Streets.  The premium development is set to offer A-grade retail, commercial and residential accommodation, along with basement parking.

A recent study undertaken by the ACT Department of Land & Property indicated that Braddon will be home to circa 10,000 residents within the next 10 years.  LAPS are currently working on refurbishment projects to improve the public realm of Braddon, and Canberra CBD Limited has been liaising with Property Owners in the area to work towards the best outcomes for business in the area.

NewActon

Canberra property developer Molonglo Group continues its rapidly rising NewActon development in City West.  In addition to the recently completed 18- storey ApARTments project near Parkes Way, the company is undertaking the $300 million final stage in the form of the 235 unit Nishi development. 

The 16-storey project includes 25,000sqm of commercial office space encompassing a hotel, digital cinema complex, cafes, bards, restaurants, a book store, a library, a gym, a gallery, a day spa, a performance space and an internal atrium.  The apartments are aimed at singles and couples and are Japanese-inspried in style, featuring foldaway beds, permeable “thermal skins” to reduce heating costs, curved ceilings and corridor conservatories.  Overall, the development will boast unprecedented environmental credentials with an 8-star rating in the Nationwide Home Entergy Rating Scheme (NatHERS).  Construction is expected to be completed by mid-2012.

Section 63

This Section is currently a car park situated in the City West area of Canberra, was purchased by Leighton Properties and Mirvac in December 2007 for $92 million.

This whole city block is at the very heart of Canberra in the City Hill Precinct. The new development is bounded by London Circuit and Vernon Circle on the western side of City Hill. It is a defining and high profile location complementing the prominent adjacent sites already built and occupied.

It is also opposite 7 London Circuit and 18 Marcus Clarke Street, both landmark developments initiated and managed by Leighton Properties. With an area of 26,844m2 (approx 2.6ha), the site is a “curved square” and is zoned for a broad range of uses, notably commercial office, residential, hotel, car parks, retail, restaurants and bars. The site can accommodate in excess of 100,000m2 of lettable space.

Development approval for this project has recently been granted and plans are underway to divide the construction into four phases, with final completion predicted for early 2015.

For more information

Re-vitalisation of the Sydney and Melbourne Buildings

A major study on the Sydney and Melbourne buildings was completed in 2010.

The outcome of the study will be a short, a medium and a long term strategy for these two iconic Canberra buildings. The job, jointly funded by the ACT Government and Canberra CBD Limited, is being undertaken by the architectural practice Tonkin Zulaikha Greer.

The company has an Australia-wide reputation for design excellence and a track record of major community consultation projects. It has a special interest in public spaces or public use and the relationship of buildings to the public domain of a city.

Peter Tonkin said in their submission:

‘The proposed study will provide the framework to guide the ongoing life of these twin Canberra icons into the future. To succeed it must not only faithfully examine the constraints of the buildings – physical, legislative and cultural, but propose viable visions for their future, with imagination, innovation and pragmatism. These well-loved pioneers deserve a genuinely productive future, not as museums, but as key players in the commercial heart of the Capital.’

Canberra CBD Limited  are currently in the process of working with the ACT Government in bringing all parties together to help re-vamp the Odgers Lane courtyard area, with the ultimate vision of creating a vibrant café scene.

The initial undertaking will involve moving the rubbish hoppers into a cleaner, more sustainable bin enclosure area which will encourage and facilitate recycling for all of the tenants.  This follows on from our successful introduction of enclosures in Riverside and Hillside Lanes.

 The next step for the Melbourne Building will involve working with existing businesses and unit owners to change the structure of their tenancies – some businesses will add additional frontages to the rear lane area.  Hopefully this will have a snowballing effect on to the Sydney Building and we will be able to get involved with a project there in the future.  

Braddon

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