Chief Minister Stanhope informs us that the last Kingston Foreshore site “The Promenade” has gone for $9.1 million to the Englobo Group who plan to put 120 apartments on it as well as offices, restaurants, and shops.
“The site is uniquely positioned within what is set to become one Canberra’s most exciting leisure and retail precincts overlooking a bustling Kingston Harbour,” Mr Stanhope said.
“There is a potential for the site to accommodate a premier waterside café, offices, shops and up to 120 one, two or three bedroom apartments.
“Having already purchased other blocks in the precinct, Englobo Group will become an integral part of the vision for the Promenade as a lively precinct for quality shopping, dining and recreation.”