12 September 2013

Campbell goes high rise!

| johnboy
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Andrew Barr has announced the start of high density development in Campbell:

Work is about to start on a new mixed-used development on a 6.4 hectare site on the corner of Constitution Avenue and Anzac Park in Campbell.

The site will be include medium- and high-density development in five parcels, and will include an opportunity for a hotel as well as commercial and retail uses. It will have about 520 residential units in what will become a distinctive, high quality urban precinct, with ground floor frontages for shops and cafes along Constitution Avenue.

The master plan for the site required a National Capital Plan amendment, and extensive community consultation was undertaken to ensure the estate design acknowledged the intent of the early Griffin Plan and the subsequent Griffin Legacy.

Building heights along Constitution Avenue will be 25 metres, scaling down to 19 and 10 metres approaching Page and Chown Streets.

The development also includes a new public park featuring grassed terraces, a range of children’s play spaces, exercise equipment, an open area for ball games, and a central swale incorporating ‘water sensitive urban design’, which will capture, treat and reuse water from the suburb’s stormwater network.

The site contains sections of golden sun moth habitat and natural temperate grasslands, and the Commonwealth has accepted the ACT Government’s offset strategy for the impacts of the development.

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Gungahlin Al9:57 am 13 Sep 13

Guess it depends a lot on the owner’s situation. If they have high holding costs, then the sums/risk analysis might come down in favour of commencing the build. Others may be in financial positions that allow them to sit it out until better times.

I’d imagine though that this location would be in demand for staff moving into Spook Central…

thebrownstreak699:42 am 13 Sep 13

A big part of the problem is that these are generally ‘premium’ apartments, something Canberra already has too many of.

Might be a good time to be buying a house on a nice large block in Campbell.

deepsouf said :

520 is a lot. Will the inner Canberra apartment market hold up amidst the early years of Abbott? Perhaps the armchair economists might share their assessment.

Creswell Campbell …….. mid 2015 …………. 52 units
Governor Place Barton … early 2015 …………136 units
Eminence Kingston ……. late 2014 …………. 38 units
Alluvion Braddon ……….. late 2014 …………. 52 units
Arte Braddon ……………. late 2014 …………. 57 units
IQ Braddon ……………… mid/late 2014 …….. 230 units
Quayside Kingston ……. mid 2014 …………..100 units
Element Kingston ……… mid 2014 …………. 146 units
Jamieson Reid ………….. early/mid 2014 ….. 91 units
Base241 Northbourne …. early 2014 ……….. 68 units
Habitat Braddon …………. late 2013 ………… 42 units
Astin Braddon …………… mid/late 2013 …….151 units
Envy Braddon …………… mid/late 2013 ……. 59 units
No 28 Braddon ………….. mid 2013 …………. 59 units
Friday Griffith ……………. mid 2013 …………. 45 units
Dockside Kingston …….. mid 2013 ………… 120 units
Aurora Kingston ………… early/mid 2013 ….. 69 units

There is a place called ‘Envy’? Tacky.

520 is a lot. Will the inner Canberra apartment market hold up amidst the early years of Abbott? Perhaps the armchair economists might share their assessment.

Creswell Campbell …….. mid 2015 …………. 52 units
Governor Place Barton … early 2015 …………136 units
Eminence Kingston ……. late 2014 …………. 38 units
Alluvion Braddon ……….. late 2014 …………. 52 units
Arte Braddon ……………. late 2014 …………. 57 units
IQ Braddon ……………… mid/late 2014 …….. 230 units
Quayside Kingston ……. mid 2014 …………..100 units
Element Kingston ……… mid 2014 …………. 146 units
Jamieson Reid ………….. early/mid 2014 ….. 91 units
Base241 Northbourne …. early 2014 ……….. 68 units
Habitat Braddon …………. late 2013 ………… 42 units
Astin Braddon …………… mid/late 2013 …….151 units
Envy Braddon …………… mid/late 2013 ……. 59 units
No 28 Braddon ………….. mid 2013 …………. 59 units
Friday Griffith ……………. mid 2013 …………. 45 units
Dockside Kingston …….. mid 2013 ………… 120 units
Aurora Kingston ………… early/mid 2013 ….. 69 units

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