Sapphire, the final waterfront development in Kingston Foreshore, has been given the go-ahead by the ACT Government.
The development application from local developer Keggins Estate was approved this week.
Keggins will deliver the 79-unit mixed-use development on Kingston Foreshore’s prime waterfront peninsula along Honeysett View.
Sales will launch early next month. The development includes two, three and four-bedroom apartments, along with six penthouses, with prices starting from $839,900.
The ground floor will have a small area of commercial space and there will be two levels of basement car parking.
Keggins says Sapphire will be a high-quality luxurious residential community and commercial precinct that is uniquely designed, with absolute water frontage.
Project director Arthur Petsas said the development will also provide a large amount of public open space for the community to enjoy.
“Visually, the façade will be unique and impactful while blending into Kingston Foreshore’s environment and aesthetic,” Mr Petsas said. “The development will further elevate the residential offering in the Kingston and Canberra market and increase the destination and reputation of the area”.
He said a development like Sapphire had not been seen in Canberra before and Keggins was catering for a whole new market.
“It is exciting to be involved in a project that is quite unique and with a project team of reputable local suppliers we’ll produce a product not only owners, but the community will be proud of,” he said.
Keggins has teamed up with local construction company BLOC and other local suppliers and businesses to deliver the development.
Independent Property Group’s Wayne Harriden says Sapphire is definitely one of a kind and, based on interest to date, buyers will need to be quick to snap up their piece of luxury on the Foreshore.
“Interest in Sapphire has surpassed expectations, showing us there is a strong market for luxury apartments in the ACT,” he said.
Keggins purchased the 3697 square-metre waterfront block on the peninsula in June 2016 for $21.65 million.