Construction of Canberra’s largest mixed use precinct, including the city’s tallest building, will start immediately after the approval of Geocon’s $1 billion Republic development in Belconnen.
Geocon Managing Director Nick Georgalis said the Republic – at Section 200, on the corner of Cameron Avenue, Eastern Valley Way and Emu Bank – would be the largest mixed use development in the ACT, include a 113-metre high tower, and be delivered in three stages.
He said it would contain 1213 residential apartments, an Abode hotel, a retail centre including a supermarket, and more than 500 public car spaces in addition to parking for residents.
Stage One (Republic and Dusk) was 70 per cent sold and expressions of interest for Stage Two would be invited in April.
“The 113-metre tower will look completely different to anything else in Canberra with a 100 per cent glazed facade. The amenities are spectacular and the views will be breathtaking,” he said.
Fender Katsalidis – the architects responsible for NewActon, Melbourne’s Eureka Tower and Hobart’s MONA – are behind Republic, which will also have terrace houses, an amphitheatre, Melbourne-style laneway stores, boutique office space and climate-controlled wine cellars.
There will also be a wellness centre with lap pool, spa, sauna, snow fountain, yoga and meditation; concierge service and a children’s wonderland with a library and recreational activities, and a landscaped sky park.
“We’re delighted that the ACT Government shares our vision on 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.
“The national capital has changed today with this vision set to become a reality, and its a taste of things to come.”