A proposed 12-storey tower on a prime city site will deliver 7000 square metres of new office space to the Canberra CBD.
Morris Property Group has unveiled plans for the 833 square metre site on the corner of London Circuit and Ainslie Place, formerly a National Australia Bank branch.
The CZ1 zoned site comprises Blocks 12 and 13 Section 14, and MPG will also acquire a small parcel of land at the rear.
MPG has released the plans for public consultation ahead of lodging a development application.
“Positioned in the heart of the CBD, this development will be on the doorstep of some of Canberra’s finest shopping and dining outlets, prominent corporate business hubs, public transport networks, cycle networks and public open spaces,” the project website says.
The site is opposite Canberra Museum and Gallery and the Canberra Theatre complex, where a new cultural precinct is planned.
As well as the former bank building at 175 London Circuit, the site is currently home to Kowalski Recruitment offices at 179 London Circuit and is surrounded by commercial buildings between six and 10 storeys.
MPG says these two ageing, two-storey buildings will be demolished to make way for a state of the art commercial office tower.
The proposed building, designed by Canberra firm Guida Moseley Brown, will also include 250 square metres of ground-floor retail space and four levels of basement parking, providing 79 vehicle spaces and eight motorcycle spaces.
The building will also provide 78 bicycle parking spaces and end of trip facilities on the first floor, with office space on the 10 floors above.
The main entrance will be on the corner of London Circuit and Ainslie Place, while vehicle access and the loading bay will be via Riverside Lane at the rear off Ainslie Place.
New office space in Canberra has been at a premium, and MPG says this proposal will meet local demand for various tenancy sizes and offer office and retail accommodation for both public and private sector tenants.
MPG is also developing new office space at One City Hill, next to the law courts.
The proposal will need the site to adhere to the City Precinct Code and the National Capital Plan planning guidelines.
Building height can be up to RL617m or about 12 storeys, providing there are no others of the same size on the same section.
The design has been developed with feedback from the National Capital Design Review Panel and in consultation with the City Renewal Authority.
Two virtual information sessions are planned. To learn more, visit the project website.