The third and final stage of Geocon’s Republic precinct in Belconnen is here and is offering buyers one last chance to buy into the ACT’s largest mixed-use precinct through its latest development, Nightfall.
The 22-storey apartment complex is expected to house 334 one to two-bedroom apartments and will feature a private entertaining space, complete with a barbecue area, chef’s kitchen and private dining room on level two.
“This space is somewhere residents can take ownership of as an extension of their own homes,” said Geocon managing director Nick Georgalis.
Nightfall will also offer 12 new retail opportunities on the ground floor. The broader precinct has an Abode Hotel, Woolworths Metro and BWS and will feature eateries including Trecento, BZB and No.10 in future.
The apartment complex rounds out the five Republic buildings that were designed by architectural firm Fender Katsalidis, whose portfolio also includes Canberra’s acclaimed NewActon precinct.
Stage one of the Republic precinct included the Republic and Dusk buildings and stage two included the two High Society towers.
Mr Georgalis says Nightfall will attract “investors, young professionals and students” who will appreciate its design and proximity to universities and local amenities including Westfield Belconnen, Lake Ginninderra and Calvary Hospital.
“Nightfall is Geocon’s first release in more than a year and we have already had huge interest from buyers, many who have been waiting patiently for quality stock in the Belconnen town centre.”
Construction for Nightfall will commence in July.
The latest announcement comes after Geocon acquired a site at 70 Allara Street, City, for $24 million and unveiled plans for the redevelopment of another site in Giles Street, Kingston, earlier this month.
The “blue-chip” 7640-square-metre block on Allara Street will be “transformed into a landmark building”, according to Mr Georgalis.
“Positioned just a stone’s throw from Lake Burley Griffin, the site allows for a range of development opportunities focused on residential, with some mixed commercial,” he said.
“The development will offer views of Lake Burley Griffin from the city, including an unrivalled scope of the lake to the east.”
If approvals proceed, development on the site will begin in the first quarter of 2021.
Geocon set its sights on the Giles Street location earlier this year and purchased it for $5.65 million.
The eight-storey development will be designed by Turco & Co and will house 100 apartments with some mixed commercial tenancies.
Geocon is expected to begin construction on the Kingston site this year, pending approval.
“Geocon’s ambition for the site is to build consistently and sympathetically with the surrounding buildings in Kingston,” Mr Georgalis added.
“The Giles Street development will renew and rejuvenate old Kingston with consideration to the rest of the area.”