The $500-million Section 200 development will overlook Lake Ginninderra in Belconnen, with plans for a hotel, apartments and terraces, Melbourne-style laneway shops and an amphitheatre.

Local developer GEOCON will build the residential and commercial precinct on a 16,314-square-metre block of land wedged between Cameron Avenue, Emu Bank, Eastern Valley Way and the Labor Club.

GEOCON’s General Manager of Development Peter Micalos said “The precinct will serve a very integral role in activating Emu Bank and the lakeside board walk and the skate park…and improving the connection between the University of Canberra and Lake Ginninderra and some other residential development happening in that area.”

“There’s going to be a lot of public facilities,” Mr Micalos said. “What we really want to do is engage public accessibility and permeability through the site.”

The developer has revealed Fender Katsalidis​ Architects, the creative mind behind NewActon, is designing the new precinct and the staged project will take about 10 years to complete.

Mr Micalos said the lower-rise buildings would be built first and face Emu Bank, closest to the water “I think the community is very excited…having a NewActon-style precinct developed in Belconnen is a very exciting prospect” he said.

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