Woden’s tired and rundown appearance will soon be a thing of the past thanks to the introduction of exciting new high-rise mixed-use developments capitalising on the light rail route. The first, “Grand Central Towers”, is being launched today.

A joint venture between local developers Zapari and Geocon, Canberra’s largest developer of high-rise apartments, Grand Central Towers will make the most of its proximity to the Woden bus interchange and stage two of the Canberra Metro.

“After an extensive community consultation process, working collaboratively with the ACT Government, local community groups and businesses, we’re proud to announce development approval of Grand Central Towers,” Zapari Managing Director Nick Skepev said.

“The development has taken inspiration from Grand Central Terminal and New York’s restless energy and inventiveness, bringing a new calibre of living to Woden.

“We are proud to be on the forefront of Woden’s rejuvenation and to have the opportunity to bring something truly unique to the Canberra market. Grand Central Towers is going to transform the Woden we know today,” Mr Skepev said.

Geocon Managing Director Nick Georgalis said developments driven by stage two of the light rail would help transform Woden into the vibrant town centre it ought to be.

“The ACT Government’s approval of this development application shows confidence in the Woden Town Centre. We also know from our market research that the vast majority of Canberrans agree density makes sense in the town centres. More residential development here will activate the location, having people around day and night, instead of being a ghost town at 5pm when all the workers leave to go home.

“Plus, a direct route into the CBD on the light rail makes it an increasingly desirable place to live,” Mr Georgalis said.

Grand Central Towers is a $200 million development consisting of 430 apartments across two towers, 18 and 26 storeys, with retail at ground level. The towers will be sold by Geocon’s inhouse sales team and built by Geocon’s inhouse construction team. Building works will commence this year with first residents moving in by late 2020.

For more information: www.grandcentraltowers.com.au

Media inquiries: Geocon – Jane Seaborn 0414 829 282

Zapari – Isabel McCormick 0414 799 381

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