The project consists of 235 residential units and a 168-unit hotel. Photo: Supplied
A development application is expected to be lodged in the next few weeks for Canberra's tallest building.
The 35-storey development is expected to take 20 months to build once approvals are finalised and the required number of apartment sales is reached.
The development, at the corner of Eastern Valley Way and Aikman Drive, consists of two towers, the second a shorter height at 80 metres.
The 112-metre building has been shaped like arrow head pointing north. Photo: Supplied
Developer Geocon - who have issued an artist's impression of what building will look like - said the $150 million investment was a vote of confidence in Belconnen’s future.
The 112-metre building - which will be taller than football field is long - has been shaped like arrow head pointing north. Chris Millman, from Cox Architect, said the design allowed every residential apartment to have solar access.
The project consists of 235 residential units and a 168-unit hotel. This would include a restaurant, bar and conference facilities. There would also be retail and commercial shop fronts as part of the project.
More than 100 residents met with developers earlier this month to discuss the proposal on February 19, with heights and shadowing cited as the major concerns.
Concerns were put to representatives of developers Geocon regarding the scale of the plans, but Mr Millman said the height of the development boosted its visual amenity and environmental credentials. "We are not apologising for height in this development," he said. "We are actually celebrating it."
The plans come just months after a slightly shorter tower in Woden - named Woden 9 - was put on the backburner.
The Woden 9 proposal was withdrawn “to be revised” late last year, with ACT Attorney-General Simon Corbell stating that the plans were “not of a scale that was suitable or sympathetic for the town centre”.