A $60 million residential development including a restaurant is being proposed for the Kingston foreshore near the new harbour.
The six-story Quayside Kingston Harbour project will front Eastlake Parade, one block back from the Kingston Harbour.
The project is being developed by Canberra Investment Corporation.
The corporation's chief executive officer Col Alexander said there would be 96 residential units, an office and a restaurant.
The development would have a variety of apartment types designed to attract owner-occupiers and investors.
There would be about 10 small studio apartments selling for under $300,000 as well as six penthouse apartments selling for between $1.6million and $2 million.
The one-bedroom apartments would start at $350,000 to $380,000 and go to the low $400,000s, while two-bedroom apartments would start at $695,000.
Mr Alexander said the lower-priced studio apartments were a way for more people to get into the inner-south-Kingston foreshore market.A marketing campaign for the development had yet to start but there were already 300 people on the books expressing an interest.
A development application for the complex is now the ACT Planning and Land Authority.
More details in today's Canberra Times