The managing director of POD Project Group, Paul O'Donnell, said the group would lodge a second development application for its site at the Arthur Blakeley Way and Colbung Street intersection.

The original application for 123 apartments for the site, spread over a five, six and seven storey building, was rejected by the planning directorate in February due to it having a "detrimental impact on future residents".

The had was originally sold by the ACT government for a limit of 40 units.

But residents are worried the second proposal will still mean too many apartments on the site, and are hoping to get detail at a community meeting with the developer on Wednesday.

Wright resident and member of the Save Molonglo resident group Ryan Hemsley said residents were surprised at POD's decision to apply again.

"It's incomprehensible that they're still trying to push this development through," he said.

But Mr O'Donnell said a final decision had not been made about the number of apartments and did not set a timeframe for when the new development application would be made.

"We reviewed the reasons for the DA rejection, and we'll have a discussion with the community tomorrow about the things that we need to change," Mr O'Donnell said on Tuesday.

"We haven't finalised anything, but certainly the height of the building and the number of units would have to be reduced, as well as a raft of other things such as improving overshadowing and solar compliance.

"We're very clear on why the proposal was rejected, and we're confident that we're putting forward something that addresses the concerns put forward in the rejection letter."

Residents said the rejection of the first proposal was a "major slap down", and said they hoped the development refusal served as a warning to other developers seeking approval for projects at odds with planning rules.

Mr Hemsley said the community was angry.

"The last meeting was incredibly hostile, not many people at the time knew about the development at all," Mr Hemsley said.

Wednesday's community session will be filmed by POD Project Group, a move Mr O'Donnell said it was to ensure accurate minute keeping.

Weston Creek Community Council chairman Tom Anderson said he would like fewer apartments.

"I would like to see [the developers] conform with the maximum number of dwelling units and satisfy all the points that the planning directorate made in refusing the application," he said.

"A lot of people have bought properties nearby on the basis of the number of dwellings proposed for the site, which was a maximum of 40."