Amalgamated Property Group has submitted plans for a Constitution Avenue development in the Parliamentary Triangle.
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A works approval application for 260 apartments has been lodged with the National Capital Authority.
The apartments would span three buildings and could each be up to eight storeys on the 1.5 hectare site, according to application documents submitted to the authority.
A master plan for the site has already been endorsed by the authority, and the lodged application is for the first two development stages of the site.
There will be basement car parking of two levels between each of the proposed buildings and internal shared access roads.
About 1617 square metres of commercial floor is proposed for the ground floor of one building. Another building would have residents amenities including a gym and pool.
Trees would be planted on the verge of Parkes Way and 36 trees would be removed.
The site is adjacent to the heritage-listed ANZAC Park West Cafeteria. A heritage report by Eric Martin and Associates Architects said the development will have "minimal impact" on the heritage value of the site.
The development dubbed 'The Griffin' is already on the market and has spruiked the line "make landmarks your neighbours" in an online advertisement.
It is the first residential offering to be marketed for sale in Parkes and apartments range from $350,000 to $1.45 million+.
Amalgamated Property Group purchased the site for $21.7 million in 2017, at the same time it acquired former government building, ANZAC Park East for $34.3 million.
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The developer started demolition works on ANZAC Park East this year, but unlike the Griffin it has not yet been taken to market.
Sydney-based group EG Funds Management purchased the ANZAC Park West site for $51 million. Plans for redevelopment of the site have not been outlined, however it is under a long-term lease with the Department of Defence.
Earlier this year, Amalgamated Property Group purchased the former Gowrie Court public housing complex in Narrabundah for $20.35 million. It has lodged plans for a $50 million redevelopment on the site.
Public consultation for the development at 44 Constitution Avenue closes on December 13.
Lucy Bladen
Lucy Bladen has been a journalist at The Canberra Times since 2019. She is an ACT politics and health reporter. Email: l.bladen@canberratimes.com.au
Lucy Bladen has been a journalist at The Canberra Times since 2019. She is an ACT politics and health reporter. Email: l.bladen@canberratimes.com.au
