But one such development on London Circuit has brought the opulent concept to the nation's capital.

The Capitol Residences by Canberra-based developer Crafted welcomed its first residents this month after the build was completed in April.

The 14-storey building has 207 apartments, along with a gym and sauna But the standout feature is the lobby - quite unlike anything seen before in a Canberra residential building.

At the entrance there is an awning, over the outside footpath with hundreds of light bulbs - reminiscent of an old-style theatre. There is a revolving door and inside the lobby has 7-metre high ceilings.

The concierge will handle all packages and there is a cool room for grocery deliveries. As well, there is a dry cleaning service.

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The building was designed by Australian firm Architectus and interiors were by Fiona Lynch - it was the first multi-unit residential project for the interior designer.

Crafted director Matt James said he wanted to bring something different to Canberra and his inspiration came from New York and London. He wanted to build something with international appeal.

When Mr James and business partner Peter Sarris purchased the block in 2015 they did not have a design for the block, however, an overseas trip to America and Europe changed that.

"The first place I went was Chicago because one of my best friends ... has a businesses there. We stayed at his building or his apartment in the building at a suburb in downtown Chicago," Mr James said.

"Architecturally, it's not that exciting, it's a big 1980s building but that building had absolutely everything, it had doormen, a concierge, cool room, package delivery and dry cleaning service.

The next destination for Mr James was the Gramercy Park Hotel in New York.

"Its lobby and bar areas are some of the best spaces I have ever seen, with its grand entry. We again wanted to bring that same feel to Canberra," he said.

Last stop was London, and a project called One Kensington Gardens by internationally renowned architect David Chipperfield.

Crafted development manager Robert Speight said in bringing something different to the market place, they wanted to work with companies which had never worked together before.

"You find it hard to break new ground if you are not stepping out of that comfort zone," he said.

Crafted received approval for the development in late 2017, and the demolition of the existing 1960s building began shortly after. Construction started in March 2018.

Mr James said 202 apartments have sold.

As part of the build, the developer bought a park, which sat in the middle of the existing precinct, off the ACT government.

The park was demolished to make away for a four-level basement parking, however, Crafted re-made the park on top of the car park.

The park was then given back to the ACT government to be used as public space.