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Morris Property Launches $500 Million New Canberra Precinct

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Plans for a major apartment precinct dubbed “the Barracks” on City Hill in Canberra has moved ahead, with its developer Morris Property Group planning to launch the first stage of the $500 million development this month.

The first stage of the mega-project, which will transform a 2.6-hectare site formerly used as a car park, has been named “One City Hill”. Comprising 313 apartments across 9-storeys and six retail tenancies, the first stage has a construction value of $78 million.

Larger plans for the site includes up to 1,300 apartments across four buildings with a mix of retail and commercial office. Morris Property Group director Barry Morris told The Urban Developer earlier this year that the project will revitalise a currently underutilised part of the city.

“Including a mix of residential apartments, retail and commercial office buildings. We are excited stage two of the Canberra Light Rail is proposed to pass the site,” Morris said.

Related: Geocon Plans Canberra Retail, Commercial Hub

Fjmt design director Richard Francis-Jones said that the firm referenced the unique character of Lake Burley Griffin.
Fjmt design director Richard Francis-Jones said that the firm referenced the unique character of Lake Burley Griffin. Supplied.

The project, formerly dubbed Section 100, is located between London Circuit and Vernon Circle in inner-city Canberra.

The Barracks will be developed over four stages, with the project marking architecture firm Fjmt’s first residential project in Canberra.

“Fjmt took [the] brief and ran with it,” Morris said.

“The outcome is a luxury building with all the amenity that comes from a larger development – including a half acre of open space, infinity edge pool, theatre and gym – with the privacy and ease of living of a much smaller one.”

The well-known site was first acquired by Mirvac for $93 million from the ACT government in 2007, with Morris Property Group snapping up the site for $85 million in a deal that settled in June.

Colliers International is managing the sales of the project.

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Article originally posted at: https://theurbandeveloper.com/articles/morris-property-launches-500-million-new-canberra-precinct---