Sod turns on ‘renaissance’ for Manuka

Back

Construction is now officially underway on Morris Property Group’s Renaissance development in Manuka.

The first stage of the development will see the 4,500sqm block on Light Street, the former site of the Stuart Flats, become home to 94 one-, two- and three-bedroom apartments, with construction on stage one expected to take around 18 months.

Four subsequent stages will follow over the next five years, ranging in size between 30 and 96 apartments.

Morris Property Group director, Barry Morris, said interest had been strong for the project as a whole, with 65 of the 94 stage one apartments already sold as at Wednesday 1 July.

“[We also] have strong interest in the final stages despite not having gone to market with them yet,” he said.

Mr Morris said the $300 million development has been “scaled down” from the site’s permissible use in order to extend the “village feel that has long been a hallmark of Manuka”, and said Renaissance will inject some much-needed life into the area.

The project is expected to generate around 1,000 construction jobs as well as employment in the medical centre slated for the development’s ground floor. Stage one is expected to be completed in late 2021.

Find up-to-date local news, lifestyle, entertainment, sports and more at Canberra Weekly.

Related News

Canberra market defies expectations: Weekly market wrap with Sam Dodimead

Canberra market defies market expectations The property market in Canberra has...

Secluded sanctuary in Bywong

Set on just over 18 acres, ‘Wurinyan’ could be the...

ATO issues ‘need to know’ for rental property owners at tax time

It’s nearly that time of year again; most dread it,...