Developments

Geocon’s $120m complex gets the nod

The Observatory Living project in the Canberra suburb of Wright has been given the green light by the ACT government.

Developer Geocon’s $120 million apartment project has been approved by the ACT Planning and Land Authority for 270 units – more than the original 212. Geocon paid $9.2 million for site in October 2011.

The Observatory Living project is the largest multi-unit site and will consist of seven buildings ranging in height from four to six storeys.

The single six-storey building will contain 90 units. The development will surround a central courtyard.

Geocon managing director Nick Georgalis said construction would begin soon.

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