The government is in negotiations with a preferred buyer for the former Red Hill public housing site.
One of Canberra’s largest available blocks, the site behind the Red Hill shops went to expressions of interest in November last year. Tender applications closed in March.
On Thursday, a Suburban Land Agency spokesman confirmed the site was under negotiation and said more information would be provided “some time soon”.
The 53,002 square-metre site had 143 public housing units built in the 1960s, but tenants have been moved and the public housing demolished to make way for new housing under Red Hill Precinct estate development plan.
A development application for the precinct was lodged in March 2017 and was approved by the planning directorate in June that year.
It is adjacent to the Red Hill shops and bounded by La Perouse Street and Monaro and Cygnet Crescents.
The precinct will see up to 252 new homes built, with a combination of 108 single detached and terrace-style homes and between 83 and 144 multi-unit apartments.
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