Tenders have been called for the sale of the former Red Hill public housing precinct, after the approval by the Planning and Land Authority of plans for the development of 252 homes on the 5.3 hectare (53,002 square-metre) site.
JLL and Colliers International are the sale agents for ‘The Precinct Red Hill’, which they describe as a luxury Englobo opportunity in the heart of Canberra’s south.
The ’boutique village neighbourhood’ in “one of Canberra’s most sophisticated suburbs” will contain approximately 108 detached and terraced single residences, all with individual Crown leases, and between 83 and 144 multi-unit apartments.
Colliers says the heavy lifting has been done. “All that’s needed is a unique developer’s vision and a strong desire to create Canberra’s latest legacy,” it says.
Minister for Planning and Land Management Mick Gentleman said the new development would be an exciting new urban renewal opportunity for the Red Hill area.
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