The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
2 WEEKS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE MORE THAN 550 ALREADY ATTENDING
2 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
RetailPartner ContentMon 18 May 20

Rare Development Site on Northbourne Avenue Hits the Block

43cb1538-ceb6-4bc7-b6d2-9acbaf25e7b4

As Canberra’s new light rail network draws residents, shoppers, visitors and diners to precincts located along the route, Northbourne Avenue, the gateway to the national capital, has been revitalised and developers now have the opportunity to secure one of the corridor’s best sites.

Positioned in the heart of Canberra and with a light rail stop on its doorstep, Macarthur on Northbourne has all the right ingredients to become the city’s next major destination.

The 13,663 sqm site is zoned CZ5 mixed-use, permitting a wide range of uses including multi-unit residential, retail, hotel, serviced apartments, restaurants and commercial.

The ACT government has appointed Colliers International and JLL to sell the site.

“Macarthur on Northbourne is just minutes from the CBD and the exceptionally popular Dickson and Braddon dining precincts,” Colliers International director, land marketing, Josh Reid said.

“From this location, everything is in reach including shopping, dining, entertainment options, business centres and some of Canberra’s most beautiful nature reserves and parks.

“Since the light rail network began operation, we have experienced a significant upswing in residential demand, while new hotels, shops, offices and restaurants have also opened.

Whatever type of development the successful tenderer plans, the location of Macarthur on Northbourne will provide excellent access for residents, customers or guests.”

JLL ACT managing director Andrew Balzanelli said that sites on Northbourne do not come to market often.

“Particularly sites of this calibre. It really is the biggest little block on Northbourne,” Balzanelli said.

“With a dwelling yield of 434, Macarthur on Northbourne has the potential to be a vibrant mixed-use precinct where people want to live and spend time.

“With a light rail stop directly out the front, you can imagine its shops, cafes, restaurants and bars drawing people from across Canberra as well as servicing daily commuters and employees from surrounding offices.”

Tenders for Macarthur on Northbourne close 2pm, Thursday, 13 August 2020. To obtain a copy of the tender documentation, please contact JLL or Colliers International.

Click here for more information.


The Urban Developer is proud to partner with Colliers International to deliver this article to you. In doing so, we can continue to publish our free daily news, information, insights and opinion to you, our valued readers.

RetailResidentialOfficeHotelInternationalCanberraPrecinct
AUTHOR
Partner Content
More articles by this author
ADVERTISEMENT
TOP STORIES
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
View All >
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
Logan Wastewater Funding hero
Infrastructure

Flush of Funding to Deliver 20,000 New SEQ Homes

Phil Bartsch
Without the $135.98-million injection it is claimed the Logan City Council would have had to stop approving new housing …
LATEST
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
3 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Logan Wastewater Funding hero
Infrastructure

Flush of Funding to Deliver 20,000 New SEQ Homes

Phil Bartsch
3 Min
Stockland's Triniti HERO
Build-to-Rent

Stockland $400m North Ryde BtR Approved on Appeal

Leon Della Bosca
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/major-development-site-on-canberras-landmark-thoroughfare-released