THE ACT Government last week announced that work is about to start on Southquay, a new-mixed use development on the shores of Lake Tuggeranong that will result in the creation of up to 1,000 dwellings and more than 3,000 square metres of commercial space.
The entire urban precinct, which comprises 13 blocks with development on both sides of the lake, will be built in stages, with the western side between Anketell Street and the lake to be constructed first followed by the area between the lake and Drakeford Drive.
According to the government, sites that have frontage to Anketell Street will allow for development of 6-8 storeys, with allowance for three towers of a maximum of 12 storeys. Development will step down to 2-4 storeys at the lake's edge in order to maximise lake views and retain appropriate scale.
Blocks expected to accommodate the first 300 dwellings are anticipated to be released by mid-2014 with the remaining sites on the western side to be released over the following three financial years.
The development on the lake's eastern side, which is still subject to a land use policy approval process, will have maximum heights of three storeys and result in the construction of approximately 150 dwellings, with blocks expected to be released in the 2016-17 financial year.
According to the government, Southquay is in line with its infill policy and aims to boost the viability of the Tuggeranong Town Centre and encourage a lively and active lake foreshore. It is also one of the first projects to be delivered after the release of the Tuggeranong Town Centre Master Plan in September last year by Environment and Sustainable Development Minister Simon Corbell.
Mr Corbell said that extensive community consultation was undertaken by the Land Development Agency during the planning process for the project, adding that stakeholders, including the Tuggeranong Community Council, have had significant input into its development.