News, Latest News, Keggins, Borrowdale House, Woden, Canberra Development, Woden Development, Woden Post, Refurbishment, Apartments
Borrowdale House in Woden can be converted into a 24-story building as the new owners have proposed building 222 apartments on the site. Canberra-based developer Keggins has bought the former Woden Post Office and is planning a residential and commercial building worth $ 75 million on the 2229 square meter site. However, the municipality has raised concerns about the shade and the height of the building. This came after the Cromwell Property Group recently dumped Borrowdale House and the neighboring Lovett Tower. In a recent business update, the real estate investment firm announced that it has reached agreements with buyers about the buildings. Keggins bought Borrowdale House in late October. Lovett Tower was bought by another developer. Previous owners of Borrowdale House had an application for a 24-story tower, which was conditionally approved in 2010. The application stagnated until earlier this year when it was approved. This despite the fact that the building has been resold twice since then. Borrowdale House was bought by Cromwell in 2015. They had planned to convert it into a parking garage for the Lovett Tower, but those plans were abandoned. Keggins acquired the property with the approved 24-story development application and said the plans were in line with it. The developer has named the building “W2” and plans to bring apartments to the market next Wednesday. Keggins developed the Sapphire development at Kingston Foreshore and General Manager Brett Smith said the developer wanted to play a role in “the evolution of Woden”. “Keggins has a philosophy of hand picking premium websites for its projects and we had a strong desire to be part of the development of Woden,” he said. “This location is in the heart of the city center and has direct access to major amenities. So we have a great opportunity to realize a project that suits its central location. ”But the 24-story tower plans were pushed back by the community in 2010, and it has done so again. Fiona Carrick, president of the Woden Valley Community Council, asked why it was approved 10 years later. “I don’t know how to pull something out that is 10 years old and not verify its adequacy,” she said. Ms. Carrick said she was concerned about the height of the building. She said she felt the building’s location on the edge of the town square would result in overshadowing. “We are very concerned about the overshadowing and the effects of the wind,” said Ms. Carrick. MORE REAL ESTATE NEWS: Ms. Carrick, who recently ran as the independent candidate for Murrumbidgee in the ACT elections, has long battled the allowable heights in Woden Town Square. Buildings in the town square can have up to 28 floors. It already has the 26-story Lovett Tower, which was built in the early 1970s, but the other buildings are three-story. Keggins said they shared shadow modeling diagrams with stakeholders and they did not show any adverse effects on overshadowing. The developer has planned to submit a development application for changes to the impact on the town square, facade and an increase of 14 units.
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November 14, 2020 – 4.30 a.m.
Borrowdale House in Woden can be converted into a 24-story building as the new owners have proposed building 222 apartments on the site.
Canberra-based developer Keggins has bought the former Woden Post Office and is planning a residential and commercial building worth $ 75 million on the 2229 square meter site.
However, the municipality has raised concerns about the shade and the height of the building.
This came after the Cromwell Property Group recently dumped Borrowdale House and the neighboring Lovett Tower.
In a recent business update, the real estate investment firm announced that it has entered into agreements with buyers about the buildings. Keggins bought Borrowdale House in late October. Lovett Tower was bought by another developer.
Previous owners of Borrowdale House had an application for a 24-story tower, which was conditionally approved in 2010. The application stagnated until earlier this year when it was approved. This is despite the fact that the building has since been resold twice.
Borrowdale House was bought by Cromwell in 2015. They had planned to convert it into a parking garage for the Lovett Tower, but those plans were abandoned.
Keggins acquired the property with the approved 24-story development application and said the plans were in line with it.
The developer has named the building “W2” and plans to bring apartments to the market next Wednesday.
Keggins developed the Sapphire development at Kingston Foreshore and General Manager Brett Smith said the developer wanted to play a role in “the evolution of Woden”.
Another artist is impressed by the planned renovation. Image: Delivered
“Keggins has a philosophy of hand-selecting premium websites for its projects and we had a strong desire to be part of the development of Woden,” he said.
“This location is in the heart of the city center and has direct access to major amenities. We therefore have the great opportunity to implement a project that corresponds to its central location. ”
But the 24-story tower plans were pushed back by the community in 2010, and it did again. Fiona Carrick, president of the Woden Valley Community Council, asked why it was approved 10 years later.
“I don’t know how to pull something out that is 10 years old and not check for adequacy,” she said.
Ms. Carrick said she was concerned about the height of the building. She said she felt the building’s location on the edge of the town square would result in overshadowing.
“We are very concerned about the overshadowing and the effects of the wind,” said Ms. Carrick.
Ms. Carrick, who recently ran as the independent candidate for Murrumbidgee in the ACT elections, has long fought against the allowed heights in Woden town square.
Buildings in the town square can have up to 28 floors. It already has the 26-story Lovett Tower, which was built in the early 1970s, but the other buildings are three-story.
Keggins said they shared shadow modeling diagrams with stakeholders and they did not show any adverse effects on overshadowing.
The developer has planned to submit a development application for changes to the impact on the town square, facade and an increase of 14 units.
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