The launch of Park Avenue Canberra by Morris Property Group is a clear indicator that the ACT economy is thriving.
Comfortable and stylish city living is now a reality with the release of Morris Property Group's $110-million development, Park Avenue, in the heart of Canberra.
The new development will deliver 184 architecturally designed residences ranging from 67-square-metre one-bedroom apartments to 192-square-metre penthouses.
MPG will complete Park Avenue as the next in a long line of successful residential projects in the ACT, with a further four under construction.
MPG development manager Barry Morgan said what attracted the group to the 3000-square-metre site, bought in early 2015, is the demand for inner-city living with enticing lifestyle amenities - all within walking distance and partnered with uninterrupted views of the city.
"City living is a precious commodity in Canberra, and with supreme locations such as Canberra Centre retail precinct, Canberra Casino entertainment precinct, Commonwealth Park, and Lake Burley Griffin within a short stroll, Park Avenue Canberra offers residents the perfect combination of work and play," he said.
Perched alongside premium retail and office space, these architecturally designed one, two and three-bedroom residences will offer buyers a high-end lifestyle with unrivalled lifestyle attractions.
"Canberra is a prime example of a vibrant and exciting metropolitan life that doesn't compromise on lifestyle. With so many significant locations close by, all of Canberra's features are on display from this exceptional location," Mr Morgan said.
The launch of Park Avenue Canberra is another sign Canberra is booming, with a number of large infrastructure projects under way including the first stage of the Light Rail Network and Canberra Casino redevelopment, which is expected to increase visitor numbers to 617,000 by 2030. The University of New South Wales is also set to build a new campus on a site fronting Parkes Way, within a five-minute walk of the Park Avenue Canberra project.
With apartments starting from $379,900, Mr Morgan said they are expecting enormous interest from owner-occupiers and investors.
