Chief Minister Jon Stanhope today announced that the Australian National University (ANU) Exchange had finalised plans for new student accommodation to cater for more than 500 people in the ACT Government’s City West Planning area.
The six-storey building on Kingsley, Childers and Hutton Streets will accommodate 514 students, include parking and have an active street frontage, to add to the growing vibrancy of Childers Street. The building is scheduled to be completed in late 2008.
“In line with the Government’s Affordable Housing Action Plan, this development will help increase the supply and range of rental properties, freeing up rental properties now occupied by students and making them available to the general market,” Mr Stanhope said.
This is the second student accommodation development in the ANU Exchange. More than 500 students moved in to the ANU Uni Lodge on Childers Street earlier this year.
The ANU Exchange precinct is expected to create up to 2000 new residential places and more than 7,000 jobs once fully developed. A high-tech research/commercial facility is currently in the final stages before land sale and is expected to commence in the next few months.
“Following the Territory’s endorsement of the ANU Exchange Master Plan and Implementation Plan last year, we now have a blueprint for the flexible use of land within and adjacent to the ANU precinct, spanning Barry Drive in the north to Gordon Street in the south,” Mr Stanhope said.
“The ANU Exchange is a partnership between the ACT Government and ANU which allows for a dynamic mix of land uses and activities – essential for the vitalisation of City West.
“By encouraging institutional investors such as the ANU, the Government is helping ensure that the university can increase its activities, improve its integration with the city and make an even greater contribution to the Territory’s economy.
An interim car park for more than 100 cars will be constructed as part of the student accommodation development. In addition, remaining car parks will be restructured to increase accessibility and numbers, with the ANU Exchange funding these activities as well as the relocation and temporary accommodation of the community groups currently located on the site.
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