New York meets Woden at Grand Central Towers

Woden’s landscape is set to undergo a shake-up with the release of Grand Central Towers.

Released on Wednesday, Grand Central Towers is a $200 million development spanning two high-rise, mixed-use towers.

The project is a joint venture between local developers Zapari and Geocon who took inspiration from New York.

“The development has taken its inspiration from Grand Central Terminal and New York’s restless energy and inventiveness,” said Zapari managing director Nick Skepev.

“Grand Central Towers is going to transform the Woden we know today.”

Skepev added the towers are set to bring a new calibre of living to Woden.

• Related: Woden mixed-use precinct slated as “Canberra’s first transport orientated development”
• Related: DA lodged for two towers at Woden Town Centre bus interchange
• Related: Woden’s Medibank building to be developed into apartments

“We are proud to be on the forefront of Woden’s rejuvenation and to have the opportunity to bring something truly unique to the Canberra market,” he said.

There are 430 apartments across the two towers, which will be replacing Medibank building near the Woden bus interchange.

Geocon managing director Nick Georgalis said the development was driven by the second stage of the light rail.

“Woden’s direct route into the CBD on the light rail makes it an increasingly desirable place to live,” he said.

“The ACT government’s approval of the development application shows confidence in the Woden Town Centre.

“More residential development here will activate the location, having people around day and night, instead of being a ghost town at 5pm when all the workers leave to go home.”

Building works are set to commence this year and the first residents expected to move in by late 2020.