Towers are set to rise in Woden on the failed Aalto apartment site following the ACT government's approval of the project.
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Trilogy, which will consist of 323 apartments across three towers, is expected to be listed on the market next weekend.
The towers will range from eight to 12 storeys and the development will include a resort-style pool.
Amalgamated Property Group bought the site at 7 Irving Street in late 2013 after the collapse of the financial backers of the two-tower Aalto Apartments project.
The ACT Planning and Land Authority has approved a larger development for the site than what was previously proposed.
Aalto was to be one 12-storey tower and a nine-storey tower.
Trilogy will be two 12-storey towers and one eight-storey tower.
During the development application process a proposed nine-storey tower was reduced one level following concerns raised by the Phillip Swimming and Ice Skating Centre about overshadowing.
Trilogy will have one, two and two-bedroom en suite layouts but there will be no three-bedroom apartments.
Each building will feature its own entrance lobby with six-metre ceilings.
The project is being delivered by Milin Builders and Developers along with Amalgamated Property Group, who recently bought the site next to Trilogy.
Amalgamated Property Group general manager Phil O'Brien said the company was very positive about the market in Woden and believed the development would be well received by owner-occupiers and investors.
He said Trilogy represented an opportunity to enjoy the benefits of quality accommodation and resort-style amenities within the heart of Woden Valley.
Independent Property Group project marketing director Wayne Harriden said there had been strong interest in the development before its official launch next weekend.
He said while there were other apartment projects going on in Woden he did not think there would be an oversupply.
Mr Harriden said you only had to look at Belconnen to see that projects done a little bit differently attracted buyers in a market considered to be saturated by units.
"There's clearly demand for something that's a bit different," he said.
"When you do that it's a success."
He said the standout features for Trilogy included the resort style pool and facilities, the stunning views and the flexible floor plans that maximised space.
Mr Harriden said many of the apartments would be priced under the current First Home Buyer stamp duty threshold of $447,300.
Amalgamated Property Group bought the land for $3.81 million last October.
Only a few apartments had sold in the previous Aalto development.
Gold Coast-based LM Investment Management went into administration in March 2013 and creditors resolved to wind up the company in August.
