An investigation into a failed, then re-birthed, Tuggeranong development proposal has been dropped.
Access Canberra had been probing the circumstances surrounding Geocon's announcement in February that it would partner with developer Empire Global to deliver a $270 million mixed-use complex in Greenway.
The unveiling of the joint-venture came just two months after Empire tore up contracts with buyers into a project slated for the same site - called Jardin - after it conceded that it would not be able meet key deadlines.
The move prompted mixed reactions among Jardin buyers, who had been given no forewarning about Empire's intention to abandon the project's 237-unit first stage.
Access Canberra said at the time it was yet to receive any formal complaints about either developer's conduct, but was "making enquiries" into possible breaches of consumer protection law.
The Canberra Times reported that Jardin buyers were being offered "special deals", including discounts on other Geocon properties, to buy into the proposed new development, which has been dubbed Aspen Village.
In a statement this week, an Access Canberra spokeswoman said that based on the available information, the "conduct is unlikely to raise concerns under Australian Consumer Law".
The agency would not pursue the matter further, she said.
The news has been welcomed by Geocon, with a spokeswoman saying that it was "pleased to learn that no issues had been identified".
She said the construction giant, who is spearheading the project on behalf of the joint-venture, was now in the process of a finalising a development application amendment to be lodged with The ACT Planning and Land Authority.
While Empire has secured development approvals for the site, an amendment is needed because Aspen Village, unlike Jardin, is set to include a large commercial component.
Geocon is also partnering with Empire on a 282-unit development in Gungahlin, to be known as The Establishment.
