The project was due to be analyzed Wednesday September 28th in a meeting of the Bucharest General Council, which was to decide whether to approve the zoning permit.
The office building is set to be constructed in one of the busiest intersections in Bucharest, which became even busier after the Basarab Overpass was opened for traffic.
The area is, however, attractive for builders, considering that the owners of Euroconstruct also finalized the 3,000 square-meter Golden Blitz Center project this year, which is still vacant.
Astaldi knows the area very well, given that it is also working on the Raul Doamnei – Eroilor section of the subway Line 5, worth EUR215 million, which will also include the Academia Militara station, close to the plot on Razoare Street.
Astaldi is working on this six-kilometer subway section in consortium with Spain’s FCC Construccion, with whom it also partnered for the construction of the Basarab Overpass, as well as with local companies Delta ACM 93 and AB Construct.
Astaldi representatives had not provided information on the destination of the future real estate project and the value of the investment by the time the story was ready for posting.
(English version by Daniela Stoican)