This would be Forte’s second major residential project after Aviatiei Park in northern Bucharest.
“We will build a residential project at U Center. The first stage of the office project will be delivered din June 2021. the second stage starts when the first building is 80% leased and we are currently at 60%. The third stage, which we initially planned to develop as offices, will be turned into a residential component with 500 apartments to be built on the Adesgo lot. We are currently working on the area urban plan to accommodate a residential component,” said Geo Margescu, CEO and co-founder of Forte Partners.
The U-Center office project is estimated at EUR200 million and a general lettable area of 63,000 square meters. The third development stage of the project involves the 1.3-hectare land plot bought from hosiery manufacturer Adesgo last year.