The first phase of the Aviatiei Park complex could be delivered by the second half of next year.
“We are now waiting for the construction permit for the first phase of two 176 apartment buildings. The construction thereof will take 16 months,” Geo Margescu, founder and CEO of Forte Partners said.
“We will begin the second phase of the project this fall and will complete it in the spring of 2019. We want to build both phases without waiting too much between them to reduce the impact on the first phase. Moreover, we will also build a 10,000 square meter garden along with the first phase.”
The residential complex will have 352 apartments and Forte Partners did not say how much they would cost only that prices would be in the upper medium range. Market sources say a studio there will start at EUR75,000, something Forte Partners did not confirm. The most active developer in the area is One United of Victor Capitanu and Andrei Diaconescu, which sells apartments at a price of EUR2,000 to EUR3,000 per square meter of usable area.
(English version by Loredana Fratila-Cristescu)