The third stage of the project will have 132 apartments distributed in two blocks, each with 66 housing units of two, three and four rooms.
The works at the first block are scheduled to be completed in April 2017, while the works on the second block will also start this year.
A total 420 apartments of the Vivenda project have already been finalized and fully sold.
Hercesa, which started operations in Romania in 2004, currently plans to build another approximately 5,100 apartments within its three projects in Bucharest: Vivenda Residencias (Basarabia Blvd.), Ghencea residential compound (Prelungirea Ghencea) and Estellas Residencias (Orhideelor St.).