The new phase includes 836 apartments, more than 1,000 underground parking spots and 1,600 square meters of retail space. The investment is put at more than EUR150 million.
The permit also marks the start of the work on the first Hyatt Hotel in Romania, as well as on the first hospital of the Turkish-held Medicana network in the country.
Work is already underway on the third phase of the project, which includes seven buildings, and should be completed by the end of 2029, the developer said.
(English version by Loredana Fratila-Cristescu)