The company plans to develop a residential project on the acquired land – Quartier Pipera – with over 450 homes and a total investment value estimated at more than EUR65 million.
STC Partners will begin construction of the project in the second quarter of 2026, with completion of the complex estimated for the first quarter of 2029.
“We are currently working on the project concept, as we are in the zoning permit securing process stage. We will include double studios, 2-, 3-, and 4-room apartments, parking spots, storage spaces, gardens, and many other amenities, all in the three buildings of the project,” explains Adi Steiner, partner and CEO of STC Partners.
Green areas and urban gardens will cover 35% of the total land area, of which 25% will be natural green areas. The aboveground built area will be approximately 42,000 square meters, and the underground area is estimated at 19,000 square meters.
(English version by Loredana Fratila-Cristescu)