Forty Management has announced that it has started work on the development of Central District Lagoon City Bucharest, the most innovative, self-sustainable, mixed-use urban redevelopment project, unique in Central and Eastern Europe. The value of the investment in Romania exceeds EUR 120 million.
What makes the Bucharest project unique is that fact that it will implement for the first time in Central Eastern Europe the patented Crystal Lagoons® technology, which allows the construction and maintenance of cost and energy efficient artificial turquoise water lagoons of unlimited size. It will cover an area of over 10,000 sqm, have a maximum depth of 2 meters, two large beaches of more than 3,200 sqm and numerous other facilities. The lagoon, which is expected to be completed by the end of this year, will be used for swimming and water sports in summer and partly as an ice rink in winter.
Lagoon City brings around this artificial lagoon a 5* hotel with 323 rooms affiliated to an international brand, 401 apartments for rent, 9,200 sqm of commercial and service spaces, a class A, 8,500 sqm office building, as well as countless other facilities, practically a mini city with all the necessary destinations for urban living. The amenities of Central District Lagoon City will include a heliport, concierge services for all apartments, 3 restaurants, 2 beach bars, a 430 sqm bistro that will also serve the beach area, a sky bar, cafes, a private cinema, kindergarten, 2 SPA centres, a beauty clinic and electric car co-sharing services.
“With this extraordinary project we aim to redefine the notions of lifestyle and entertainment, bringing all these high-end amenities right into the city centre and transforming Bucharest into a holiday destination with turquoise waters and idyllic beaches. Moreover, Lagoon City implements the highest standard of sustainable development, as it is the first mixed green real estate project in Central Europe, self-sustainable, where all utilities are produced in-house,” said Lucian Azoiței, Forty Management’s CEO.
