Real estate developer Nusco Imobiliara has received the construction permit for the second phase of the largest urban regeneration project in the northern part of the capital – Nusco City. The second phase of the complex will comprise 840 units, including studio apartments, two, three, four rooms apartments and exclusive duplexes – with an estimated investment of over EUR 130 million. The first phase of Nusco City delivered 622 new homes to the community.
“Nusco City is the largest project in our company’s portfolio. Spread over 23 hectares, Nusco City will accommodate a total of over 3,000 apartments, parks, green areas, and infrastructure, covering approximately 40 percent of the entire project area. It will also include educational facilities, dedicated commercial zones, and office spaces – showcasing the true magnitude of this urban regeneration project,” says Michele Nusco, CEO of Nusco Imobiliara.
Nusco City was launched in the winter of 2020 and delivered its first phase in Q2 2023. The second phase is set to begin construction in Q3 2023, with the first 340 units, and is estimated for delivery in Q3 2025. The project’s constructor is the company Pedro Construct.
