|The development will be located in Warsaw's Siekierki district|
Courtesy of Budimex
Warsaw Stock Exchange-listed developer Budimex Nieruchomości is set to launch construction on its Wiślany Mokotów multifamily housing investment this spring.
The development will be located in Warsaw’s Siekierki district, in the vicinity of the Siekierki heat and power plant, close to the Vistula River. When fully completed, at the end of 2014, the investment will comprise four three-storey buildings with a total of 152 apartments.
The units will comprise between one and four bedrooms and will range from 27 sqm to 81 sqm, with studio apartments between 27 and 33 sqm, two-bedroom dwellings of 38-52 sqm, and three and four-bedroom units of 50-65 sqm and 68-81 sqm respectively. Budimex says that all of the units will have practical layouts and will have either a balcony or a terrace with a small garden.
The housing estate will also offer its residents an underground parking lot for 228 cars and 28 outside parking spaces.
Wiślany Mokotów will be located near the intersection of ul. Bluszczańska and ul. Ananasowa in the previously sparsely populated Siekierki district, a home to community gardens. The district has become popular for developers only recently. They tout it as a green area with access to the city center via the Trasa Łazienkowska and Wisłostrada roads. The location’s disadvantage is a high level of ground water and its close proximity to the bank of Vistula River.
Despite these drawbacks, an increasing number of developers are starting construction there. On ul. Bluszczańska, Rzeszów-based developer Besta will complete its 100-apartment Bluszczańska Og-rody estate at the end of 2013. There are also the Tarasy Bartycka estate built by TGI and APM’s Bartycka Residence and Osiedle Bluszczańska.
Construction company Budimex is the general contractor on the project. Part of the Budimex group, Poland’s largest construction holding, Budimex Nieruchomości has delivered almost 6,000 apartments to the Polish market to date.
From Warsaw Business Journal
Sobieski Business Park construction to launch soon
Impexmetal's skyscrapers get go-ahead
Warsaw's Wola becomes top residential district
HB Reavis on track for railway redevelopment, office construction
Is Poland's ruling party finished?
BY Remi Adekoya
Migration and remittances in the euro zone periphery
BY Stratfor Global Intelligence