Radius speeds up
ResidentialThe developer is planning to build the Nowy Raków II estate which is to be located next to the Nowy Raków estate and will include app. 700 apartments. “We’ve already installed the utilities and a new section of ul. Borsucza has been constructed from the roundabout in ul. Rakowska to ul. Bakalarska with all the necessary infrastructure,” says Robert Nowakowski, the president of Radius Projekt responsible for residential development. Also the Nowy Raków estate is under construction at ul. Instalatorów 7B on an 8 ha plot with the work having begun in April 2013. The first stage will include 2,000 apartments with internal roads and landscape architecture. Construction work for the project should take six years. “We are currently more or less halfway through the development of the ‘Osiedle Nowy Raków’ project. The foundations are being poured for buildings 10 and 11 (out of an eventual 18). As long as the economic climate on the residential market doesn’t change, we are planning to launch a new stage every quarter and the construction of the project’s last few buildings should start in 2018,” explains Robert Nowakowski. The company is also constructing buildings ‘A’ and ‘B’ in its Apartamenty Bakalarska estate. The apartments are of a high standard with services on the ground floor. Building ‘C’ (which represents the third of four stages) has also been marketed. The company is also planning the construction of an estate in Rembertów. It will include 1,500 apartments. “It will be an economy-standard estate,” Radius Projekt board member Aron Domżała told ‘Eurobuild CEE’. In the Powiśle district, a project is to be built offering 50 apartments on a site that is currently leased to Syreni Śpiew nightclub as well as on the site of a building on ul. Szara that used to belong to the Democratic Left Alliance party. “We already have the land development conditions decision,” said Aron Domżała. “We are planning the construction of a very high standard apartment building offering a view of the park,” he added. Radius Projekt purchased the area from the Democratic Left Alliance party together with the Rozbrat 44a office building which includes the Na Lato bar and restaurant. “The Syreni Śpiew nightclub is a long-term tenant of ours but they have already been informed of our investment plans. We are also on good terms with the neighbouring housing associations, which are happy with the planned project and the change of the current zoning into a residential area. The nightclub building is not listed with the historic monument preservation office and we have received an opinion from the provincial and city historic monument preservation offices that the pavilion on ul. Szara is of no historical value,” added Aron Domżała. Since 2012 the company has also been working as the general contractor on a number of residential projects. “We currently have nearly 20 commercial and residential projects in our portfolio, the total value of which exceeds PLN 1 bln,” said Aron Domżała. “The Radius Projekt group completed nearly 800 apartments in 2015,” said Robert Nowakowski. Radius Projekt was founded in 1995. So far it has completed more than 20 commercial and residential projects including the Centroom estate. The flagship projects of the company are the office projects Rozbrat 44A and Barbary 1, where an Alior Bank branch is based. “The construction of the Jerozolimskie 200 building is currently underway. We are planning to extend it with an additional useable area of 50,000 sqm,” said Wojciech Gwardys, president of the board responsible for managing commercial facilities. The building at Al. Jerozolimskie 200 is a former Era meter and computer factory. Radius Projekt is also the investor of an office and retail project at ul. Nowy Świat 32, one of the tenants of which will be H&M as well as a retail and service facility at ul. Nowy Świat 68, with tenants that include a McFit fitness club, McDonald’s, Rossmann, Tchibo and Orange.
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