Forty Management begins development of Central District Lagoon City

By Mihai-Alexandru Cristea

2 metres, two large beaches spread across more than 3,200 sqm, and numerous other facilities. The lagoon is expected to be completed by the end of this year.

Forty Management recently announced that it had started work on the development of Central District Lagoon City Bucharest, which it described as the most innovative, selfsustainable mixed-use urban redevelopment project and a unique endeavour in Central and Eastern Europe. The company’s investments in Romania exceed EUR 120 million in value, while its projects in Budapest, Prague, and Warsaw will have investment values between EUR 140 and EUR 190 million each.

What makes the Bucharest project unique is that fact that it will be the first in CEE to implement 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 ogy in all major cities across the country. Constanta has been on our investment radar for a long time, but only now have we been able to identify the best location for our needs—a suitable space in a great area. We will start with five doctors working in the Life Dental Spa clinic in Constanta, and will gradually grow to 10 to 12 specialists,” said Stefan Obreja, the CEO and co-founder of Life Dental Spa. The company plans to invest more than EUR 2 million in 2023 to open at least five new locations.

Additionally, Lagoon City will feature a 323-room 5-star hotel that will be 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 creating a mini-city that provides all the necessities of 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 sharing services.

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