Palladyo, a residential project located on Theodor Pallady Boulevard, has completed its structural framework, entering an advanced construction stage. The total investment is estimated at €20 million. The project is developed by Mulberry, a company founded by Oleksandr Sobko and active in markets including Lithuania, Romania, the United Kingdom and Cyprus. Palladyo includes 130 residential units, from studios to four-room duplexes, two ground-floor commercial spaces, shared terraces and 134 parking spaces, of which 75 are underground and 59 above ground.
"The completion of the structural framework is one of the important stages in a residential project, because it shows the shift from planning to a more visible phase of development. Theodor Pallady Boulevard has a different urban dynamic today than a few years ago, and this is reflected in the interest for well-connected residential projects," said Oleksandr Sobko, founder of Mulberry. Palladyo is being built across two buildings: Building A has up to 12 floors and Building B up to 10, both with duplexes on the top levels. Project management is handled by Optim Project Management. Delivery is scheduled for the second quarter of 2027.
The project began generating commercial interest after its launch at the nZEB Expo, an event dedicated to energy-efficient construction held annually at Romexpo in Bucharest and at BTarena in Cluj-Napoca. Theodor Pallady Boulevard has established itself in recent years as one of the main development corridors in eastern Bucharest, combining access to the metro and surface public transport with road infrastructure, large-scale retail and new residential projects. The area has gradually shifted from a transit axis and commercial zone to a mixed-use area.
Palladyo is located directly on Theodor Pallady Boulevard, with access to the 1 Decembrie 1918 metro station roughly seven minutes' walk away. Its proximity to IKEA Pallady, Auchan Titan, ParkLake Shopping Center and Titan Park supports its everyday functionality. The development is designed to the nZEB standard, an increasingly relevant criterion as buyers consider not only the purchase price but also long-term usage costs.
"We see a clear change in how buyers evaluate residential projects. In the upper-middle and premium segment, the decision is no longer influenced only by location or size, but by a broader set of criteria: the real stage of construction, delivery predictability, energy efficiency and parking. Palladyo is relevant precisely through this combination of concrete elements," said Daniel Tudor, Founding Partner and CEO of The Concept. Sales are handled through an exclusive mandate granted to The Concept, a real estate consultancy with offices in Bucharest and Warsaw that has coordinated sales for more than 130 residential developments and over 6,000 apartments.
