The Galata Group, which is working with the investment group DRFG on the Ister Tower project in Bratislava's downtown, has launched apartment sales, reports Yimba.sk. The developer is expecting the building permit to be issued soon.
Ister Tower is a relatively massive mixed-use complex, first introduced in detail in 2017. The Galata Group has begun permitting a series of buildings, the dominant feature of which was to be a hundred-meter tower. The development was disrupted by the pandemic and the overall economic situation. Preparations accelerated after DRFG's entry at the end of 2022.
469 residential and non-residential units are planned for the project, 290 apartments in Ister Tower, 125 apartments in the twelve-floor Parkside building, and 44 units in the eight-floor Business Suites object.
Today, the project is close to obtaining a building permit. The developer expects it to be completed during the summer so that it can immediately start the first works. It is currently bidding for a contractor and has also launched a public sale of apartments in three buildings. The second reason may be the struggle to obtain bank financing, as banks need to see that there is interest in housing in the project. The completion date is set for the first quarter of 2029.
CGI source: Ister Tower
