Romanian developer HILS Development has announced the launch of a new mixed-use scheme in Bucharest that will include residential, office and retail components that will cover 180,000 sqm.
The HILS Republica project has a 10-year development plan and will be located on the grounds of the former Faur-Republica industrial platform.
The company has already started the construction of the first 370 residential units in the project that will be completed at the end of next year. All in all, HILS Republica will include 5,000 residential units, 20,000 sqm of office spaces, a commercial area of 50,000 sqm as well as green spaces covering 55,000 sqm and various facilities for residents and tenants.
Ionuț Negoiță, Founder and CEO of HILS Development, said that HILS Republica will be a ”7-minute city” will all the facilities required in an urban area.
HILS Development was launched in 2018 and has launched seven residential projects in Bucharest to date.
