Local developer Redport, in collaboration with entrepreneur Dan Șucu, obtained the Detailed Urban Development Plan (PUD) approval for the first two phases of its mixed-use scheme Infinity Nord in northern Bucharest.
The development will start this year and the completion of the entire complex is expected by 2030.
The company will invest around €180 million, aiming to deliver approximately 2,000 apartments and 20,000 sqm of commercial space across three development phases.
The project, located in the Străulești - Petrom City area in Northern Bucharest, will span a 44,000 sqm plot with a total buildable area of 123,000 sqm.
Cosmin Savu-Cristescu, CEO and Founder of Redport, said: "Infinity Nord is a development designed with a focus on sustainability, energy efficiency, and the integration of advanced smart living technologies.
It is designed to be a comprehensive urban hub, incorporating housing, commercial areas, medical and educational facilities, and 1,500 parking spaces.
Retailer Auchan has already leased 2,400 sqm for a supermarket in the project, while fitness chain World Class has leased 1,800 sqm for a new location.
