The Timișoara City Hall recently approved the Zonal Urban Plan (PUZ) for a new urban regeneration project by Țiriac Imobiliare, owned by Romanian billionaire Ion Țiriac.
The project proposes the conversion of a former industrial complex of nearly 5 ha into a mixed-use development.
The future district will include 17 buildings – residential, office, commercial, hotel, and service units – and approximately 1,600 parking spaces, both underground and at ground level.
A central element of the project is the rehabilitation of the heritage buildings, a testament to Timișoara's industrial history. Of the 11 buildings originally constructed in 1904-1905, designed by architect László Székely, 5 have survived and will be brought back to life, preserving an important part of the city's identity.
"This project has the potential to completely transform the entire area, giving it a new lease of life. Timișoara is regaining a valuable public space, abandoned for decades, and we are saving an important part of our history: the city's first slaughterhouse. For the first time, this place will be open to the public, offering access to a heritage that has been inaccessible until now," said Timișoara Mayor Dominic Fritz.
Three development phases
The investment is divided into three phases. In the first phase, the developer will focus on rehabilitating the historical buildings and creating a public square, thus opening the area to the community.
In the subsequent phases, modern buildings will be constructed, and green spaces and parking areas will be developed. Furthermore, the developer is responsible for implementing public utility networks and organizing the road infrastructure in the area.
