Emerald Residences nearly ready by the shoreline of Lake Tei
With so many undergoing projects at the moment taking shape in all areas of Bucharest, it is not hard to miss even some of the larger developments. A good example is Emerald Residences, currently approaching its delivery date.
Emerald Residences is located in the area of Floreasca, by the Lake Tei - both central Bucharest (you will be about 3 miles from the city centre) and with a (possible) view of the lake. Although the 12 blocks that comprise the development might seem slightly crowded, the entire project seems to be a bit more airy when you consider the fact that it includes only 279 units and it occupies 15000sqm. Bear in mind that the developer was rather courageous and, while you do get the smallest (studio) flats at 52sqm in 12story blocks, the project also includes a number of townhouses. The details are slightly contradictory there, as the media indicates that the largest houses include a built area of 537sqm, but looking at the plans on the Emerald Residences website the houses seem to be “only” 282sqm (still incredibly generous, as some of them are two- and three-bedroom houses!). The Floreasca area is seen as a relatively green one; adding the lake on top of this you are guaranteed to get some freshness in the air. However, don’t expect crystal water and idyllic shore, as the lake could do with a bit of cleaning, but this is guaranteed to happen in the following years. In any case, you would get your peace and quiet also in the amenities of the development, from gym and fitness centre to an internal garden. But you do have to pay a bit for all these…
With such a recipe, the prices for Emerald Residences are no surprise – starting at 1650€/sqm, the flats do target the higher end of the market. Disappointingly, the project website www.emerald-residences.ro does not provide any information about prices; however, after a bit of digging, apart from the above figure, details also emerged about specific examples from a Romanian discussion forum. A 70sqm flat with a view to the internal garden was up for sale at 104000€ + VAT; another 74sqm flat, but with a view to the lake was available for 141000€ + VAT. While we’re here, the discussion on the forum also flagged a couple of problems. Apparently, in the vicinity of the complex there are some old blocks of flats in desperate need for repair that might be a bit of an eyesore for at least some of the future owners of Emerald Residences flats. Further, the nearby Grigore Moisil road is not exactly the quietest one, with plenty of traffic (read claxons and gas fumes). So, if you decide to go for one of the flats, don’t just go for the cheapest option, but do see the location and its surroundings first.
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Posted: November 3rd, 2007 under Apartments, Property Development, Villas.
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