A new business center will be built in Limassol
On Friday, May 19, Costa Palona Ltd submitted its new commercial project for consideration to the Cyprus Department of Environment.
According to the release, the developer intends to construct a building in the western part of the city, near the new Limassol marina.
The construction site is located 290 meters southwest of Antonios Gymnasium and 750 meters southeast of the Limassol yacht marina. The height of the structure will be 48.05 meters. The building will comprise 11 above-ground floors, 2 basement levels, a mezzanine, and 1 ground floor. The lower floors of the business center will accommodate shops, while the upper floors will house office spaces. The building will also feature a rooftop garden with a pool, surrounded by landscaped areas.
The estimated cost of the project is 5 million euros. It is expected that construction work will commence shortly after obtaining all the necessary permits and will last for approximately 18 months.
Currently, the designated construction plot contains several trees, which will be preserved during the construction process. No endemic plant species have been found in the area.
According to the developer, the main goal of the new project is to meet a portion of the labor and commercial needs of the broader western part of the city. It is anticipated that the construction of the commercial high-rise will create new job opportunities and further strengthen the region by enhancing its socio-economic character.
It should be noted that Cypriot developers were recently granted permission to construct high-rise buildings in the central and western parts of Limassol. This has spurred active development in previously neglected areas. As a result, a significant number of new high-rise buildings may soon emerge in the area.
For more detailed information about new projects, you can visit DOM. The website also offers a wide range of real estate properties in Cyprus, both residential and commercial. Choose and consult with professionals who will assist you in making the right choice!