A New Mixed-Use Complex Will Appear in Nicosia

On Wednesday, November 22, Alexandros Stephanis & Co Ltd announced its intention to build a new multi-purpose complex in the Strovolos area of Nicosia.

According to the developer's release, the project will be realized in two phases. The first involves the construction of underground and basement floors, as well as the commercial part, which will house the Stephanis Electronics store. Then Alexandros Stephanis & Co Ltd will construct residential apartments. The building will have a total of 41 apartments.

It should be noted that the height of the building will be about 57 meters. Thus, the commercial part of the complex will consist of two ground levels and a mezzanine, and the residential part will consist of 10 levels, which will be fitted with apartments and one additional floor, where a terrace for recreation, a swimming pool, a bar, as well as a gym will appear.

In more detail, the high-rise will look as follows:

Basement level

1. Parking lot for the residents of the complex (64 spaces)
2. Warehouse (42 spaces)
3. Generator room
4. Electromechanical installations

Ground level

1. Indoor and outdoor parking for store visitors (93 spaces)
2. Entrance to commercial development
3. Warehouse
4. Sanitary premises

Floor 1

1. Guest parking for residential development (6 spaces)
2. Warehouse
3. Office premises
4. Solid waste collection and recycling areas
5. Public green area
6. Premises for EAC substation
7. Private green areas

Floor 2

1. Exhibition Space
2. Warehouse
3. Mechanical spaces

Floor 3

1. Warehouse
2. Mechanical spaces

Floor 4

1. Bar
2. Swimming pool
3. Common areas (terrace, grill)
4. Gym
5. Mechanical space
6. Toilets/locker rooms

Residential floors

The cost of the project is estimated at 17.7 million euros. Construction will start as soon as all necessary permits have been obtained.