Dambovita Center, with mall and skyscraper, will finally replace the Radio House

Thursday, Jul 5, 2012 | Post by TudorEstates

The project, situated in the center of Bucharest, on the banks of the Dambovita River, has been blocked for many years following a lawsuit initiated by the District 1 Mayor’s Office. But local authorities recently dropped the complaint, and the Urbanism Commission of District 1 authorized the Plaza Centers company, which has a 75% participation in the project, to develop and enlarge the Radio House under the form of two buildings, with 5 and, respectively, 26 floors above ground each.

District 1 local authorities explained for B365.ro the motives for extinguishing the conflict: the object of the complaint has disappeared and the issues raised by the Bucharest General Council have been solved during talks with the developer. The main bone of contention was the height level proposed for the buildings (ground floor + 34), the number of parking lots made available to visitors and the traffic problems it would have generated. The developer came with a new Detailed Plan of Urbanism that solved all the problems raised by the local authority, by reducing the number of buildings from 10 to 5 or 6, with a maximum height of 26 floors above ground, increasing the parking areas, and rethinking the traffic flows. The Dambovita Center (Radio House) project is situated in the Eroilor area of Bucharest, on a land that belongs to the Romanian state and has been made available to private investors, through Government Decision 1494/2004, the ‘Salvati Bucurestiul’ Association informs in a press release. The project is a public-private partnership signed in 2006, between Plaza Centers (75%) as real estate developer, ‘Compania Nationala de Investitii’ (15%), and the Kucuk family (10%). IN 47 years from completion it will become property of Romanian authorities; until then, it will generate annual incomes worth 11 million euros to the state budget. The Romanian Order of Architects, the Romanian Union of Architects and the NGOs that belong to the Platform for Bucharest, mainly with regard to the heavy car traffic it will generate in an already crowded area of the city.

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