A new palace for Murano

Budimex Nieruchomości is set to begin construction of Apartamenty Murano on the site of a former bus depot on ul. Inflancka in Warsaw. When the company bought the plot, they paid a then-record sum of zł.116 million. Budimex Nieruchomości has already been granted a building permit for the first phase of the project, which will begin soon.

"We want to create an exceptional place in Warsaw that links elegance with the comfort of city life. Through a reference to the legendary Murano Palace, we want to rediscover history in this part of the city," says Ewa Perkowska, trade director at Budimex Nieruchomości.

The first stage of the development involves the construction of 261 apartments. Construction is to begin in April and reach completion by the end of 2008 or early 2009. Budimex-Dromex will be the general contractor. Once the three-stage investment is finished in 2010, it will contain some 750 apartments.

Buildings ranging from seven to 14 storeys will house the apartments, which are priced at an average of zł.14,000 per sqm. Retail and service sections of the complex, amounting to 5,000 sqm, will also be up for sale.

"In the 1950s, this part of the city was rebuilt in the socialist realist style. When designing the complex, we took that into account. Here, we are building a whole city quarter with squares, streets and a shopping center. The complex was designed so that the division between public and private areas is easily recognizable and residents will have access to a one-hectare garden," says Marek Dunikowski from Biuro Architektoniczne DDJM in Kraków, the project's designer.