Affordable housing from Mermaid
Mermaid Properties, a residential and office developer, will offer 17 apartments for community housing in Łód following a barter agreement signed in October with the municipal authorities.
The apartments, whose total value is estimated at zł.2.5 million, will be presented to the city authorities in exchange for two plots of land at Tatrzańska 5 and Częstochowska 18, where the company is planning to construct an office and residential complex, Cross Point Łód. The new development will be raised as part of the regeneration process in the city and will be located in an area which used to house the Polish textile producer, Próchnik.
According to Grzegorz Zawada, director of MR2, a company established by Mermaid Properties to manage Cross Point Łód, "The idea to go with this kind of settlement came up during a meeting of MR2 representatives with the Deputy Mayor of Łód, Włodzimierz Tomaszewski, in January this year. We decided to go with this solution as we want to regenerate the entire area between Milionowa, Rydza migłego, Tatrzańska and Częstochowska streets."
The apartments will vary in size from 35-55 sqm and will be completed with basic fittings throughout.
"We believe that this kind of settlement between the company and the city will be beneficial for both sides," said Łukasz Dołęga, vice president of Mermaid Properties "The city councilors will be able to dedicate the apartments towards the residential needs of people who live in Łód, while we gain a place for a new investment in the city."
Anna Kapica-Harward
