New digs in the Old Town

Warsaw-based Dembud has officially completed its ul. Franciszkańska 14 residential project. The first tenants are to move into their new flats next week. Dembud acquired the attractive 1,300-sqm plot situated close to the historic Old Town district in 2004. Together with construction firm Tulcon, Dembud has built a five-storey building with 28 high-class apartments, four service venues and an underground parking lot.

"We didn't have any problems selling the apartments, which are sized from 58 to 157 sqm," said Dembud president Witold Romanowski. Dembud is now in the process of obtaining a neighboring plot on ul. Bonifraterska, where it plans to build a similar six-storey building.

The Franciszkańska project is dominated by glass. Designer ARE architecture studio used it to create an eye-catching yet harmonious structure. "The building attracts attention, but it still remains in harmony with the surroundings, despite its modern design. We hope visitors to the Old Town will also appreciate this example of modern architecture," added Romanowski. As an added bonus, residents also have a rooftop garden to enjoy.

Dembud recently completed its ul. Czerniakowska 131 residential project in Warsaw's high-end Mokotów district, and will start a new project on ul. Grębołowska in the Stary Bielany district this month. By the end of 2008 Dembud will have completed Villa Negro, which will offer 15 high-class apartments. The company's Warsaw portfolio also includes residential buildings in prominent downtown locations such as Osiedle Graniczna and Żelazna.