Suburban siren song
Mermaid Properties has bought two plots in Aleksandrów Łódzki, where it plans to develop a residential complex. Construction will be launched this year.
"We wanted to create a family project, so we aimed to acquire an area that is peaceful, secure and full of greenery. We were looking for a compromise between living outside a city and a place with good access to the work place. Aleksandrów Łódzki fulfills these requirements," says Marek Kaszkowiak, project director at Mermaid Properties.
The two plots of 10,000 sqm and 13,000 sqm will include two complexes of five-storey buildings, mainly comprising three-room apartments of between 50-60 sqm. The complexes will be divided by a street and surrounded by a fenced-off recreational space. Traffic will not be allowed within the fenced area.
The project will be completed in two stages. The first stage, which will be launched at the end of 2007, will develop the smaller plot and will include around 170 apartments, with total space amounting to 8,800 sqm. The second stage will include 250 apartments, with a total space of 12,500 sqm.
The entire project is being designed by architects from TOI (Techniczna Obsługa Inwestycji). It is not yet known how much the developer will charge per square meter.
The project in Aleksandrów Łódzki is Mermaid Properties' second development outside Warsaw. The company is also working on Cross Point, a residential and office complex in Łód, and is preparing other investments across the country.
