The real estate project will feature office and retail buildings and it will be built in three phases. The developer has announced that three of the historical buildings on the site will be preserved and rehabilitated to host restaurants, cafes, terraces and a brewery. The project’s architect is Vladimir Arsene, from Westfourth Arhitecture.

The 2.7 ha plot of land on which the former Grivita brewery is built was bought at the end of 2013 by Kiseleff Development from Heineken Romania. Kiseleff Development is controlled by several Romanian investors one of which is Ionut Dumitrescu, the founder of Eurisko which in 2008 was sold to CBRE Romania. The land is located near the Basarab overpass.

Dumitrescu has been involved in other real estate projects such as HQ Victoriei, a 9,000 sqm office building which was completed in 2009 and was later sold to Zeus Capital, an investment fund. (source: business-review.eu)