EUR 600 million Dambovita Centers launches, stumbles upon construction approval issues
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Developer Plaza Centers, part of Europe Israel Group, officially launched last week the Dambovita Center project, presenting a Chapman Taylor design, 145m towers and a London-style wheel, all with an investment which has increased from EUR 150 million to EUR 600 million.
The official launch came despite the fact the Urbanism Commission at Bucharest City Hall has yet to OK the project. This casts doubts over the construction authorization, said Bucharest chief architect Adrian Bold. The project is being built on the premises of the Radio House building in Bucharest, under a public-private partnership contract. Members of the Urbanism Commission believe such a project, with its large investment, dimensions and location, needs an architecture contest to find a design solution, said Bold. Plaza Centers, the majority shareholder in the project, has already presented a Chapman Taylor design for the EUR 600 million project.
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