“Vake Residence” premium-class multifunctional complex stands out for its distinctive architectural design and an unusually diverse array of recreational spaces, highlighted by different kind of open space terraces. The complex offers a harmonious blend of commercial and office spaces. It is strategically situated within close proximity, merely 100 meters from Chavchavadze Avenue, which places it in the immediate vicinity of key business, public, and commercial hubs, making it an exceptional urban residence.
In the initial project planning phase, our primary objective was to establish an environment that would facilitate residents in unwinding and enjoying leisure activities within the confines of the complex, even within a densely populated urban setting. Consequently, we placed significant emphasis on the development of recreational and relaxation spaces.
Of particular note are the inter-floor terraces situated on the 10th and 11th floors of the building. These terraces offer breathtaking panoramic views on one side overlooking the central district of Vake and on the other side affording views of Mziuri Park. This expansive area spans approximately 4,000 square meters and has been meticulously designed to encompass areas for relaxation, entertainment, physical fitness, a running track, and a comprehensive array of infrastructural amenities. These amenities are carefully curated to provide residents with an environment that fosters a connection to the natural world, even in the midst of a densely populated urban enclave.
In the initial project planning phase, our primary objective was to establish an environment that would facilitate residents in unwinding and enjoying leisure activities within the confines of the complex, even within a densely populated urban setting. Consequently, we placed significant emphasis on the development of recreational and relaxation spaces.
Of particular note are the inter-floor terraces situated on the 10th and 11th floors of the building. These terraces offer breathtaking panoramic views on one side overlooking the central district of Vake and on the other side affording views of Mziuri Park. This expansive area spans approximately 4,000 square meters and has been meticulously designed to encompass areas for relaxation, entertainment, physical fitness, a running track, and a comprehensive array of infrastructural amenities. These amenities are carefully curated to provide residents with an environment that fosters a connection to the natural world, even in the midst of a densely populated urban enclave.
In conjunction with communal terraces, the project incorporates exclusive private patio-terraces for penthouse residences. This feature affords occupants the sensation of residing within their individual abode, even when situated atop a multi-story structure. Concurrently, it provides them with the opportunity to relish numerous benefits inherent to a multifaceted complex.
In addition to non-traditional recreational areas, the development will encompass a 3,000 square-meter enclosed green space. Furthermore, a three-level parking facility accommodating 600 cars is planned, featuring state-of-the-art electric vehicle chargers from a reputable Italian brand.
We are pleased to announce that a recent agreement has been finalized with “Ikma Georgia,” facilitating the installation of 26 KONE brand elevators within the complex. KONE, renowned for its Finnish heritage, stands out for its unwavering commitment to top-tier quality, rigorous safety protocols, and the incorporation of bespoke, sophisticated design elements.
In addition to prioritizing the residents’ comfort, “Gumbati Holding” places a paramount emphasis on ensuring their safety. In pursuit of this objective, the company employs the use of the highest-grade construction materials available. It is imperative to underscore that prior to the commencement of the structural development, adherence to the seismic resistance standards, as prescribed by the prevailing legislation in Georgia, was meticulously observed. Furthermore, the company commissioned an independent expert report to corroborate the structural integrity of the project.
In light of the aforementioned measures, it is unequivocally asserted that the project impeccably aligns with the prevailing societal requisites. Consequently, the primary demographic of “Vake Residence” comprises individuals for whom paramount consideration is accorded to quality, comfort, and expeditious access to essential amenities. These discerning residents seek a central location that conveniently encapsulates a multifarious range of vital services within a unified spatial configuration.
It is important to highlight that a substantial portion of our clientele regards the acquisition of an apartment within “Vake Residence” as a lucrative investment opportunity. This perspective is rooted in the ongoing upward trajectory of the real estate market, with a particular emphasis on multifunctional complexes. Prospective buyers are acutely aware that the purchase of an apartment within this development promises not only immediate benefits but also the potential for substantial appreciation in value, even within the span of a year, and more notably upon the completion of the complex.
The project will be under the management of a professional property management company, presenting an additional advantage for prospective tenants of the apartment complex.
The development spans across a total land area of one hectare, with an intended construction encompassing 100,000 square meters. The estimated investment cost for this ambitious undertaking exceeds 30 million dollars.
Currently, active construction progress is notable, with the first, third, and fourth blocks having exceeded the 15th floor. Despite the expansive scope of the project, the construction phase is projected to conclude by December 2025.
“Gumbati Holding,” an established entity in the Georgian market for the past nine years, has successfully executed four projects during this period. Presently, the company is concurrently managing three additional construction projects. “Vake Residence” stands as the largest undertaking within their portfolio, with particular significance for “Gumbati Holding.” This project was initially halted by another entity in 2008, and “Gumbati Holding” assumed responsibility for its completion. Notably, the company provided the 200 affected tenants with their respective accommodations, free of charge, which they had long awaited over the years.
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