In the coming year, Vake – one of the most attractive district for businesses, will welcome the addition of ‘Vake Residence,’ a premium-class multifunctional complex. Strategically situated a mere 100 meters from Chavchavadze Avenue, in close proximity to key business and social hubs, this project comprises 5 blocks.
Vake Residence stands out as one of the most appealing complexes for individuals seeking residential or investment opportunities, as well as for entrepreneurs in search of commercial or office space in the heart of Tbilisi.
The project is characterized by a distinctive architectural design and an unusually diverse array of recreational spaces, highlighted by different kinds of open-space terraces.
In the initial project planning phase, the primary objective was to establish an environment that would facilitate residents to unwind and enjoy leisure activities within the confines of the complex, even within a densely populated urban setting. Consequently, significant emphasis was placed 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 afford views of Mziuri Park. This expansive area spans approximately 4,000 square meters, and has been meticulously designed to encompass areas for relaxation, entertainment, and physical fitness, with a running track and a comprehensive array of infrastructural amenities. These amenities are carefully curated to provide residents and business representatives an environment that fosters a connection to the natural world, even in the midst of a densely populated urban enclave.
In conjunction with the 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, and a three-level parking facility accommodating 600 cars and featuring state-of-the-art electric vehicle chargers from a reputable Italian brand.
In addition to prioritizing resident 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 seismic resistance standards, as prescribed by the prevailing legislation in Georgia, was meticulously observed.
The company is dedicated to environmentally sustainable construction practices, achieved through the meticulous selection of costly yet environmentally friendly materials. Prior to utilization, all construction and finishing materials undergo rigorous inspection to ensure adherence to environmental standards, mitigating any potential harm to both the environment and residents posed by synthetic materials. Furthermore, the meticulous separation and appropriate disposal of hazardous waste underscore the company’s commitment to responsible environmental stewardship.
Throughout the construction process, paramount importance is placed on employing ‘green’ construction methodologies and state-of-the-art technologies. Each project is meticulously designed to incorporate energy-efficient elements and environmentally sustainable materials, yielding additional advantages for residents by minimizing reliance on natural resources.
It is important to highlight the growing demand for Vake Residence, and its being recognized as a lucrative investment opportunity. 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 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 the intended construction encompassing 100,000 square meters. The estimated investment cost for this ambitious undertaking exceeds 30 million USD.
Gumbati Holding, a well-established entity in the Georgian market, has successfully executed four projects in its 10 years. Presently, the company is concurrently managing three additional construction projects. Vake Residence stands as the largest undertaking within their portfolio, holding particular significance for Gumbati Holding.
