Marma to build residential complex in Varna
11 March 2008
Local company Marma has launched the construction of EUR 40 million gated residential complex in Varna, on the Black Sea. The New Varna community, located in the Galata district of the coastal city, will have a footprint of 73,975sqm. The project funding is provided by the Bulgarian American Credit Bank.
The first phase of the project is the Varna Mirror development comprising 17 luxury family houses with an area of 6,200sqm each.
Varna Mirror 2, also part of the first phase, should get the necessary building permission by the end of March, said Marma owner Metodi Metodiev. Varna Mirror 2 will feature four apartment buildings with a total of 135 units and a build area of 38,785sqm. The Varna Mirror phase should be completed by 2010.
The second phase, Anenko City, should be delivered in 2011. It will consist of eight apartment buildings with a total of 275 units.
No pricing information is currently available. The New Varna community will have a shopping centre, restaurant, coffee bar, spa and gym.