Construction of residential building suspended for 12 years to resume in Tbilisi
Tbilisi Mayor said that due to 'a number of problems', Olympic Star was unable to complete the construction of the residential building '10-12 years ago'. Photo: Tbilisi City Hall.
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Georgian real estate developer m2 will complete the construction of a residential building in Saburtalo district of capital city of Tbilisi after about 12 years of suspended construction by construction company Olympic Star, announces Tbilisi Mayor Kakha Kaladze.
Kaladze said that due to 'a number of problems', Olympic Star was unable to complete the construction of the residential building '10-12 years ago'.
Today I can tell you that construction of this building will be completed and about 400 families will have apartments", said Kaladze.
Kaladze said that 'we have implemented a similar project' for the families affected by the company Sveti. Tbilisi City Hall agreed to a deal with M2 to finish 30 suspended residential buildings last year.
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Kaladze said that there are more than 170 unfinished buildings in Tbilisi, which is 'a serious problem both visually for the city and also has a lot of affected families'.
He said that the next task for Tbilisi City Hall is to help about 6,500 families who have not received apartments in the building that Center Point development company was supposed to build.