Silk Road Group planned to build a multifunctional complex "Batumi Riviera" on 6 hectares of land in Batumi but due to the pandemic, the project has been suspended for months.
"Due to the pandemic, the Batumi Riviera construction has been delayed for months. The construction work doesn’t start until the situation is eased.
The construction is expected to continue in early 2022. "The project has remained unchanged at this stage," Director of LTD “Batumi-Rviera” Giorgi Kapanadze, says.
The project also comprises the marina and additional 2 hectares of the public park.
The park will be a part of the landscape concept and Chapman Taylor will work on its planning. The final version of the concept will be agreed upon with the Government of Ajara and Silk Road Group will undertake its further maintenance.
Another partner of Silk Road Group is a company named Batumi Yacht Club, which participates in investments for development of Batumi Marina and its management during the consecutive 20-years period. Initial investment into development of Batumi Marina is 3 Million US Dollars divided between the parties on a 50/50 basis.
Consisting of six residential and hotel towers, the largest of which will be 42 storeys and 130m high, the seafront project includes a yacht club and new marina, a shopping centre, a casino, outdoor pools and restaurants, a multifunctional hall, a congress centre and a landscaped recreational zone.
The project sits in a six-hectare plot of land which will accommodate the buildings and two hectares of landscaped public land. The development will serve as an attractive seaside link between the historical town centre and the port and railway station. The site benefits from its proximity to the popular tourist destinations at the seafront boulevard and the old town.
The project will be divided into several stage and was planned to be completed in 5 years, however, as the company says, due to the delay in construction, the completion date may be altered.