Developer One United Properties announced that one year after the sales launch for One Lake District, a large-scale sustainable development located right on the shore of Lake Plumbuita, 80 percent of Phase 1 has been pre-sold. This phase includes over 620 apartments and the corresponding parking spaces. One Lake District Phase 1 has a gross development value of over €138 million, with completion estimated for the second quarter of 2025.
Additionally, the developer announced the opening of the sales for Phase 2 of the development, with over 860 housing units and the corresponding parking spaces available. The estimated completion date for Phase 2 is the third quarter of 2026. The gross development value of One Lake District Phase 2 is over €150 million.
”Aligning with our long-term strategic urban regeneration development plan, One Lake District is an evolving project that redefines the industrial area of the former brick factory into a large urban waterfront with access to Lake Plumbuita. The success of this development is due to our sustainable living proposal targeting the middle and upper-middle segments, as well as the integrated concept. In addition to designing residential, leisure, and educational facilities, addressing public space in the communities living in this area is also urgent and necessary to provide a dignified infrastructure that ensures the quality of life for the population. Therefore, we believe that One Lake District demonstrates the potential to transform an industrial area into a place of urban and human interconnection”, says Beatrice Dumitrașcu, CEO of Residential Division One United Properties.
One United Properties has an integrated approach to the development of One Lake District, involving a collaborative co-creation process with citizens, the business community, and nearby institutions and authorities to further enhance the existing cultural, social, and natural framework. One Lake District is a sustainable, aesthetic, and inclusive urban space, aligned with the principles of the New European Bauhaus, aiming to integrate sustainability, aesthetics, and inclusion in urban development with accessible spaces for all, and the objectives of the 100 Climate Neutral and Smart Cities program, which aims to transform 100 European cities into smart and climate-neutral urban centres by 2030 through improved energy performance and mobility.
In this regard, One Lake District will benefit from the geo-exchange system, operated in partnership with Veolia Romania, designed to provide renewable energy to all residents. This system is among the most energy-efficient, environmentally clean, and cost-effective space utilization systems available. By implementing this technological solution that uses the Earth’s thermal energy as the source for the building’s heating, ventilation, and cooling system, approximately 2,000 tons of CO2 emissions per year will be avoided, the equivalent of emissions from 2,000 cars per year, compared to traditional systems. The investment in the geo-exchange system amounts to €6.4 million for the first two phases of One Lake District development.
