Construction works for the first residential building of PALTIM, SPEEDWELL’s mixed-use project in Timisoara, are ready to start with STRABAG as the General Contractor. The apartments in the first residential building of the project are estimated to be delivered to their owners in Q1 2024.
As a mixed-use ensemble, it will combine residential, office and retail components. On the residential side, the total number of apartments will be 236, built in two phases with the ones in the first phase estimated to be delivered to the homeowners in Q1 2024.
Located within walking distance from the city centre and Central Park, PALTIM has a unique location. Thanks to its placement, besides easy and fast access wherever it’s needed, the lucky residents will be able to enjoy Bega River’s promenade and views at all times.
The development will also be a regeneration project as SPEEDWELL will refurbish two historical buildings that were part of the former hat factory on the site. The reconstruction works for the PALTIM monument villa have already started, and the second historical building will also have a prominent place in the community. Moreover, the courtyard will feature a landscaping design meant to bring people together.
Since community and history are two of the main values the PALTIM concept is based on, SPEEDWELL aims to create new spaces and reconfigure old ones to transform them into places where new communities can form and grow.
The mixed-use project is also part of SPEEDWELL’s strategy toward more sustainable developments, and it is going to be built according to the nZEB standards using superior quality materials.
“We are eager to start the collaboration with STRABAG and see the PALTIM concept we have envisioned transform into reality. Having the right partners in the journey towards our goals have always made a difference. We trust this will happen in this case too. We have heard nothing but good things about our newest collaborators and their work showcases it. So, we are excited to have them on board for this project and looking forward to a great partnership and building PALTIM at superior standards,” said Jan Demeyere, Architect and Co-Founder at SPEEDWELL.
“STRABAG’s partnership with its Clients is always based on mutual respect and cooperation in order to deliver the projects on time and in quality as required by the Beneficiary. We are proud to be able to expand STRABAG’s portfolio with the new PALTIM project and to be part of the team that will provide Timisoara’s residents with a new concept of high-quality housing,” said STRABAG.