Cloud9, part of the real estate division of Alfa Group, is launching the second phase of the Cloud9 Evolution project. The investment in the new development phase amounts to EUR 80 million, out of a total budget of EUR 170 million allocated to the entire project. Construction work continues to progress both for the first phase of the project, with an estimated delivery date in the next 12 months, and for the second phase, scheduled for completion in 2027.

Developed on an area of 3.2 hectares, Cloud9 Evolution will deliver a total of 1,148 apartments—studios and two-, three-, four-room units and penthouses, as well as the innovative 2.5-room layout—complemented by over 1,200 parking spaces. The second phase of the project will include 536 residential units and over 540 parking spaces.

“Cloud9 Evolution meets the principles of the 15-minute city, offering quick access to all points of interest and facilities required for a premium lifestyle. The first phase of the Cloud9 Evolution project is 50% sold, which has motivated us even more to begin development of the second phase. The vision for Cloud9 Evolution is to develop a coherent and dynamic master plan, in which residential buildings and lifestyle functions are harmoniously integrated into a unified, modern, and efficient urban ecosystem. Thus, starting in 2026, a modern educational facility will be inaugurated within the development, with the second phase bringing a series of complementary facilities, such as commercial spaces that will accommodate a cafeteria, artisan bakery, laundry, along with a fitness room, basketball court, and areas dedicated to wellness and socializing activities,” said Răzvan Brasla, CEO of Cloud9.

Entrepreneur Vasile Armenean, founder of Betty Ice, in partnership with Remus Aurel Bența, owner of the manufacturer of finishing materials for constructions Daw Bența, are preparing the last details of their first project developed on the premium residential market of Bucharest.

The two investors want to build on a land area of ​​about 14,000 square meters, located on the Străulești entrance, no. 37A, a number of 426 apartments arranged in four building blocks of 9 floors each, each with 3 basements in which 613 parking spaces will be arranged.

The estimated value of the basic investment is about EUR 30 million. “We estimate the start of works in the spring of 2026. We are now working on the authorization,” said Vasile Armenean.

Source: Profit.ro

Building E of Vivenda Residencias, on which sales have recently started, marks the final stage of the project launched in 2007. Upon the completion of Building E, Vivenda Residencias will total 1,400 apartments.

“In a market context marked by challenges, from limited access to bank financing to rising construction costs and labor shortages, we observe a qualitative evolution of residential projects”, said Romeo Ghica, Operations Manager of Hercesa Romania. “Potential buyers are more cautious, yet the interest in well-built, energy-efficient and strategically located homes remains constant. By developing multiple projects simultaneously, we adapt to current market conditions, maintain our focus on quality and anticipate the direction in which demand is heading”, added Romeo Ghica.