Istanbul's Küçükçekmece to host Bosphorus City project
Monday, April 28, 2008
The Bosphorus City project being carried out by Sinpaş Real Estate Investment Partnership (GYO) in Istanbul's Küçükçekmece district in the Halkalı area has received a building permit for 670 independent units in the first phase.
Revenue to the tune of YTL 150 million ($115 million) is aimed at from sales of the first phase.
Inspired by the Bosporus, the Bosphorus City will be launched in the first week of May. The project, which will be constructed on a plot spanning 412,177 square meters owned by Sinpaş GYO, will include a total of 2,086 apartments in the other phases. The building permits for the other phases will be obtained in the fall.
Sinpaş GYO is planning to construct another project with a different design on a plot of 166,085 square meters near the Bosphorus City project. The Aqua City 2010 project is also ongoing in Istanbul's Sarıgazi area.
The Bosphorus City project will include the characteristic features of Bebek Parkı, İstinye Koyu, Yeniköy, Paşabahçe, Emirgan Çınaraltı, Kanlıca, Anadolu and Rumeli Hisarı, Kandilli and Çengelköy squares. The project will have sports grounds, walking paths, social facilities and flora, specific to the districts. Green area of 79,473 square meters, open sports ground of 11,550 square meters, social facility area of 10,019 square meters and a day nursery of 647 square meters will also be constructed in the project.
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