Sat, Jul 04 2009
A new holiday village, conveniently located close to the golf course that is being built near the Black Sea town of Balchik, will rise on about 27 000 sq m land plot, weekly Stroitelstvo Gradut reported. Investor of the project is Britannia-Balchik Inc., a partnership with British shareholders, while the design is done by architects Svetoslav Stanislavov and Delyan Zhechev from the Varna-based Disarch studio.
Kibela Royal will be situated in the Tabiyata area and will feature one- and two-family buildings winding in a spiral-like shape, surrounding a middle ground with entertainment and recreation zones, and several outdoor swimming pools.
The buildings bend in a shape of a crescent and a single driveway entrance from the south side will lead into the complex. Every building has an adjoining parking lot, and according to the plan, there are 195 parking spaces.
There are 58 one-family houses with a total built-up area of 8328 sq m. The building's entrance faces the outer street and each one has a small backyard. On the roof there will be a large balcony, which has the potential to be transformed into a living area.
Ten of the one-family houses are connected, according to the plan, and form a different type of three-level buildings with a total built-up area of 1809 sq m. Two small blocks feature buildings with 200 one- two- and three-bedroom flats. Their total built-up comes to 16 000 sq m.
According to the plan, there will be a communal building facing the pools, which will include spa centre, a fitness hall, outdoor bar area, café on the balcony and administrative offices.
Designers have paid special attention to the village's landscaping and every building is envisioned with flower stands of its façade.
The project will be financed by the Bulgarian Bank for Development, and the Joint European Support for Sustainable Investment in City Areas, or Jessica Programme, although the report has so far failed to reveal the total cost of the vast enterprise.
The strategic plan envisages the conservation of the nature "for decades ahead", and it was formulated by a municipal team headed by professor Ivan Nikiforov, backed by Prime Minister Sergei Stanishev.
Once the overhaul and reconstruction of the Sofia–Vidin line is complete, it will cut travel time to three hours, as the train will be able to reach speeds of up to 160 km/h, shortening the journey to three hours.
Marriott however has made it clear that is not interested in investing in construction, but rather to occupy and manage existing buildings. Its strategy is to obtain management contracts.
Investors realise that it’s not viable to have a building remaining empty over the course of a year – so it's better for them to employ more flexibility to offset that loss.