Nusco, one of the most active players in the real estate market, is beginning preparations for the third phase of Nusco City, on a 24,000 sqm plot within the 23-hectare total area of the entire development, one of the largest urban revitalization projects in Romania.
Phase III of Nusco City includes 836 apartments, 1,063 parking spaces, 16,000 square meters of commercial space, and a courtyard with extensive green areas, along with the continued development of the tiny forest concept, which began in the second phase of the complex.
The tiny forest in Nusco City, currently being developed in phases II and III, covers over 20,000 square meters and features more than 1,000 trees and specially adapted green areas. It is being implemented with the support and expertise of the University of Agronomic Sciences and the Faculty of Horticulture, Department of Landscape Architecture, Biodiversity, and Ornamental Horticulture. This tiny forest concept is part of the overall Nusco City masterplan and will continue to be developed in all future phases of what is the largest large-scale mixed-use urban regeneration project in Bucharest.
Phase III, mirroring Phase II of the Nusco City project, comprises seven buildings and has an estimated investment of over €130 million. The 836 apartments include double studios, two-, three-, and four-bedroom units, as well as exclusive duplexes, while all 1,063 parking spaces are underground.
“We are now starting the third phase of our Nusco City development, for which we have received the construction site setup permit, and which we are currently preparing carefully, just as we did with the previous phases. Each phase is treated as a new project, with attention to every detail. Of course, we always start with the overall vision, ensuring each phase is seamlessly integrated into the masterplan of Nusco City, the most ambitious project our company is developing,” stated Michele Nusco, CEO of Nusco.
Nusco City was launched in winter 2020 and delivered its first phase to the community in Q2 2023, featuring 622 new homes. The second phase of the urban regeneration project consists of seven buildings, totaling 828 apartments and 1,033 underground parking spaces (including double studios, two-, three-, four-bedroom units, and exclusive duplexes). It spans a total area of 23,662 square meters. The first three buildings in this phase, comprising 340 units and 447 parking spaces, are set to be delivered this year. The remaining four buildings, with 488 apartments and 586 parking spaces, are currently under development and scheduled for completion in the first half of 2026. The total investment for this second phase also exceeds €130 million.
“The Phase I Nusco City community has now experienced nearly two years of residence, where people have built an ecosystem based on high living standards. Phase II is completely sold and is following its planned delivery timeline, while for Phase III, which we’re now preparing, we’re already seeing a high volume of interest,” said Bogdan Iliescu – Commercial Director of Nusco.
Covering an area of 23 hectares, on the site of the former Pipera industrial platform, Nusco City will ultimately accommodate over 4,000 apartments, parks, tiny forests, green zones, and infrastructure, which will account for approximately 40% of the entire project’s footprint. The development will also include educational institutions, a hospital, a hotel, dedicated commercial areas, and office spaces.
