RRG Real Estate Group (RRG) announces that demand for Lakeside11 remains strong, with presales rapidly approaching 50% of the first phase and sales value nearing 40 million RON. Since the start of construction, the developer have already adjusted prices several times, with certain apartments seeing increases of up to 15%.
“Romania’s real estate market is becoming increasingly competitive and customer-oriented, which challenges developers to explore new forms and innovative concepts, including the implementation of modern community-centered developments. We are proud that our project has been recognized at the world-renowned Red Dot Awards,” added Pavel Kodzik.
RRG Real Estate Group (RRG) announces that demand for Lakeside11 remains strong, with presales rapidly approaching 50% of the first phase and sales value nearing 40 million RON.
“In recent years, the Straulesti area has been developing at a rapid pace, with new projects constantly emerging. This growth is driven by the increasing interest in the area. Since the start of construction, we have already adjusted prices several times, with certain apartments seeing increases of up to 15%. ”, said Pavel Kodzik, President of RRG Real Estate Group.
Lakeside11’s “Float Spot” Concept wins Red Dot Award for redefining urban living
The Lakeside11 residential development by RRG Real Estate Group has been awarded the Red Dot Award: Design Concept 2025 in the Urban Design category for its “Float Spot” concept – a system of elevated communal platforms designed to provide safe and multifunctional public spaces within a residential environment.
About the “Float Spot” Concept
The “Float Spot” is a series of elevated platforms at the First Floor, linking residential buildings and accommodating various public functions. The design is inspired by architect Le Corbusier’s principle of raising living and communal spaces above ground level while dedicating the ground floor to infrastructure, commercial areas and parking. In Lakeside11, this approach has been reinterpreted through people-centered principles and adapted to contemporary needs — integrating social spaces that encourage community interaction within a modern urban environment.
By separating these areas from ground-level vehicle traffic, the design improves both safety and comfort for residents.
Development and Collaboration
According to Sergey Artemenko, Project Manager of Lakeside11:
“Float Spot Concept is the result of a collaborative effort by multinational specialists in architecture, mobility, and community planning. We combined international practices in sustainable design with the specific requirements of the Romanian context.”
Project Status
The first phase of Lakeside11, including three residential buildings with 105 apartments, is currently under construction with an expected completion by the end of 2026. Structural works are in the final stages, with the reinforced concrete frame and exterior walls nearing completion. The works are carried out by Consstar Construct SRL.
The total investment in the Lakeside11 project, located on the shores of Straulesti Lake in the capital, amounts to €60 million.
About Lakeside11
Lakeside11 is a low-density, business-class residential compound in northern Bucharest, situated on the shore of Lake Străulești. The development integrates residential architecture with landscaped public areas, aiming to combine natural surroundings with urban infrastructure.
First Phase of the Project consists of 21 double 1R apartments, 51 two-room apartments, 15 three-room apartments, 12 three-room apartments with large lake-view terraces and a master bedroom, three four-room apartments and three exclusive penthouse apartments. All apartments feature spacious layouts, up to 20% larger than the market offerings.