Cloud9, part of the real estate division of Alfa Group, launched the second phase of the Cloud9 Evolution project. The investment in the new development phase amounts to 80 million euros, out of a total budget of 170 million euros 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 in the north of Bucharest —studios and two-, three-, four-room units and penthouses, as well as the 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.

Răzvan Brasla, CEO of Cloud9, adds: “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.”

Alfa Group is an entrepreneurial group comprising leading companies in their respective industries, such as OSCAR Downstream (Oil & Gas), Akcent Development (Real Estate), and Onix Asigurări (Corporate Guarantee Insurance).