Tivat-based company Design & CO which is building a residential complex of five buildings in the Kotor neighborhood Kavac with Turkish funds has gained approval for the preliminary design for two additional residential buildings.
Other buildings are under construction, while all five buildings will together have 119 residential units. Chief State Architect Dusan Vuksanovic gave the approval and the buildings were designed by Kotor-based company Kotor arh, Pobjeda daily reports.
CEO and founder of Tivat-based Design & CO Sonad Kiliclar owns 51% of the company shares. Berat and Nejat Uygur are company's co-founders. The CEO of Kotor Arh is Anka Milacic while Sasa Milacis is its founder.
Technical description of the project states that the residential buildings apartments are intended for tourists. The complex will be built on urban plot No. 207, 207, 208, 209, 210, 198 and 199 within the Detailed Urban Plan of Kavac.
Preliminary design foresees four stages of project realization. The first two stages are currently being realized. Stage 1 entails construction of two residential buildings, Block A and Block B and construction of the pool with a machine room, Stage 2 entails construction of one residential building – Block C. Stage 3 entails construction of a garage with an open parking lot whereas Stage 4 entails the construction of two residential buildings Block D and Block E.