The American company Clean Earth Capital bought the land of the former Bubanjski Heroji barracks in 2011 for EUR 1.5 million
, and the foundation stone for the luxury office-residential complex Novi Nis was laid down in the spring of 2016. Two years since, the works in this neighborhood have gathered steam, the buildings are being raised, and the first residents are expected to move in by the spring of 2019.
– We are completing Buildings 11 and 12 for Nis Municipality, who will be turning them over to the Serbian Ministry of Defense. The total size of these apartment buildings combined is 7,600 square meters, and they will be completed by December 31. A more up-scale apartment building designed in Washington DC, 76 units in all, will be completed in the Spring of 2019. We completed our MRS gas station, which will supply gas to most of our buildings; and two kilometers of cabling to connect Novi Nis with the main electrical power station that will be sufficient for over sqm 220,000 of buildings at our project. Three more Bauhaus designed apartment buildings that will be in excess of 5,200 sqm each, will start construction in January 2019 and we will be finished no later than September 1 in the same year – said Philip Bay, CEO of Clean Earth Capital.
As he pointed out, the American company has invested EUR 8.5 million to date, well over EUR 10 million will be invested in 2019 and the total will exceed EUR 140 million. The complex will be unique in this region, as it will feature retail outlets, residential buildings, a business section, an entertainment section, a hotel, an educational segment and a medical facility. Once it is completed, it will be the only mixed-purpose facility in southeast Europe.