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Project guides

Strada

Gumbati Group · Gonio · Under development as of April 2026, ~80% of units sold

Factual profile

Strada is a 31-storey mixed-use tower by Gumbati Group, a Batumi developer operating since 1998 with roughly 500,000 m2 completed. It is located at Sherif Khimshiashvili Street in Batumi's New Boulevard district, about 100 m from the coastline, combining residential and hotel-serviced apartments over two blocks of monolithic-frame construction. Units are handed over in 'premium frame' condition with energy-efficient double glazing. Studios start at 28.8 m2 from about $59,600, with interest-free installment plans running to May 2030 and title registrable at the National Public Registry after 30% of the price is paid. Block A began construction in Q4 2025; listed completion dates range from Q2 2029 to May 2030.

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Key facts

Prices from
$59,616 (studio 28.8 m2); initial payment from $14,904
Price per m²
from ~$1,970-2,100/m2 (studios listed at ~$2,070/m2, 2-room ~$2,020/m2, korter.ge June 2026)
Completion
Block A under construction since Q4 2025; completion listed as Q2 2029 (korter.ge) and 'by May 2030' (developer site) — confirm contractual date in the purchase agreement. Block B not yet launched.
Payment plan
20-25% down, 0% interest installments over 48-50 months (through May 2030); bank transfer or cryptocurrency accepted; TBC Bank mortgage available from 7.8%
Building
2 blocks, 31 floors, monolithic-frame; Block A unit mix listed: studios 28.8-41.8 m2, 2-room 59.1-61 m2, 3-room 93.6 m2; elevators by Kone, Mitsubishi, Otis; 'premium frame' handover (double glazing, screed floors, utilities installed)
Rental management
Developer operates its own apart-hotel program ('Gumbati Apartotel', running since 2019, two facilities); Strada materials cite a 60/40 revenue split and online owner reporting — exact split direction, fees, and occupancy data are provided in the management contract and should be requested from the developer.
Location
Sherif Khimshiashvili St 39/43, New Boulevard district, Batumi. ~100 m to the sea; aquapark ~170 m; shopping mall ~350 m; casino ~650 m; Batumi International Airport ~2 km; adjacent to the New Boulevard coastal promenade. Note: below Georgia's $150,000 residency-permit threshold for a single studio unit.
Amenities
Reception and concierge service24/7 video surveillanceParkingLandscaped courtyardCommercial premises on lower floorsHotel-serviced apartment program (developer-operated)

Questions buyers ask

Where exactly is Strada?

At Sherif Khimshiashvili Street (No. 39 per the developer, No. 43 per korter.ge) in Batumi's New Boulevard district, roughly 100 m from the sea and about 2 km from Batumi International Airport — in the city, not in Gonio.

When will it be completed?

Block A started construction in Q4 2025. Listings show Q2 2029 (korter.ge) while the developer's site indicates delivery by May 2030 with installments running to that date. The binding date is the one in your purchase contract.

Can I resell before completion?

Yes. After paying 30% of the price (~$18,000 on an entry studio), the unit is registered in your name at the National Public Registry (NAPR), after which it is transferable, inheritable, and resellable during construction.

What is the payment plan?

Typically 20-25% down and the balance in interest-free monthly installments over 48-50 months through May 2030 (roughly $900-960/month on a $60,000 studio). Bank transfer and cryptocurrency are accepted; TBC Bank mortgages from 7.8% are an alternative.

What condition are apartments delivered in?

'Premium frame': metal-plastic windows with energy-efficient double glazing, floor screed, and utilities installed — finishing (flooring, bathrooms, kitchen) is completed by the owner or purchased separately.

Who is the developer and what have they built?

Gumbati Group, operating in Batumi since 1998, ISO 9001:2015 certified, with about 500,000 m2 completed including Subtropic City (2016), Gumbati in Kheivani (2021), Boulevard Point (2024), and Gumbati Residence in Gonio (2025).

Does buying a studio qualify me for Georgian residency?

Not on its own — since 1 March 2026 the residence-by-property threshold is $150,000 in appraised real estate, above a single Strada studio's price.

Compiled from public sources and developer materials. Facts re-checked periodically; always confirm final terms in the purchase contract.

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