Batumi Verified

Projektu apskati

Piazza Residence

Tower Group · Old Batumi · Under construction since Aug 2024

Faktu profils

Piazza Residence is an 18-storey premium residential complex under construction at 59-61 Vakhtang Gorgasali Street in Old Batumi, adjacent to Piazza Square, developed by Batumi-based Tower Group with architecture by Alpha Architecture. Construction began in August 2024; the developer states completion by end of 2027. The monolithic-frame tower features a natural-stone ventilated facade, 13-metre entrance colonnades, a private courtyard piazza with fountains, underground parking, and ground-floor restaurants, cafes and co-working space. Apartments range from 35.7 to 143.3 m2 across studio to three-bedroom layouts, handed over in pre-finished condition. Sales and rental management are handled by Central Management Group, Tower Group's exclusive sales partner. The location offers walking access to the beach (about 1 km), central park, schools, a university and a hospital.

Batumi Verified

Galvenie fakti

Cenas no
Studios from $92,820 (aggregator listings, mid-2026); developer's live price list shows studios from $100,435 (July 2026); korter.ge lists units from $89,250
Cena par m²
Approximately $2,450-2,660/m2 (korter.ge from $2,450; batumi.estate average $2,657); top-floor units listed up to ~$10,400/m2
Nodošana ekspluatācijā
Construction started August 2024; developer states completion by end of 2027 (some listing portals indicate 2028). Live construction webcam available at centralmg.ge/piazza-residence/live.
Maksājumu grafiks
Interest-free in-house installments up to 36 months; developer FAQ advertises no-down-payment option, while sales channels also quote 10-30% down payment variants over 32-40 months — terms are individually negotiated. Mortgage financing available via TBC Bank. Prices published in USD and GEL.
Ēka
Single 18-storey monolithic-frame tower, residential floors 3-18; listing portals report between 65 and 108 apartments (korter.ge: 65 units — 29 studios, 16 two-room, 18 three-room, 2 four-room; batumi.estate: 108). Unit sizes 35.7-143.3 m2. Studios, 1-, 2- and 3-bedroom layouts; pre-finished handover.
Īres apsaimniekošana
In-house rental management offered through Central Management Group (24/7 reception, remote-owner support, 'passive income' programme). Revenue split and management fees are not published and are provided on request. CMG advertises 10-12% projected annual ROI (developer's projection, not independently verified).
Atrašanās vieta
Old Batumi (Downtown), 59-61 Vakhtang Gorgasali Street at the intersection with 26 May Street, beside Piazza Square in the historic centre. Beach and seaside boulevard approximately 1 km (5-10 minute walk); central park, schools, kindergartens, a university and a hospital within walking distance; St. Nicholas Church and the seaport nearby. Built around a heritage-era building integrated into the complex per the developer.
Ērtības un labiekārtojums
Private courtyard piazza with fountains13-metre entrance colonnades, natural-stone ventilated facadeUnderground parking24/7 reception, concierge, security and video surveillanceGround-floor restaurants and cafesCo-working spaceCommercial premises (pharmacy, supermarket, boutiques planned)Children's play areaHigh-speed high-capacity elevatorsPanoramic windows and balconies

Pircēju biežāk uzdotie jautājumi

Who is the developer and what have they completed?

Tower Group, a Batumi developer and subsidiary of the construction company Gza (15 years in construction). Completed projects include the Batumi Central complex at the railway station (~2021) and the Chateau Kvirike hotel estate and Kvirike Hills cottages in Kobuleti; current projects include the 40-storey Panorama on Tamar Mepe Avenue (due Q4 2026).

When will Piazza Residence be completed?

Construction began in August 2024. The developer's official FAQ states completion by the end of 2027; some listing portals indicate 2028. Construction progress can be followed via a live webcam on the management company's website.

What do apartments cost?

As of mid-2026, studios are listed from roughly $92,820-$100,435, one-bedrooms from about $137,760-$142,080, two-bedrooms from about $165,550, and three-bedrooms from about $365,415. Per-square-metre pricing starts around $2,450-$2,660.

What payment plans are available?

Interest-free in-house installments of up to 36 months are advertised, with down-payment requirements quoted between 0% and 30% depending on the sales channel and negotiated terms. Mortgages are available through TBC Bank. Prices are published in USD and GEL.

In what condition are apartments handed over?

Pre-finished condition: walls, floors and ceilings prepared and utilities completed; owners carry out their own final renovation after facade and interior works finish.

Is rental management available?

Yes — Central Management Group, the project's exclusive sales and management partner, offers rental management with 24/7 reception and remote-owner support. Specific revenue-split and fee terms are not published and should be requested in writing.

Does buying here qualify me for Georgian residency?

Georgia's residence-by-property threshold is $150,000 of appraised real estate (combined across properties) since March 1, 2026. One- to three-bedroom units at Piazza Residence can clear it on their own; a studio can qualify when combined with another property. A $300,000 investment opens a 5-year investor route.

Apkopots no publiskiem avotiem un attīstītāja materiāliem. Fakti tiek periodiski pārbaudīti atkārtoti; galīgos nosacījumus vienmēr precizējiet pirkuma līgumā.

WhatsAppTelegram