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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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.
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