Construction of a condo hotel in the center of Budva canceled

The area of the site is 3 thousand square meters. According to the project, it was planned to build a 6-storey 5-star condo hotel here, between the TQ Plaza multifunctional complex and the Budva hotel.

Velja voda lux company from Tivat expected to build 39 rooms, restaurant, pool, underground parking and other infrastructure. The investor at one time turned to the chief architect of Budva with a request to approve the ideological solution (concept) of the project.

However, the plans were not destined to come true. The territory near TQ Plaza is one of the last oases in the center of Budva. The city authorities have agreed with the company to preserve the green zone. In exchange, they donated commercial and residential space to her at TQ Plaza. The cost of the compensation is EUR 6.

The plot was estimated at 6 euros. Thus, the investor will transfer 188 700 euros to the budget of the resort capital. The parties have fixed their agreements in an official protocol.

Earlier, the city hall of Budva reported that they would like to build a park on this territory.