Last residential building along the Corvin Promenade completed

The last residential building along the Corvin Promenade (Corvin negyed) has been completed, but the Futureal Group and its member Cordia are also playing an active role in the further development of the Corvin quarter with several office and residential projects. The Group will soon launch another 10-hectares urban renewal development project in Budapest, on the banks of the Danube.

The Corvin Promenade is the centerpiece of the largest urban renewal program in Central Europe, launched more than a decade and a half ago. The Futureal Group’s project has reached its final stage as the last residential building on the Promenade, the second phase of Grand Corvin is now complete and residents are moving into their homes. The promenade is the widest and also one of the longest pedestrian streets in Budapest, which has won several international awards in recent years, will be complete with this two-phase building complex consisting of 558 apartments.

At the same time, the renewal of the Corvin district surrounding the Promenade still continues as Futureal Group also carrying out several residential and office projects in the surrounding streets, such as the condominium building next to the future Psota Irén Memorial Park in Tömő Street and the Futó Street development, which will be put on the market in the upcoming weeks.

The Group is also about to launch another large-scale urban district redevelopment project which is similar in scale to the Corvin Quarter, and will be located on a 10-hectares brownfield site on the banks of the Danube in Budapest, named Marina City.