CONSTRUCTION WORKS COMMENCE IN OPENVILLE FOR A TRAFFIC-REGULATING UNDERPASS AND A NEW UNDERGROUND PARKING LOT
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CONSTRUCTION WORKS COMMENCE IN OPENVILLE FOR A TRAFFIC-REGULATING UNDERPASS AND A NEW UNDERGROUND PARKING LOT

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CONSTRUCTION WORKS COMMENCE IN OPENVILLE FOR A TRAFFIC-REGULATING UNDERPASS AND A NEW UNDERGROUND PARKING LOT

16 / MAY

Openville, the largest mixed-use project in the west of Romania, will usher in a major urban development for the road infrastructure in downtown Timişoara. The IULIUS Company will invest in the development of a vehicular traffic underpass that will streamline traffic and enhance road accessibility in the area. The developer will bear the costs and then donate the investment to the municipality.

 

After completing the first multilevel parking facility in the city this April, IULIUS will build a new underground parking lot with a capacity upwards of 580 parking spaces in the Openville project. The construction works for both projects are due to commence over the upcoming period with the site organization process.

 

TRAFFIC UNDERPASS WITH TWO LANES IN EACH DIRECTION

 

The underpass will be fitted under the street that currently connects Antenei Boulevard and Consiliul Europei Square. The tunnel will cross the Openville project from east to west, and will ultimately connect the existing roundabout on Antenei Boulevard with the entrance into the Consiliul Europei Square roundabout.

 

The underpass will be 203 meters long and 26.5 meters wide and will include two lanes in each driving direction. Urban vegetation spaces, shrubs and turf will be fitted atop the underpass, as elements of the park in the Openville mixed-use project.

 

The connecting street between Antenei Boulevard and Consiliul Europei Square will be closed to vehicular traffic during the construction works. The roundabout and Antenei Boulevard will remain open to traffic. New pedestrian and vehicular connections were created to enable client access into the Iulius Mall parking lots during the works for the Openville project.

 

NEW UNDERGROUND PARKING LOT WITH 580 PARKING SPACES

 

The Openville project developers will also create a new underground parking lot, after opening the multilevel parking facility spanning on six floors this April. The new parking lot will be located in the area between the UBC 3 and UBC 0 buildings and will have a capacity upwards of 580 parking spaces, laid out on two underground levels. The suspended park designed for the mixed-use project will be developed over the parking lot.

 

Concurrently, constructions works are underway on the Openville work site for the third and fourth office buildings, as well as for the new retail premises included in the project.

 

The largest business, retail and entertainment hub in the west of Romania is scheduled to open in the fourth quarter of this year, upon completion of the first phase of development. This phase will include: 47,000 sqm of additional retail premises, 50,000 sqm of office premises in operation and another 52,000 sqm under construction, as well as the park, the traffic underpass and the new parking spaces.

 

The Openville mixed-use project is developed by the IULIUS and Atterbury Europe companies, adding up to an estimated investment upwards of € 220 million.

 

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