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News and Events at River Park

The construction of the second phase of the River Park complex has begun

The construction of the second phase of the River Park complex has begun

A symbolic groundbreaking ceremony marked the beginning of the construction of the second phase of the River Park residential complex, which includes the construction of a new alley with 42 houses. For their construction, the investor "Real Estate Developments" entrusted BS Konstructia - a company with many years of experience in the field of construction and its management. Due to the increased interest in the complex, currently more than half of the houses on Alley 5 have been sold. During the

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River Park signed with BS Konstructia for the construction of Alley 5

River Park signed with BS Konstructia for the construction of Alley 5

Real Estate Developments chose BS Konstructia for the development of Alley 5 in River Park, which consists of 42 houses. The expertise, vast experience and highly qualified team of BS Konstructia won the trust of the investor after a contractor selection procedure.

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Ori Niv: When there is a good plan and preparation then the results are visible!

Ori Niv: When there is a good plan and preparation then the results are visible!

Sofia is in a unique position compared to the rest of the country because the market is growing here, says the executive director of Real Estate Developments.

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River Park Phase 2: More than half of the houses from Alley 5 are already sold

River Park Phase 2: More than half of the houses from Alley 5 are already sold

Phase 1 is complete and has use permit (ACT 16) and its owners are now moving into their homes.

Alley 5 will consist of 42 houses. The construction site is due to open in early 2024. Due to the high interest, only half of the homes remain available for sale.

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WELCOME HOME! River Park welcomes its first residents with an exciting garden party

WELCOME HOME! River Park welcomes its first residents with an exciting garden party

Sparkling prosecco served by a flying bartender. With this impressive gesture were welcomed the first owners of houses in River Park. On September 30th, they enjoyed a special opening party to celebrate the start of their new life at the complex. The program of the event included a lot of entertainment for children and adults.

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New alleyways and installation of the first playground equipment

New alleyways and installation of the first playground equipment

We entered September 2022 with brand new streets and alleyways in River Park. The street network connects all 110 houses built in the First Phase of the complex. Once completed, construction crews will move on to shaping the street surrounding the complex, as well as the jogging track next to it.

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Capital.bg: Sales of the second phase of the River Park residential complex commence

Capital.bg: Sales of the second phase of the River Park residential complex commence

River Park is one of those residential projects that is distinguished by an innovative concept for a living environment and its subsequent implementation at every stage of its realization. The speed at which the development is progressing is impressive, all houses in Phase One of the development have already been sold, construction is nearing completion, and will be fully completed by the end of this year.

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Construction of the shared spaces in River Park commences

Construction of the shared spaces in River Park commences

While the finishing touches are being applied to the last houses in Phase 1, the construction crews have now focused their efforts on the construction of the street network and shared areas in River Park. Alley 2 and the entrance paths to the houses on it are now fully completed and provide an increasingly realistic perception of how the completed project will look.

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Everything you need to know about the playgrounds and shared spaces in River Park

Everything you need to know about the playgrounds and shared spaces in River Park

Over 80% of ​​River Park’s area will remain non-built-up and will used for open spaces - a fact that sets the complex apart from all other housing projects in Sofia. The utilization of these open areas is subject to in-depth and precise analysis, which takes into account the latest trends in the sustainable development of urban planning. Particular attention is paid to the playgrounds - here, unlike other gated communities in our country, they are scattered throughout the complex...

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All of River Park’s Phase 1 houses are sold out

All of River Park’s Phase 1 houses are sold out

All 110 houses from the first phase of River Park are sold out and have new owners. The interest that the housing project has drawn from those looking for a new home once again emphasizes how successful its concept for a home close to nature and to the city is.

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River Park opens its first Sample House

River Park opens its first Sample House

The first Sample house in River Park was officially completed this month and welcomed the first visitors, looking for the perfect home for their families. We spoke to Hadar Shamay, Director of Establishment and Construction of River Park project, to learn more about the interior of the sample house and how it is linked to the overall concept of River Park.

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80% of the houses in Phase 1 have already been sold

80% of the houses in Phase 1 have already been sold

Phase 1 of River Park is set to be completed in less than a year. The complex attracts those home seekers who are looking for a healthy living environment close to nature and the amenities of the city, which has led to 80% of the houses being sold.

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All Phase 1 houses receive Act 14 certification

All Phase 1 houses receive Act 14 certification

One and a half years after the River Park groundbreaking ceremony, all 110 houses from Phase 1 have been built, and just a few days ago the final ones also received Act 14 certification. Act 14 certifies that the rough-in construction of the buildings has been approved by the relevant authorities. Receiving it gives the green light to move on to procedures for issuing Act 15 and Act 16.

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River Park’s construction in November

River Park’s construction in November

In November we completed the facades of the first row of Twin houses. You can clearly see the large plant pots and the entrances to the underground garages – both of which are distinctive features for these types of houses. We also began laying the foundation for the first street within the complex.

Take a look at the latest photos here:

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River Park’s construction in October

River Park’s construction in October

The construction process throughout October continued to move along at an impressive pace. In addition to the row houses from the first rows of the complex, the twin houses from the second row now also have finished facades.

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River Park’s construction in September

River Park’s construction in September

Take a look at the latest photos from construction site.

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River Park’s construction during the summer

River Park’s construction during the summer

The construction of the 110 houses in Phase 1 is progressing at an impressive pace even during the summer. A number of them are already nearing the advanced stages of completion and will soon have fully finished facades. The rest are also progressing rapidly, as can be seen from the latest photos from the construction site.

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1 year after the Groundbreaking ceremony

1 year after the Groundbreaking ceremony

One year since the groundbreaking ceremony of the largest housing project in Sofia!
Phase 1 ends at the end of 2022 and 110 families will have their dream home in River Park.

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Ori Niv: River Park is the best project I could have dreamed of

Ori Niv: River Park is the best project I could have dreamed of

Ori Niv has over 20 years of professional experience in the field of real estate in Bulgaria and is one of the pioneers in the construction of residential complexes in Sofia. His latest project is the River Park complex, located at the foot of Vitosha Mountain, 15 minutes away from the city center. In Bloomberg Businessweek's latest issue, Mr. Ori Niv talks about the progress of construction over the past year.

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47 houses in River Park now have Act 14 certification

47 houses in River Park now have Act 14 certification

Less than a year after the groundbreaking ceremony, construction has started on of all houses of the first phase

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Ori Niv: Over 60% of the houses in River Park have been sold

Ori Niv: Over 60% of the houses in River Park have been sold

This project’s main value is the quality of life in it once construction is completed, says the investor

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47 houses in River Park with Act 14

47 houses in River Park with Act 14

47 of the houses in the River Park have already received Act 14, and 16 more will receive it soon.

Act 14 is a step for control of construction activities, certifying the acceptance of the construction of the building. It allows to start procedures for issuing Act 15 and Act 16.

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The River Park Sales team: “Construction is progressing at an impressive pace”

The River Park Sales team: “Construction is progressing at an impressive pace”

In our first conversation, Desi and Galya from the River Park Sales Team shared details about the concept of the residential complex and what type of buyers would appreciate it. Today they tell us more about the progress in construction, property maintenance and which types of houses are the most sought-after.

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What makes River Park stand out? Our sales team shares their thoughts

What makes River Park stand out? Our sales team shares their thoughts

Desislava Lyubenova and Galina Vasileva launched their consulting company ProjectOne in 2018. Their focus is on the housing market, for which they provide comprehensive consulting and brokerage services for residential housing investments. Shortly after founding the company, they met River Park investor Mr. Ori Niv, and the opportunity to participate in the creation of the project appealed to them.
We met with Desi and Galya to find out everything about the project River Park.

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River Park’s construction in May

River Park’s construction in May

The progress of the construction is remarkable, and the construction site is getting closer to the desired vision of the complex. 73 of the houses are finished up to the roof. 13 of the houses have reached the second floor, and 13 are up to the first.

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River Park’s construction in April

River Park’s construction in April

As spring progresses, the construction of River Park continues to reach new milestones. At this point, 62 out of all 110 houses in Phase 1 have been completed up to their roof. 24 others are nearing the completion of their second floors, and 2 of the houses have walls on the first floor.

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River Park provides a completely new environment that is one with nature

River Park provides a completely new environment that is one with nature

What sets River Park apart from other residential complexes in terms of Landscape Architecture? How does the complex fit into the initial landscape plan of Sofia? We talked again with landscape arch. Dobromira Lulcheva to find answers of these questions. Together with her team at Landscape Design Studio she has created the distinguished concept of River Park by integrating homes and nature together.

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Landscape arch. Dobromira Lulcheva: The idea behind River Park is for people and nature to live together

Landscape arch. Dobromira Lulcheva: The idea behind River Park is for people and nature to live together

Landscape architect Dobromira Lulcheva is one of the founders of Landscape Design Studio, established in 2016 with a vision to create spaces that bring forth a natural feel. As a landscape architect, she believes that the most important thing is to create with a sense of aesthetics, sustainability and balance in the environment, in which she works. The idea to work in harmony with nature is even woven into the studio’s motto – “sense of nature”.

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River Park’s construction in February

River Park’s construction in February

Mid-February marks 7 months since the start of construction of River Park’s Phase 1. Up until now with completed wooden roof structure are 31 of the houses. 23 others are nearing the completion of their second floors, and 18 of the houses have walls on the first floor. The foundations of the remaining houses will be executed following the winter period.
Don't miss the latest photos from construction site here.

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Ivo Petrov – Architects: We designed the houses in River Park to be homes, not just buildings

Ivo Petrov – Architects: We designed the houses in River Park to be homes, not just buildings

River Park is one of the major projects in Ivo Petrov - Architects's portfolio, with a team of over 10 experts working on its creation. Their work started in 2018 with the concept development and preparation of a number of creative proposals by arch. Denitsa Drumeva and Daniela Angelova. Arch. Angel Hristov joined in during the technical and detailed design phase. In this exclusive interview they share interesting facts about the residential complex and its most important benefits.

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14 houses in River Park have been completed up to the roof

14 houses in River Park have been completed up to the roof

6 months after the official groundbreaking ceremony, the construction of River Park’s Phase 1 is going at an excellent pace. 14 of the houses in River Park have been completed up to the roof, and 37 others are nearing the completion of their second floors. 12 of the houses have foundations and walls on the first floor. The foundations of the remaining 27 houses will be laid during the upcoming two months.

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Progress in the construction of River Park

Progress in the construction of River Park

The construction of River Park is proceeding at a rapid pace. By the end of the year, 87 of the houses will be under construction, 14 of which will have been built up to their roofs. The construction of the complex is planned to continue for about 5 years. The first phase includes 110 houses and is expected to be completed in 2022.

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70 houses from the first phase of River Park are already under construction

70 houses from the first phase of River Park are already under construction

In less than 5 months since the Groundbreaking ceremony in July, the construction of 70 houses has already started. This is more than 60% of all planned for the first stage of River Park. The construction is in different stages for each house - by some of them the foundations have been dug, while in others the second floor has already been reached. The work on the site is progressing at an impressive pace.

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River Park donates Paintings by some of the best Graffiti Artists to Schools and Kindergartens in Sofia

River Park donates Paintings by some of the best Graffiti Artists to Schools and Kindergartens in Sofia

The artworks from the exhibition “Window to Childhood”, created by some of the best Bulgarian graffiti artists - Nasimo, Sve, Esteo, Arsek & Erase, were donated by River Park to a number of schools in Sofia. The company’s aim was to contribute in bringing positive emotions to children and teachers during the challenging school year ahead.

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The RIVER PARK residential complex, with an investment of over BGN 160 million, launches construction

The RIVER PARK residential complex, with an investment of over BGN 160 million, launches construction

The symbolic groundbreaking ceremony marked the start of the implementation of the largest residential project in Sofia - River Park.

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Kalistratov Group chosen to build the RIVER PARK residential complex

Kalistratov Group chosen to build the RIVER PARK residential complex

Real Estate Developments selected Kalistratov Group for the construction of the largest residential project in Sofia - River Park. Kalistratov Group’s expertise, experience and high-quality team won the trust of the investor for the realization of complex, following the procedure for selection of a contractor.

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UniCredit Bulbank Will Fund the Construction of RIVER PARK Residential Complex

UniCredit Bulbank Will Fund the Construction of RIVER PARK Residential Complex

UniCredit Bulbank is the financial institution, which will support Real Estate Developments for the construction of River Park residential complex. This is one of the most large-scale projects in Sofia and it will offer two-storey houses, each with its own backyard.

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Тhe new River Park office opened its doors for the first time!

Тhe new River Park office opened its doors for the first time!

In March, the new River Park office opened its doors for the first time. This brand new venue is where our team will welcome everyone who would like to learn more about the project and take the next step with us toward purchasing their new home.

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RIVER PARK - A place for priceless moments

RIVER PARK - A place for priceless moments

At the foot of the Vitosha mountain, situated on an area of 215,000 sq. m. and in close proximity to the first stop of the lift from Simeonovo to Aleko we find the plot of land on which the River Park complex is scheduled to be built.

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River Park: Welcome Home

River Park: Welcome Home

The River Park residential complex has become synonymous with high quality and innovation, a notion that has been proven once again through its latest structural addition. River Park Project Manager Hadar Shamay led the initiative to transform a group of disused construction containers into a flexible living environment, containing several work areas, a kitchen, a spacious living room, a children’s corner, garden and relaxation area.

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The National Art Gallery in Sofia is set to present its first ever Graffiti Exhibition, with the special support and backing of River Park

The National Art Gallery in Sofia is set to present its first ever Graffiti Exhibition, with the special support and backing of River Park

The art director and curator of the creative initiative is one of the most popular graffiti artists - Nasimo. His urban graffiti work is renown not only in Bulgaria, but also in Canada, the United Kingdom, Germany, Austria, Italy, Belgium, Portugal, Poland, the Czech Republic, Romania, Serbia, Greece, Kosovo, Turkey, India, China, and Russia.

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Investor Digest: Sofia is still underpriced compared to other big cities

Investor Digest: Sofia is still underpriced compared to other big cities

Investor Digest: Sofia is still underpriced compared to other big cities

The interview with Ori Niv, Real Estates Development CEO

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Forbes: Four ladies and one project

Forbes: Four ladies and one project

The idea behind the River Park complex brings together four women from the business. The purpose of the project - to bring nature back into everyday life without depriving the city of its facilities - cuts across their professional paths.

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Tsvetan Petrov on ImoTiTE: What is Smart Planning for the River Park Complex?

Tsvetan Petrov on ImoTiTE: What is Smart Planning for the River Park Complex?

"River Park will distinguish itself by its planning, social environment and maintenance, "revealed the manager of Ivo Petrov Architects

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Why does investing in quality real estate always make sense?

Why does investing in quality real estate always make sense?

Modern residential complexes offer a whole new way of life to their residents

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Bloomberg TV Bulgaria: "Closed Complexes in the Suburbs of Towns Give New Alternatives," noted the CEO of Real Estate Developments

Bloomberg TV Bulgaria: "Closed Complexes in the Suburbs of Towns Give New Alternatives," noted the CEO of Real Estate Developments

"Often, residents of urban areas suffer from poor infrastructure, polluted air, etc.," said Ori Niv

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"Sofia needs quality housing with the surrounding environment in mind," Ori Niv commented

"Sofia needs quality housing with the surrounding environment in mind," Ori Niv commented

Careful research and design is the formula for success in residential construction, the investor believes

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Capital: "River Park - a new generation residential complex"

Capital: "River Park - a new generation residential complex"

Its purpose is to bring nature back into everyday life without depriving it of the amenities of the big city.

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Ori Niv at Bloomberg TV: "110 houses to be built in phase one of River Park's construction"

Ori Niv at Bloomberg TV: "110 houses to be built in phase one of River Park's construction"

"Our goal is to attract Bulgarians and people who will live in the complex as buyers and not just investors who will not use the residences most of the time," Ori Niv said.

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Nasimo in an interview with Investor.bg: "Graffiti has a place in the urban environment"

Nasimo in an interview with Investor.bg: "Graffiti has a place in the urban environment"

Graffiti tours are already being organized for tourists in Sofia, comments one of the most famous graffiti artists in Bulgaria.

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ART Graffiti Brunch by River Park

ART Graffiti Brunch by River Park

The River Park team initiated one of the most massive art demonstrations done in recent years in Bulgaria. The project was inspired by the boundless creativity of a child's imagination.
On the 28th & 29th September 2019, Nasimo, Sve, Esteo, Arsek & Erase demonstrated their immense talent live, for all the visitors of the Amphitheater arena in Ring Mall, Sofia.

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Ori Niv to Investor.bg: "The leitmotif of our new project is" living in nature"

Ori Niv to Investor.bg: "The leitmotif of our new project is" living in nature"

"The River Park location is a gift to any real estate developer - a vast green space and a river on its eastern border and thanks to the slope, it offers great views of the city to the north and Vitosha to the south."

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#TheGoodNeighbor

#TheGoodNeighbor

10 September 2019 marked the start of our good deed initiative - #TheGoodNeighbour. The River Park team set up a special booth in Business Park Sofia and conducted a survey on the best qualities of a Neighbor.

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