News and Events at River Park

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.

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.

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

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.

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.

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.

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.

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.

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.

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

The interview with Ori Niv, Real Estates Development CEO

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.

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

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

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

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

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

"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.

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

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.

"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."

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.