Park Tower

Park Tower is a beautiful new high-rise development which is located in Tbilisi’s most upmarket suburb – Vake.  It occupies an excellent location within Vake, just 50m from Vake Park – Tbilisi’s largest green area.  It is also just 250m from the start of Chavchavadze Avenue, famous for the number of upmarket shops, bars and restaurants either on the avenue or in the parallel streets.  The project is within easy walking distance of several of the largest embassies in Tbilisi, including the Russian, Ukrainian and Iranian embassies.

Standing 18-storeys tall, plus five floors of parking, Park Towers started construction in March 2018 and was completed in June 2020.  The project has been completed to a luxurious standard both inside and out, with the exterior featuring metal shutters and faux-wood laminate coverings. The developer has a good track record of completing several of Vake’s most luxurious residences, one of which received several international awards for its architecture.

The project offers a concierge service for the convenience of owners and guests, together with a security guard on duty 24/7.  Parking at Park Towers is reached by a car elevator.  With prices ranging from $8,500 to $10,500 depending upon the level, these are some of the most affordable parking spaces available in the Vake area today.

All apartments at Park Tower have views of Vake Park.  Larger units with windows on both dies of the building also have good views to the rear as there is a sports field behind the project, ensuring that all apartments receive plenty of light from both sides.

As Park Tower has been completed for over two years already, there is only one apartment remaining.  This is a 141.7m2 three-bedroom/two-bathroom apartment which is located on the 15th floor of the building and so has excellent views of the park.

All apartments at Park Tower are supplied on a ‘white frame’ basis, which means that they come with bare concrete walls, floors, ceilings, no bathrooms, etc.  The price for finishing would start at $170 per m2.  A free boiler is included in the price, however.

As the project is now complete with the apartment reading for immediate handover, there is no payment plan on the project.  Buyers would need to pay 100% on contract.  Service fees for the project are in the region of 100-140 Lari per apartment.

In summary, Park Tower is the idea project for anyone looking for a luxurious apartment in the best area of the city with excellent views.

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