MILLIONAIRES' PARADISE New Town With Luxury Villas and International School To Be Built in Montenegro
1,1 billion Euro project of developing a new tourist town 'Central' in Luštica Bay is in its realization phase.
Ex military complex in Radovići will be transformed into the place for 3500 residents on 240 thousand square meters.
The project is financed and managed by Luštica Development, Swiss company Orascom Development (90 per cent) and the Government of Montenegro (10 per cent). Price of the one square meter is from 2,400 to 2,600 Euros.
Central is located near the Marina complex with 173 berths. A new marina is to be opened next summer along with 5 star hotel The Chedi Luštica Bay and 110 apartments, as well as new beach hotel. Also, there is 18-hole golf course.
Some ex military building will be transformed into international school and other social spaces.
Central will have several squares and markets, pedestrian zone, shopping mall, cafes, galleries, playground, sport course and indoor pool.
The works on first 36 luxury apartments will start at the beginning of 2018.