One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the acquisition of a 9,045 sqm plot of land located at 241–273 Barbu Văcărescu Street, in one of the most desirable areas of Bucharest, with a rare location between Lake Floreasca and Lake Tei.
On this site, the company plans to build a new exclusive residential development called One Floreasca Sunset, which will consolidate One United Properties' presence in the Floreasca area and continue the series of developments built under the One Floreasca brand. This includes One Floreasca Lake, with phase 1 completed in 2013 and phase 2 in 2015, One Floreasca City, the mixed-use ensemble built on the former Automatica platform and completed in 2021, and One Floreasca Towers, with completion estimated in 2026. Launched in the company's early years, the One Floreasca and One Herăstrău series are some of ONE's longest-running development lines, reflecting the company's consistency in delivering residential and mixed-use developments in northern Bucharest.
The new One Floreasca Sunset development enjoys a rare location in the Floreasca area, between Lake Tei, Lake Colentina, and Lake Floreasca, with extensive panoramic views of the waters and the green areas of Verdi Park and the Pescariu Sports & Spa complex. The natural configuration of the land and the slightly elevated position of the site offer a direct relationship with the lake system, with wide perspectives that are difficult to replicate in an already consolidated urban context. At the same time, the area remains directly connected to the Barbu Văcărescu – Aurel Vlaicu – Dimitrie Pompeiu business hub, the public transport network, and the main traffic routes, which makes the new development stand out naturally thanks to the balance between proximity to the city and access to a green setting, with lakes in the surrounding area.
”One Floreasca Sunset is part of our strategy to invest in land with exceptional positioning in mature urban areas, where demand is supported by solid economic fundamentals and an already functional infrastructure. The Floreasca district remains probably one of the most desired exclusive residential addresses, one of the most stable market segments in Bucharest, while the location of this land, opening onto the lake system and near the park, sports and leisure facilities, offers an advantage rarely found in a consolidated urban landscape. Our approach remains strategic, seeking long-term efficiency and delivering developments that retain their relevance over time through product quality, integrated functions, and high energy efficiency standards. The goal is to create sustainable value by developing products that are a natural fit for the ONE portfolio”,
said Victor Căpitanu, co-founder and co-CEO of One United Properties.
One Floreasca Sunset will consist of a two-building complex, with a height regime of 3S + P + 13E + 14 duplex, a built area of 29,138 sqm and over 2,700 sqm of green space, with a target of at least 30% green area at the site level. The residential component will include 221 housing units, featuring a balanced mix of types, from studios to 2-, 3-, and 4-room apartments, and penthouses with panoramic views of the surrounding lakes, where each unit will benefit from spacious terraces or balconies. On the lower levels, One Floreasca Sunset will integrate complementary functions, with commercial spaces covering an area of 1,172 sqm, office spaces covering 981 sqm, and administrative spaces covering an area of 156 sqm. The complex will also include a sports area dedicated to residents.
In terms of mobility, the new development will provide 361 parking spaces in a mixed system, including 20 outdoor spaces, with charging infrastructure for electric vehicles. The technical solutions focus on efficiency and comfort, including modern air conditioning systems (VRV) and nZEB compliance.
Daily life is supported by the existing infrastructure nearby: from Verdi Park and the promenade on the shore of Lake Floreasca, to supermarkets and malls, leisure and sports areas, restaurants and wellness facilities, as well as good connections to public transport and major traffic routes. This density of functions contributes to daily comfort and the long-term value of the location.
The development is aimed at the upper segment of the market, it already has a building permit, and construction and sales are set to begin this year, with completion estimated for 2028. The gross development value (GDV) amounts to EUR 135 million.
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