22 February 2019 - Podgorica will get another residential-business complex on the site of the current Hotel City under Ljubović, and the potential investor, Company UTIP Montenegro, does not reject the possibility that one part of the building could be left for a different hotel category than the existing one.
As TMN previously reported, the demolition of the current City Hotel in Podgorica started February 11. The representative of UTIP Montenegro, Nemanja Nikolić, said that the destruction would take about 40 days. He added that they had already announced the construction of a multi-purpose residential and business facility.
According to the project that is being completed by the Podgorica architectural bureau, only the residential business building that would have a little less than 25,000 square meters is mapped to the place where the City Hotel today is located. Six floors, ground floor, and underground garage are projected.
"A multipurpose business residential building is planned on the plot. In addition to housing, the business segment is planned on the ground floor, and in one part of the building, the investors plan a construction of a city hotel that will have a separate entrance and which can be stretched vertically through the entire height of the building," reported the representatives of Detailed Urban Plan of Podgorica.
According to the investors, the project will be finished by the end of next year. "One of the most interesting future projects is the residential complex Ljubović Hill, located in an extremely attractive location in the city at the foot of Ljubović Hill, soured in the natural greenery of the mountain slopes, just next to the famous city promenade and recreation areas, and at the very heart of the city," stated the representatives of Normal Company, the project's investor.
