SPECIAL REPORT Emaar Square EMAAR Turkey is now developing Emaar Square, a mixed-use project consisting of residences, a shopping mall with an entertainment complex, offices and a five-star Address Hotel at Camlıca, in Uskudar on Istanbul’s Anatolian side. This Address Hotel will be the first outside Dubai. Designed as a new lifestyle and business hub in the Asian part of Istanbul, Emaar Square will comprise over 1,000 high and low-rise residential units, a 180-room five-star hotel, 40,000 sq m of office space and a shopping mall. Set to become one of the largest in Turkey, Emaar
Quasar Istanbul THE 197,000 sq m Quasar Istanbul mixed-use project developed by Viatrans consists of 4,000 sq m of reconstructed cultural heritage on the estate of the old Istanbul Liqueur Factory — and includes a 193,000 sq m high-end residential tower, a Fairmont Hotel tower with serviced apartments, Fairmont offices, and a boutique retail block. The project is located in Sisli on Istanbul’s European side between the Mecideyekoy and Gayrettepe metro stations. Amenities include ballrooms, meeting rooms, gourmet restaurants, spa, social clubs, podium pool, open recreation areas and wine cellar. All residential units have views of the Bosphorus. The Istanbul Liqueur Factory was built in 1930, designed by Cubist architect Robert Mallet Stevens. This cultural heritage site and its garden with 186 monumental trees are preserved within the project by re-functioning as an international culture/art/fashion centre. The residential tower consists of 193 different sized units and rises 34 floors above a podium with interior design by Marcel Wanders. The Fairmont Hotel – Fairmont’s first in Istanbul – the serviced apartments and offices will have interiors designed by Wilson Associates of New York. The first Fairmont branded offices in the world will occupy part of the four podium levels underneath the tower. Quasar Istanbul is the first project in Turkey that targets pre-certification of the sustainable building certification — Gold — in the German DGNB (Deutsche Gesellschaft fur Nachhaltiges Bauen) grading system.
Square Shopping Mall is the trophy asset within the development, with 150,000 sq m of leasable space, a wide range of leisure and entertainment facilities including 400 shops, restaurants and cafes. Other attractions include a discovery centre, an underwater zoo, a 15-screen multiplex cinema and a skating rink. In the shops certain brands – such as Galeries Lafayette – will be making their Istanbul debut. Emaar Turkey plans to invest in tourism, entertainment, shopping mall development, retail and commercial rental business, and to be a committed long-term partner in Turkey’s growth through value-added projects.
Mavie, Izmir
Emaar’s new lifestyle and business hub in the Asian part of Istanbul
Idealist Park
FIRST-timer at MIPIM, Gaya Real Estate Investments will be promoting its involvement in a number of Turkish flagship projects, including 42 Maslak in Istanbul and Mavie in Izmir on Turkey’s Aegean coast. Mavie is a high-rise mixed use project located in Mavisehir which is thought of as one of Izmir’s most up-and-coming districts where a number of prestigious developments have taken place in recent years. Gaya is carrying out concept analysis, development and sales on the project for investor Gurpınar Grup. Mavie is a 43-storey 155 metre-high building with 20,000 sq m of residential area and 10,000 sq m of retail. By combining the location of its land with the height of its towers Mavie offers residents landscaped areas, villa apartments, large penthouses, swimming pools, fitness facilities and sauna, playgrounds for children and views across the Aegean. Since its establishment in 1989 Gaya Group has successfully completed over four million sq m of commercial and housing areas, via projects implemented both in residential real estate, commercial and retail businesses.
IN THE recent past, Turkey has had a shortage of modern shopping malls when compared with the rest of Europe. This dearth was particularly acute on the Asian, Anatolian, side of the 15-millionstrong city of Istanbul. This shopping void is now rapidly being filled. The latest to come out of the ground is Idealist Park. Idealist Park is being developed in the newly established district of Cekmekoy in Marmara province in the Asian-side suburbs of Istanbul. Cekmekoy is a mainly residential area with luxury houses and upmarket flats. As a location Idealist Park is adjacent to the Sile motorway and close to the first and second Bosphorus bridges as well as to the third bridge project that will be completed in 2015. In addition public transport will be improved — with a new underground station project being developed for Idealist Park by Istanbul Municipality as part of the new trans-Bosphorus subway system. It will take about 13 minutes to get the heart of Istanbul. Developed by Idealistpark and designed by Kup Mimarlik, Idealist Park follows modern mall design principles and will be open air. It is built on 34,000 sq m with four floors and 60 retail units focused around a park and new lake. It is scheduled for completion in May 2014.
The 155 metre-high Mavie tower in Izmir
Idealist Park, on Istanbul’s Asian side
Second life: the site of the former Istanbul Liqueur Factory becomes the Quasar mixed-use project
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