SHARASHIDZE GROUP
Ongoing / Mixed-Use Development, Vere River Valley

River Vere

A strategically conceived masterplan integrating residential, commercial and public programs into a cohesive urban framework.

The masterplan covers approximately 1 hectare along the Vere River. Its first phase, an 80-apartment residential complex developed in partnership with White Square Development, was completed in 2025. The current phase is a mixed-use development for sports, leisure and offices, presented below.

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Value Created
LAND ACQUISITION COST (HISTORICAL)
USD 67,500
CURRENT LAND VALUATION
USD 2.1M
ESTIMATED DEVELOPMENT VALUE
USD 14–15M
SPACE BREAKDOWN
Land
4,157 m² + 2,500 m² along the river
Building footprint
5,435.1 m²
Total floor area
6,822.7 m²
Total usable area
7,915 m²
Indoor / outdoor
5,485 m² / 2,430 m²
3 tennis + 3 padel courts
2,430 m²
Swimming pool
25 × 10.5 m