Developer to launch $7 billion project in central Istanbul

ISTANBUL- Hürriyet Daily News

Taş Yapı is also developing an hotel project on the Anatolian side of Istanbul, Chairman Turanlı says.

Turkey’s Taş Yapı has launched plans to build a $7 billion residential project in Şişli, a central district of Istanbul.

Being one of the first districts to have modern apartments and having valuable plots in the heart of Istanbul, Şişli now hosts many luxurious developments. Taş Tapı aims to build the “most prestigious” project in Turkey on its 100,000 square-meter plot in Şişli, according to daily Dünya.

“We will [design] such a project that everybody remembers Turkey through it. Everybody will remember this building when Turkey is mentioned,” said Taş Yapı chairman Emrullah Turanlı, adding that they were in talks with world-renowned architects for the project.

The company will complete a residential project of four towers with 44 floors each in April or May, he added.

The total value of the projects currently being carried out by Taş Yapı is about $20 billion, according to Dünya.

Touching on Taş Yapı’s future plans, Turanlı said the company would build hotels on its own plots in Dubai, Istanbul and in the eastern province of Diyarbakır.