LIVING’s Kassak Terrace residential development in Budapest, the third and final phase of the 740-unit Kassak project, has reached its highest point. Located in District 13, at the intersection of Klapka utca and Kassak Lajos utca, just a short walk from Vaci ut, the residential park will have 246 apartments with AA+ energy rating and advanced, cost-effective technical solutions. The construction work at Kassak Terrace is on schedule, with handover – and the completion of the whole Kassak project – expected in the first half of 2025. Sales of the third and final phase apartments have already started.
Kassak Residence, the first phase of the project and LIVING’s first residential development, was handed over in 2020, while the second phase, Kassak Passage, was completed in the second half of 2022. With the handover of the third and final phase, the Kassak project, which includes a total of 740 apartments and its own 9,000m2 park, will be complete. The project is scheduled for completion in the first half of 2025.
The residential park is conveniently located, in proximity to Vaci ut, ensuring easy access to outstanding infrastructure and a broad range of services in the vicinity. Downtown Budapest is easily accessible by car and public transport, yet the development is located in a quiet, tranquil area. Kassak Terrace is a perfect choice for those who prefer an active lifestyle as Margaret Island, the Danube, and the City Park, currently undergoing renewal, are easily accessible.
Kassak Terrace offers practical studio apartments as well as large six-room penthouse units with efficient floor plans and panoramic views. 21 homes in the project will have direct garden access. The underground parking garage of the residential development will have 259 parking spaces, including 190 with electric chargers.
"Kassak project, LIVING’s first residential development, is highly popular among customers and has now reached another milestone. The third phase has reached its highest point and it is expected to be completed in the first half of 2025. This means that the whole Kassak project, which covers nearly 100,000m2, and has been a pivotal project of LIVING in recent years, will be complete. The 246 apartments currently under construction will be the most technically advanced complex of the project: cutting-edge energy-efficient and cost-efficient solutions have been used during planning and construction and such solutions will be available to homeowners as well," said Janos Martin, WING’s Deputy CEO and LIVING’s Director of Residential Development.