Last updated: October 2021
Maritza Gardens is a residential complex with an abundant park environment along the north bank of the Maritza River. The inner part is a 5000 sq.m. park with luxuriant vegetation and facilities for recreation. The purpose of the complex is to allow residents to successfully combine city life with well-being. (Ref. 1; Ref. 2).
https://www.bulgarianproperties.com/Bulgaria_articles/Maritza_Gardens_Construction_update_1839.html
Overview
Nature-based solution
- Grey infrastructure featuring greens
- House gardens
- Parks and urban forests
- Pocket parks/neighbourhood green spaces
Key challenges
- Green space, habitats and biodiversity (SDG 15)
- Green space creation and/or management
- Regeneration, land-use and urban development
- Regulation of built environment
- Promote natural styles of landscape design for urban development
- Health and well-being (SDG 3)
- Creation of opportunities for recreation
- Economic development and employment (SDG 8)
- Real estate development
Focus
Creation of new green areas
Project objectives
- Allow residents to combine city life with well-being by adding greenery to the complex (Ref. 2)
Implementation activities
- In order to reach a high quality of living, the greenery has been designed to occupy >30% of the territory.
- The apartments on the ground floor are equipped with private gardens
- There is seasonal renewal of the greenery and daily maintenance of the grounds.
(Ref. 1; Ref. 2)
Main beneficiaries
- Private sector/Corporate/Company
- Citizens or community groups
Governance
Management set-up
- Led by non-government actors
Type of initiating organisation
- Private sector/corporate actor/company
Participatory approaches/ community involvement
- Citizen monitoring and review
Details on the roles of the organisations involved in the project
The Maritza Gardens complex was a joint venture between the finance group LCF Rothschild group, and Albis Holdings BV - a building and bussiness development company. The financing was provided by the investment fund “Edmond de Rotschild services investement”, based in Luxemburg. (Ref. 1).
Project implemented in response to ...
... an EU policy or strategy?
Unknown
... a national policy or strategy?
Unknown
... a local policy or strategy?
Unknown
Financing
Total cost
More than €4,000,000
Source(s) of funding
- Corporate investment
Type of funding
- Direct funding (grants, subsidies, or self-financed projects by private entities)
Non-financial contribution
Unknown
Impacts and Monitoring
Environmental impacts
- Green space and habitat
- Increased green space area
Economic impacts
- Attraction of business and investment
Socio-cultural impacts
- Social justice and cohesion
- Improved liveability
- Improved access to urban green space
- Health and wellbeing
- Gain in activities for recreation and exercise
Type of reported impacts
Achieved impacts
Presence of formal monitoring system
Yes
Presence of indicators used in reporting
No evidence in public records
Presence of monitoring/ evaluation reports
No evidence in public records
Availability of a web-based monitoring tool
No evidence in public records
References
Ref. 1. Dobreva, S. (2017). Progress in the construction of the residential complex “Maritza Gardens”. [online] available at: Source link (Accessed: November 2, 2020).
Ref. 2. Жилищен комплекс Марица Гардънс (2017). Добре дошли в Градините на Марица! [online] available at: Source link (Accessed: November 2, 2020).
Ref. 3. Sunny Hill (2014). Добре дошли в Съни Хил! [online] available at: Source link (Accessed: November 2, 2020).
Ref. 4. Google (2017). All reviews. [online] available at: Source link (Accessed: November 2, 2020).
Ref. 2. Жилищен комплекс Марица Гардънс (2017). Добре дошли в Градините на Марица! [online] available at: Source link (Accessed: November 2, 2020).
Ref. 3. Sunny Hill (2014). Добре дошли в Съни Хил! [online] available at: Source link (Accessed: November 2, 2020).
Ref. 4. Google (2017). All reviews. [online] available at: Source link (Accessed: November 2, 2020).