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Details

Price from /m²
$2,440
Built
100%
Handover
Completed (2025)
Flats
—
Location
Merab Kostava St, 65-67, Tbilisi

Price vs the market

Nearby new builds comparedNew-build projects within 5 km — price, handover and construction progress
ProjectFrom /m²HandoverBuiltDistance
Prestige KostavaThis project$2,440Completed (2025)100%—
Silk Factory Studio & ResidencesSilk Development$3,200Q4 202740%347 m
Redix Chavchavadze 64Redix$2,400Completed (2019)100%384 m
King Tamar by ArchiArchi—Q2 202735%420 m
King David ResidencesKing David—Completed (2018)100%475 m
GBG Nikoladze 5GBG Development$1,800Q4 202670%481 m
Bohema ResidenceRoyal Group$1,300Q1 202750%482 m

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Area

Country
Georgia
City
Tbilisi
Neighborhood
Saburtalo
Address
Merab Kostava St, 65-67
To Center
3,9 km · piyada ~48 dəq · nəqliyyat ~18 dəq · maşınla ~12 dəq
Nearest Metro
Teknikuri Universiteti · 799 m · piyada ~10 dəq
15-Min Living
720+ spots walking
Air & Ecology
AQI 31 · Clean Air

Nearby

About the project

Prestige Kostava in Tbilisi is a residential complex built through the restoration of the former "Saknavtobi" administrative building, designed by one of Georgia’s most prominent 20th-century architects, Mikheil Neprintsev. Key advantages prime location; prestigious real estate; well-developed surrounding infrastructure; state-of-the-art amenities; secure, gated courtyard; barrier-free access; landscaped courtyard with a children’s playground; elegant entrance halls; large energy-efficient windows; high ceilings (3.1 m); quiet Mitsubishi elevators; underground parking; smart, functional layouts; flexible purchase options; trusted, experienced developer. Location Prestige Kostava is located in the very heart of Tbilisi, on Heroes Square, at 65–67 Merab Kostava Street. This outstanding central location offers unbeatable access to all parts of the city and major landmarks—ideal for those who value convenience and an urban lifestyle. Everything you need is just steps away. From historical sites and tourist attractions to schools, hotels, restaurants, and shopping centers, the area is packed with amenities. You’ll also be just minutes from one of the city’s most iconic spots—Rustaveli Avenue, especially lively at night. Prestige Kostava combines urban comfort with modern living, making it an excellent choice for anyone looking to own a home in central Tbilisi. Neighborhood infrastructure Just 300 meters from the building is the Tbilisi Zoo, and Mziuri Park is only about a kilometer away—perfect for those who enjoy being close to nature. Nearby you’ll find everything you need for a comfortable lifestyle: chain supermarkets, grocery stores, and mini-markets; pet supply stores; banks and post offices; a wide variety of cafés, restaurants, and bars—including popular spots like McDonald’s; food delivery services; pharmacies, dental clinics, hospitals, and the Gia Gvaramia aesthetic medical center; shopping centers and boutique stores; beauty salons and barbershops; the Sports Palace and fitness centers; gas stations, car services, and car washes; cultural venues such as the “Cash” cinema club and a major concert hall; the Tbilisi Circus for family fun; Vere Park for outdoor recreation; kindergartens, schools, and top universities, including Ivane Javakhishvili Tbilisi State University, Ilia State University, and the Georgian Technical University. You can also reach key destinations like the Eliava construction market, Central Market, Dinamo Arena, the Music and Drama Theatre, and the Republican Hospital within 5–10 minutes by car. Transportation connections Just 190 meters from the complex, you’ll find a well-connected public transport stop with regular service to various parts of Tbilisi. Buses No. 298, 300, 310, 314, 326, 329, 332, 342, 347, 349, 352, 358, 391, 392, and 397, as well as minibuses No. 431, 465, 472, and 539, run approximately every 10 minutes. The Technical University metro station is just an 11-minute walk away, offering quick and easy access to the city’s metro system. For longer trips, the Didube bus and train stations are just over 5 kilometers away, making intercity travel convenient and accessible. Tbilisi International Airport (named after Shota Rustaveli) is about a 30-minute drive from the complex. Project overview The transformation of the former "Saknavtobi" administrative building, led by Macro Construction and set for completion in 2024, brings new life to a piece of Tbilisi’s architectural heritage. Preserving the building’s original identity is a key element of the project—something that adds both cultural and emotional value. This development is a unique opportunity to see how a historical architectural style can be reimagined as luxury modern housing. It’s more than just a renovation—it’s the continuation of the building’s story after years of silence. Next to the historic structure, a brand-new Block B is being built in harmony with the original aesthetic, offering more people the chance to become part of this living piece of history. The design of Block B draws inspiration from the spirit and visual language of the era in which the original building was created. As part of the restoration, residents will enter through a grand lobby with high ceilings, a refined reception area, and a modern Mitsubishi elevator, all designed to enhance the historic charm with modern comfort. Even though Block B is a newly built structure, its thoughtful design and placement ensure it feels like a natural extension of the original building. Residents of Block B will also have full access to the historic lobby and reception of Block A. The new building will feature a solid monolithic reinforced concrete frame, with brick outer walls and high-quality insulation to meet modern standards for durability and energy efficiency. The complex will include all essential engineering systems, modern utilities, and fire alarm systems. Each section will have an entrance vestibule, and all entry doors will be secure, insulated, and equipped with an intercom system—providing a high level of safety and comfort for residents. Landscaping and outdoor amenities The Prestige Kostava complex features thoughtfully designed outdoor areas, including modern children’s playgrounds with safe rubber flooring, swings, slides, and sandboxes. There are also quiet relaxation areas with wooden benches and pergolas where residents can unwind and enjoy the greenery. The entire complex is fully accessible for people with limited mobility, with barrier-free pathways and entrances throughout the site. Paved walkways and driveways ensure easy movement around the property. A guest parking area is available near the complex, and an underground garage is currently under construction for residents. The inner courtyard will be landscaped with lush green lawns, colorful flower beds, trees, and ornamental shrubs, creating a vibrant, welcoming atmosphere. Modern outdoor lighting ensures the grounds are well-lit and safe in the evenings, making Prestige Kostava a secure and comfortable place to call home. Apartment sales Block A, the historic building, includes just 17 exclusive residences with soaring ceilings and spacious layouts ranging from 100 to 150 square meters. Each apartment offers direct access via a modern, low-noise elevator. These residences will be delivered in shell condition (“green frame”), giving owners the freedom to design and finish their interiors to suit their personal style. Block B features 51 apartments in a variety of layouts, including one-, two-, and three-bedroom options. Unlike Block A, the apartments here will be fully finished, with a choice of two interior design styles thoughtfully curated to complement the historic character of the complex. The final design can be tailored to your individual preferences, ensuring a space that truly feels like home. The project offers a high return on investment (ROI), with the potential to recoup your investment within 8 years. With Macro Construction, you're not only buying a home in a landmark location—you’re making a smart, future-forward investment. Each apartment is fitted with floor-to-ceiling panoramic windows featuring double-glazed, energy-efficient glass within premium metal-plastic frames. The generous glazing ensures abundant natural light throughout. In addition, each unit comes with an open balcony with elegant railing details, creating a comfortable outdoor extension of your living space. Apartments are available for purchase via cash or mortgage financing through TBC Bank. For more details on unit availability, pricing, and payment terms, visit the sales office, listed on the project’s official website. About the developer The restoration and redevelopment of the historic Saknavtobi building into the Prestige Kostava residential complex is being carried out by Macro Construction in partnership with Ken Construction. Prestige Kostava is the first property in Macro Construction’s Prestige series, designed to

More projects — Maqro Development

Estimate a mortgage

$122 000
$36 600
10.0%
20 years
Monthly payment
$824
Apartments up to this price
Loan amount$85 400
Total interest$112 391
Total repaid$197 791

Indicative figure calculated with the standard annuity formula — not a bank offer.

Spotted an inaccuracy? Tell us

Frequently asked questions

How much is a square meter in Prestige Kostava?

Prices in Prestige Kostava start from $2,440/m². Location: Merab Kostava St, 65-67. New-build prices in 2026 vary by floor, view and frame condition.

When will Prestige Kostava be handed over?

Handover date: Completed (2025). Construction progress: 100%.

Which frame condition are apartments sold in at Prestige Kostava?

New developments in Georgia are typically sold in three conditions: black frame (shell only), white frame (ready for renovation — plaster, wiring, screed) and green frame (near-complete). Confirm the exact condition for Prestige Kostava with the developer's sales office.

Can I buy an apartment in Prestige Kostava with an installment plan or mortgage?

You can buy in Prestige Kostava with a developer installment plan (typically 10–30% down, payments until handover) or a bank mortgage. Confirm details with the developer or contact us on Sivrce.

Who builds Prestige Kostava?

Developer: Maqro Development. Full profile, other projects and reviews: sivrce.ge/developers/maqro-development.

Is buying in Prestige Kostava a good investment?

Buying under construction is usually cheaper than a completed unit — prices rise toward handover. Rental yield and ROI in Tbilisi depend on the district and frame condition; compare similar projects on Sivrce.

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