Green Lisi Town is a

mixed-use development Mixed-use is a kind of urban development, urban design, urban planning and/or a zoning type that blends multiple uses, such as residential, commercial, cultural, institutional, or entertainment, into one space, where those functions are to some ...

on the lakefront of

Lisi Lake Lisi lake ( ka, ლისის ტბა) is a small lake in the vicinity of Tbilisi, Georgia; belongs to the Kura River valley, home to a large mixed-use development project by the same name. The landscape is rocky and arid with shrub vegetation ...

in the Vake and

Saburtalo Saburtalo might refer to: *Saburtalo Pantheon, burial site in Tbilisi, Georgia *Saburtalo Line, metro line in Tbilisi, Georgia * FC Saburtalo Tbilisi, football club in Tbilisi, Georgia *Saburtalo District Saburtalo is an administrative district ( ...

districts in southwest of

Tbilisi Tbilisi ( ; ka, თბილისი ), in some languages still known by its pre-1936 name Tiflis ( ), is the Capital city, capital and the List of cities and towns in Georgia (country), largest city of Georgia (country), Georgia, lying on the ...

, the capital of the country of

Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to the ...

.Lisi Development website

History

Plans are in place for Green Lisi Town on the

lakefront. Chairman of

TBC Bank , logo = TBC Bank logo.svg , logo_size = 100 , image = TBC Bank building.jpg , image_size = 250 , image_caption = TBC headquarters at Marjanishvili avenue, Tbilisi , type = Joint Stock Company , traded_as = , industry ...

, Mamuka Khazaradze's Georgian Redevelopment Company is behind the project, while architectural firm Andropogon did the master plan and site design. Phase One of Green Lisi Town opened in 2011. As of 2012, the American Academy in Tbilisi (GZAAT) is under construction in Green Lisi Town. Current plans for the redevelopment of the area date to 2007, when a group led by Mamuka Khazaradze outbid a group of Israeli investors by offering US$182 million for 354 hectares of land. Conditions of the deal with the government required Khazaradze's group to spend US$30 million on public utilities upgrades in the area and on a system to provide badly needed fresh water to the lake. Khazaradze's group balked at the conditions of the deal and ended up, under questionable circumstances, purchasing the land directly from the city for US$55 million – a savings of US$127 million from the original bidding against the Israeli group. All requirements to improve the ecology of the local area have been dropped, and the only conditions now in place regarding development in this area is the requirement for yet more for-profit housing.OCCRP Report
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References

{{Reflist New Urbanism communities Mixed-use developments in Georgia (country) Geography of Tbilisi

History

See also

References