Established in 1869, the Solventul Timișoara factory produced alcohol and solvents and employed over 3,000 people during the communist era. The plant was a key industrial pillar of Timișoara and a driver of the regional economy before operations ceased in 1998.
"The Solventul platform has the potential to become a benchmark for urban regeneration, not just for Timișoara but for the entire region. We will create a vibrant space where the local community can enjoy a higher quality of life, featuring residential areas, workspaces, and meeting places, all while preserving local traditions," stated Carmen-Adriana Oțelea, CEO, Reuben Brothers.
In the first phase, Nhood Romania will develop the project's Master Plan, beginning with a comprehensive analysis of the area and defining a long-term architectural vision. The plan will integrate connections with the city's infrastructure, including the future road link to the Timișoara bypass.
"This mandate represents a unique opportunity to complement Timisoara's urban identity with an project. We will integrate principles of mixed-use development, sustainable mobility, and public space hierarchy to offer an urban regeneration model that will remain relevant for future generations," stated Ruxandra Dragomir, Head of Development, Nhood Romania.