A new life for an abandoned building
The historic building dates back from 1935, when the American company Ford was manufacturing luxury cars in Bucharest. Under the new development, it will be carefully restored and transformed in a new product for the Romanian market: a food hall and a concept store, with different type of restaurants and services: cooking, gardening and bakery classes, events for kids and family. To respect the heritage of the property, the investor will use for the interior design vintage Ford models, some of them produced in the inter-war years at Bucharest.
- Consumer interest in food is a long-term trend – it’s here to stay
- Eating out is set to increase in many European countries
- Demand will come from tourists, office workers and local residents
- Diners are looking for unique experiences and plenty of choice
- Food offers will need to change regularly to remain current
- Top quality, ethically-sourced food with a clear provenance is non-negotiable
- Food Halls are likely to become integrated into wider developments, including shopping centres, public realm improvements and transport hubs
WHAT’S NEXT: Buildings with potential
Bucharest still has potential historic properties suitable for redevelopment and conversion into modern, urban, hip products.
One such place is Moara lui Assan (Assan Mill), a large property on 4.7-hectare plot, ideally placed in a central position, close to Obor metro station.
Moara lui Assan has a reach history: it was built in 1835 and was Romania’s first steam mill. The plant functioned for almost 100 years and constantly benefited from industrial upgrades due to the owner’s futuristic leadership.
In 1948, when the communist regime came in place, the factory was nationalized. After 1990, the factory came again in private property but suffered severe degradation and destruction.