Palas Iași

 

In the middle of the city, under the coat of arms of the Palace of Culture, IULIUS has developed Palas Iași, a premiering project designed to pay homage to the iconic building and as an economic and social boost for the entire region. Palas Iași is the first mixed-use project developed in Romania and it has added the western valences of the lifestyle concept to the development of a region with major, yet insufficiently capitalized potential.

 

Palas Iași is synonymous with a cosmopolitan lifestyle. This is the place where time takes on a different dimension, as it integrates everything that is required in the everyday life. An effervescent space, with an abundance of experiences that bring people together, where you come to the office and find your inspiration while enjoying a cup of coffee in the park, where you have access to international brands, as well as to cultural events. A place that makes life easier, brings people together and creates new horizons.

 

Opened in 2012, Palas project remains the only urban regeneration project of such magnitude in the north-east of Romania. The investment committed to the Palas Iași project currently adds up to more than 310 million Euro. The development continues via Palas Campus, a mixed-use project in itself pending construction nearby, transforming an underdeveloped area in downtown Iași into a business district.

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About Palas Iași:

 

• Palas Mall & Palas Shopping Street * more than 62,000 sqm * 270 stores

• The largest food court in the east Romania *more than 25 restaurants offering international cuisine

• 5 event halls * up to 1,200 participants

• Park * Venetian carousel * lake * kiosk * archeological vestiges of the household of the Royal Court * event squares * skating rink

• 7 class A office buildings * 75,600 sqm * 50 companies * 8,000 employees

• Outdoor amphitheater * 460 seats

• The largest underground parking lot in Romania * more than 2,500 parking places

• TripAdvisor® “Certificate of Excellence”

• Guinness World Records® certified world record for “Most Sky Lanterns Flown Simultaneously” – 12,740 sky lanterns flown simultaneously, on the occasion of the grand opening in June 2012

• Guinness World Records® certified world record for “Largest Gathering of People Dressed as Santa’s Elves” – 1,073 persons dressed as Santa’s elves, December 2013

 

About Palas Campus – pending development

 

• Investment in the amount of 120 million Euro

• 60,000 sqm

• Outdoor coworking spaces

• Medical hub

• A new food market concept – coffee shops and restaurants

• Services area

• Park and leisure spaces – upwards of 4,500 sqm

• Investments committed to modernizing the infrastructure and connectivity * a new arterial road and widening five adjacent streets * public transit station

• Underground parking lot * 625 parking places

• Bike lanes * 500 bike parking places

• Electric vehicles (EV) facilities