Colliers International Montenegro will be marketing AtlasCapital Center, which has been designed with 307,312 sf [28,550 m2]of office, 149,619 sf [13,900 m2] of retail, 90 residential unitsand a 1,112-space parking garage. The development site alongCetinjski Road is considered to be one of, if not the, mostsought-after areas for businesses and residences alike due to itsDowntown proximity. The all-in development cost isn't available,but the co-developers last June signed a joint venture deal toinvest more than 200 million Euro into the project. Completion ispenciled for 2010.

"This is a major project for the future of Podgorica and anextremely exciting one for us commercially. We believe it will be ahuge success," Andreas Marambos, managing director for ColliersInternational Montenegro, says in a press release. Mladen Krekic isthe project architect; Atlas Centar is the general contractor.

Podgorica not only is the capital, but it's the largest city inthe country, with four miles of coastline on the Adriatic Sea andwithin kilometers of major ski resorts on its northern border. "Webelieve Montenegro has great potential for investment and we arevery pleased to be working with such reputable partners on this keyproject," says Jassim al Siddiqui, investment manager forDubai-based Capital Investment.

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