This is a real estate development project with 3 phases; 1st phase “Sahilpark Residences,” 2nd “The Istanbul Veliefendi Residences,” and 3rd “The Istanbul Residence,’’ tendered by KIPTAŞ (Istanbul Residence Development Plan Tour. Transport Industry and Trade, Inc.). YDA Construction Industry and Trade, Inc. (75%) and Kuruluş Construction and Foreign Trade Co., Ltd. (25%) have jointly undertaken the project. The project was completed in 2015 and a mosque was donated in June 2016.
The contract covered 661 residential units, 24 shops and a closed parking lot for the Sahilpark Residences; 486 residential units, 34 street-facing shops, a social facility, a closed parking lot, indoor and outdoor swimming pools and sports areas for The Istanbul Veliefendi Residences; and 358 residential units, 12 shops, a social facility and a closed parking lot for The Istanbul Residence.