The name Złota 44 comes from the building's address - Złota Street. It is located next to the Palace of Culture and Science, the tallest building in Poland, and the Złote Tarasyshopping center. At 192 meters tall, Złota 44 is the sixth tallest skyscraper in Warsaw. Złota 44 is one of the tallest residential buildings in Poland and the European Union. It is a luxury 52-story skyscraper reaching a height of 192 meters and containing 287 apartments. All apartments will be equipped with the home management system, which facilitates control of the air conditioning, roller blinds, heating, illumination and allows the possibility of placing online orders from restaurants or other service. All residents will receive a security card, which allows them to reach only the floor where their apartment is. Residents have access to a wine cellar which accommodates up to 10,000 bottles and includes a tasting room. In addition to a 25-meter swimming pool the recreational floor has, a Jacuzzi, massage rooms, a Finnish sauna, a steam room and an outdoor terrace. The floor features a private cinema with a golf simulator, a playroom for children and conference rooms. A dedicated concierge is at the disposal of residents.
Apartments
The apartments will be located from the 9th to the 52nd floors. Fully finished apartments will be offered in nine interior design variants. There will be four kinds of apartments depending on their size: one-bedroom units, medium-sized units, larger apartments and penthouses. On 16 April 2015, the sale of apartments was officially resumed. Depending on the location, size, layout and finishing standard, the price per square meter ranges from 24,000 PLN to 40,000 PLN.
History
Due to the financial problems of the developer, the invalidation of the construction permit and conflicts with the inhabitants of the surrounding buildings, construction was put on hold in 2009, but resumed in January 2011. On 3 February 2012, the building was topped out. In December 2013, ORCO terminated its contract with the general construction contractor Inso. As of the end of 2013, investment was called by ORCO a "major financial failure for the Group in the fall of 2013". ORCO announced a €121 million write-down of the value of the building. The company went on to announce its intention to sell it as fast as possible. One of the banks financing the construction terminated its contract and wanted the loan refunded. The developer also disclosed that the high prices of apartments were artificially inflated to generate media coverage. On 28 August 2014, the sale of Złota 44 was finalized. The building was sold from ORCO to Amstar and BBI Development for €50 million, which was a small fraction of its construction cost, estimated at 700 million PLN.
