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

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

Podgorica not only is the capital, but it's the largest city in the country, with four miles of coastline on the Adriatic Sea and within kilometers of major ski resorts on its northern border. "We believe Montenegro has great potential for investment and we are very pleased to be working with such reputable partners on this key project," says Jassim al Siddiqui, investment manager for Dubai-based Capital Investment.