Silk Towers
Silk Development (Silk Road Group) Old Batumi seafront
Under construction Announced completion: 2029
A mixed-use complex of three towers with podiums on the Old Batumi seafront, next to the Ali and Nino statue and the Alphabet Tower, designed with the Japanese studio Kengo Kuma & Associates. Its first tower, of 42 floors, is due in 2029.
Key facts
- Developer
- Silk Development, part of Silk Road Group
- Architect
- Kengo Kuma & Associates, its first project in Georgia
- Location
- Old Batumi seafront, next to Ali and Nino and the Alphabet Tower
- Size
- Three towers with podiums; first tower of 42 floors
- Announced investment
- About $630–700 million, according to the developer
- Status
- Under construction
- Announced completion
- First tower: 2029
- Format
- Sold as investment units with rental management, according to listings
Timeline
- September 2025
A new municipal park opens as the first stage of the project.
- March 2026
Presented at MIPIM in Cannes, nominated in the mixed-use category.
- 2029
Announced completion of the first tower.
What to check
- Listings present the units with professional rental management: ask how they are registered, because a hotel-type unit rented in the two years before sale is taxed at 20% on the gain.
- Only the first tower has a published date; ask which tower your unit is in.
- Prices differ widely by floor and view: compare the price per m² with the Old Batumi average.
The developer
Silk Development is the property arm of Silk Road Group. Its portfolio includes Radisson hotels in Tbilisi and Batumi and Park Hotel Tsinandali. In Batumi, its Green Cape Botanico project has three delivered buildings.
This guide is independent: no developer pays to appear here.
Sources
Checked against the sources below in November 2026.
- Entrepreneur Georgia — Silk Towers construction progress, 2026
- Entrepreneur Georgia — Silk Towers at MIPIM 2026
- Entrepreneur Georgia — municipal park, first stage; about $700 million investment
- Silk Real Estate — Silk Towers, $630 million project
- New London Architecture — status and 2029 completion (updated 24 Feb 2026)
- Realting — Silk Towers listings, 42-storey first tower, prices per m² (7 Aug 2026)
- Korter — Green Cape Botanico, 3 buildings delivered
This guide is general information, not legal or tax advice. Rules and fees change: confirm your case with a lawyer or accountant in Georgia.
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