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Modern Residence

Batumi
Vazha-Pshavela St, 53
2 houses are under construction, next delivery in Q2 2025 
Developer’s apartments
from ‍203 621 ₾
Price per m2
from ‍3 827 ₾
$
Developer
Victoria Roshchina
Victoria Roshchina
Korter Real Estate Consultant
Korter consultant

Layouts and prices for Modern Residence

Prices and availability are up to date as of 18 мая 2025. Please check with your consultant for the most accurate information.
Studios
36.4–49.5 m2
from ‍6 561 ₾ per m2from ‍238 834 ₾
Apartments
102.9–103.2 m2
from ‍3 827 ₾ per m2from ‍393 847 ₾
2-room
44.3–137.3 m2
from ‍3 827 ₾ per m2from ‍203 621 ₾
3-room
85.5–115.6 m2
from ‍4 237 ₾ per m2from ‍414 433 ₾
4-room
109.8 m2
from ‍4 237 ₾ per m2from ‍465 284 ₾
View 47 resale apartments

Modern Residence on the map of Batumi

Project houses

Total 2 houses
Vazha-Pshavela St, 53
Block 1
16 floors
Under construction
Start in Q4 2022
Completion in Q2 2025
7 apartments for sale
from ‍203 621 ₾
Vazha-Pshavela St, 53
Block 2
16 floors
Under construction
Start in Q4 2022
Completion in Q2 2025
8 apartments for sale
from ‍238 834 ₾

Construction progress Modern Residence

We take photos of complex from same spots, to show real status and dynamics of development.

The latest update — апрель 2025

Construction progress Modern Residence - Spot 1, апрель 2025
Spot 1
май 2023апрель 2025
Construction progress Modern Residence - Spot 2, апрель 2025
Spot 2
декабрь 2022апрель 2025
Construction progress Modern Residence - Spot 3, апрель 2025
Spot 3
июль 2023апрель 2025
Construction progress Modern Residence - Spot 4, апрель 2025
Spot 4
декабрь 2022апрель 2025
Construction progress Modern Residence - Spot 5, апрель 2025
Spot 5
январь 2024апрель 2025

Installment in Modern Residence

30%
down
payment
up to 1 year 6 month
loan
term

Mortgage in Modern Residence

Please note that all calculations provided are approximate. For the final figures, we recommend consulting with both the bank and the developer
Studio
2
3
4+
GEL
USD
You borrow ‍173 078 ₾ from the bank
years
months
Mortgage from TBC Bank
from
12,9
%
interest
rate
from
15,02
%
effective interest
rate
15 451
payment for
month
215 955
total for real
estate
The provided Nominal and Effect Interest Rates represent the minimum credit facility amount. The actual values will be specified at the time of credit approval. The interest rate given in the table is linked to the public index — TIBR1M. An additional fee for life/property insurance is added to the monthly payment.

Project characteristics

О доме

🟧 Number of buildings2
🟧 Number of floors16
🟧 Construction technologymonolithic-frame
🟧 Cadastral number05.28.03.042
🟧 Distance to the seaside1200 m
🟧 Elevatorelevator Kleemann
🟧 Parkingunderground parking, ground level parking
🟧 Security & Safety24/7 security, CCTV, reception

About the units

🟧 Apartment renovationblack frame, white frame, repaired, turn key
🟧 Apartments area31,5–137,3 m2
🟧 Number of apartments157
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Information about the project

Modern Residence is a sleek, contemporary residential complex in the heart of Batumi, designed to offer ideal conditions for both full-time living and generating passive rental income.

Key advantages:

  • prime central location;
  • stylish modern design;
  • high level of security;
  • solar-powered energy backup;
  • flexible, open-concept layouts;
  • individual heating systems;
  • panoramic sea views;
  • strong investment potential;
  • on-site property management;
  • trusted, experienced developer.

Location

Modern Residence is located in Batumi’s historic Old Town, at 55 Vazha-Pshavela Street. The complex is just 850 meters from the Black Sea and is surrounded by upscale new developments and well-established city infrastructure.

Local amenities

The neighborhood offers a wide range of services and conveniences, all within walking distance:

  • schools and kindergartens: Kindergarten No. 3 and 4, Public Schools No. 2, 3, and 4;
  • medical services: Clinic Health Hospital, Evex Medical Corporation, oncology centers, dental clinics, pharmacies;
  • retail: Carrefour, Spar, Nikora, Elite Market, mini-markets, pet stores, clothing and electronics shops;
  • dining: Georgian, Turkish, and Indian restaurants, bakeries, cafés, bars;
  • recreation: Batumi Boulevard, the cable car, zoo, 6 May Park, Batumi Archaeological Museum;
  • religious sites: Dormition Cathedral;
  • additional services: banks, post offices, salons, and more.

Architecture

Modern Residence consists of two 16-story premium-class towers, built using earthquake-resistant monolithic frame technology and the advanced Doka Dek system. The buildings are insulated with Alucobond materials for superior thermal and sound protection. All construction complies with the latest regulations and European standards.

The modern design includes ventilated façades finished with Reynobond energy-efficient aluminum panels, open balconies, and high-quality metal-plastic windows. Both buildings feature usable rooftops with private terraces.

The complex is also equipped with a state-of-the-art fire safety system and solar panels for sustainable energy use.

On-site infrastructure

The grounds are landscaped and greened for a pleasant living environment. Security is ensured with 24/7 video surveillance and a dedicated security team. Outdoor areas include a children’s playground and a sports zone.

There is a modern underground parking garage with 40 spaces, along with additional surface-level guest parking.

Each building’s upscale lobby includes a 24/7 reception area and German-made Kleemann elevators for smooth, quiet operation.

An on-site property management company provides full support, including:

  • tourist and concierge services;
  • cleaning and maintenance;
  • plumbing and electrical assistance;
  • airport transfers;
  • support for renting or selling your apartment.

Transport connectivity

The complex is in a prime location with excellent transport access. Chavchavadze Street, one of Batumi’s main roads, is just minutes away and connects to all areas of the city and surrounding suburbs.

A public transport stop is a 7-minute walk from the complex. Europe Square is a 5-minute drive, and Batumi International Airport is only 15 minutes away by car.

Apartments

Modern Residence offers studios and 1-, 2-, and 3-bedroom apartments ranging from 31.5 to 137.3 m². Both classic and open-plan layouts are available, allowing residents to customize the space to their lifestyle.

Units are sold in black frame, white frame, or fully finished "turnkey" condition. Each apartment includes a balcony. Fully finished interiors are designed by the renowned design studio EXCLUSIVE.

Standard features include:

  • installation of all utilities (gas, water, sewage, electricity);
  • individual heating system;
  • ventilation system;
  • kömmerling metal-plastic windows and doors;
  • 120 kg reinforced steel entrance doors;
  • smart home system installation.

The complex includes a total of 157 apartments.

About the developer

Modern Residence is developed by Elit Msheni, a Georgian construction company operating since 2015. The company provides a full development cycle — from project design to final delivery — and has successfully completed multiple residential projects across the country.

For more information about Modern Residence and current prices, visit the official website of the developer.

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Which apartments are available for sale in Modern Residence in Batumi?

How much does a m² cost in Modern Residence?

The price per m² in this complex starts from ‍3 827 ₾.

How to buy an apartment in Modern Residence in Batumi?

In this complex you can buy apartments with Mortgage from TBC Bank, Installment terms.

When will Modern Residence be commissioned?

Block 1, Block 2 – completion in Q2 2025.