Silk Towers
SilkCenter
9.20 / 10
AI ranking score · #1 of 14
Why it ranks #1 of 14
- Strongest area: location (10.0 / 10).
- Weakest area: financial terms (6.5 / 10).
- Starting price of $3,654 per m² is 23% above the median of all ranked projects ($2,961).
- Completion is planned for Dec 2029, and the project is on track.
- Projected return of 8-12% a year, against a median of 10.0% across the ranked projects.
- 100 m from the sea.
Developer score 9/10, +0.5 on track
Owner-provided editorial assessment · 4 November 2026
Owner-provided editorial assessment · 4 November 2026
Owner-provided editorial assessment · 4 November 2026
High confidenceNo source-data inputs are marked as estimates.3 category ratings are owner-provided editorial assessments.
Key facts
- Construction
- Under construction
- Schedule
- On Track
- Completion
- Dec 2029
- Earlier target (unverified)
- Dec 2029
- Delivery condition
- Renovated (Finished and furnished)
- Building permit
- Approval disputed
- Zone
- Center
- Distance to sea
- 100 m
- Floors
- 40
- Total units
- 1,156
- Hotel brand
- Yes (name not given)
- Management
- Silk Hospitality
- Pool
- Yes
- Spa
- Yes
- Restaurants
- 5
- Parking
- 400
20% down, 80% in installments over 44 months
- Down payment
- 20%
- Installments
- 80%
- Installment period
- 44 months
- At handover
- 0%
- Projected return
- 8-12%
- Rental income split
- 40% operator / 60% owner
Approval disputed. GYLA reported a challenge to issued Batumi Riviera / Silk Tower permissions on 9 September 2020. Current validity and the case outcome were not verified.
Construction approval
Reviewed 5 November 2026 · Building-specific approval
Approval disputed
GYLA's September 2020 report discusses a challenge to issued Batumi Riviera / Silk Tower permissions. A disputed issued permit is not equivalent to No approval. The current permit's validity and the case outcome were not independently established.
Where this information comes from
The information about Silk Towers is compiled from the public sources below: developer announcements, official news, property portals and press coverage. Last reviewed 2 November 2026. Prices and terms change often, so check them with the developer before you decide.
- Neginski: Silk Towers project pageListingneginski.com(opens in a new tab)
- New London Architecture: Silk TowersIndustrynla.london(opens in a new tab)
- Business Insider Georgia: Silk Towers at MIPIM 2026Newsbusinessinsider.ge(opens in a new tab)
- Realting: Silk Towers listingListingrealting.com(opens in a new tab)
- Korter: Silk Development profileListingkorter.ge(opens in a new tab)
- GYLA: legal case on the construction permitOfficialgyla.ge(opens in a new tab)
Scores use public information and labelled editorial assessments. This project includes owner-provided category ratings, identified in the score breakdown. How the ranking works · Disclaimer
Next to it in the ranking
Silk Towersfrom $94.8K