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Belgrade Waterfront, known in Serbian as Belgrade on Water (Београд на води / Beograd na vodi), is an urban renewal development project headed by the Government of Serbia aimed at improving Belgrade's cityscape and economy by revitalizing the Sava amphitheater, a neglected stretch of land on the right bank of the Sava river, between the Belgrade Fair and Branko's bridge. It was started in 2014 with the reconstruction of the Belgrade Cooperative building, which was finished in June of the same year. It is the second largest mixed use complex under construction in Europe, just after Minsk Mir (Minsk World) worth 3.5 billion dollars. It will have 6.000 apartments, seven hotels including W Hotel and St Regis, 2000 offices, largest shopping mall in South East Europe and other public buildings like libraries, kinder gardens and museums.
It was announced on 15 March 2015 that the Phase I apartments in BW Residences, a premium riverside residential development, will be launched for sale. These two towers will each have around 20 floors, consisting of 296 apartment units, and construction started in October 2015.
The project was initiated in 2014 between the Government of Serbia and Eagle Hills, a leading Abu Dhabi-based private investment and development company that is focused on the creation of new city hubs in high-growth international markets. Around €3.5 billion will be invested by the Serbian government and their Emirati partners. The project includes office and luxury apartment buildings, Belgrade Park, Sava Promenada, five-star hotels, Belgrade Mall and Belgrade Tower, which will be the home to Serbia's first St Regis Hotel & St Regis Residences. Standing at 168 metres (551 ft), this building is designed by the architectural firm, Skidmore, Owings & Merrill.
