The buildings are located along the waterfront at Nøstet, very centrally in Bergen city center. The project includes the construction three apartment buildings with an underlying garage. The establishment of outdoor areas and a new quay promenade is also included in the agreement. Additionally, a new kindergarten is planned in one of the buildings. The project aims to transform the historic district from a rundown industrial area into an attractive area with squares, playgrounds, and a new public quay promenade designed to increase access to the sea for the city’s residents. The site is currently undergoing the dismantling of existing buildings for reuse and recycling under a separate contract with Nøstegaten 72-74 AS.

The project is scheduled to start in the first quarter of 2025 and be completed in the third quarter of 2027. The start of the project is conditional on sufficient pre-sales.