VNRE - Capital Square project located in the eastern of the Han River bridge, Son Tra district, Danang City.
According to the plan has been approved by the Da Nang People's Committee, Capital Square has total area of 8.65 hectares divided into 3 sub-projects as Capital Square 1, Capital Square 2 and Capital Squarel 3. In particular, Capital Square 1 has area of 2.5 hectares, building density 45%, its includes 6 apartment blocks and 1 hotel block with the height from 27-32 storeys.
Currently, in Capital Square 1, VinaCapital built a apartment block named Azura Tower (34 storeys and 1 basement ) on land area 4.391m2. On the remaining area (approximately 2 ha), Vinacapital and Vingroup will build a commercial center (7 storeys, 2 basements) and a complex tower including hotel and apartment (32 storeys, 2 basements).
Total investment of the project is about 2,000 billion VND. It is expected that the project will begin deployment in June 2014 and the first item commercial center will open in early 2016.