Luštica Development A.D. is developing a fully integrated, self-sufficient luxury tourist destination at the idyllic Trašte Bay on the Montenegrin Adriatic coast. With 6.9 million sqm of available land, it is closely located to three international airports at just 10 km from Tivat, 46 km from Dubrovnik and 90 km from Podgorica. The Group concluded the lease and development agreement with the Government of Montenegro and the Municipality of Tivat on the 23rd of October 2009.
ODH’s aspiration is to create a distinct community at Luštica Bay, where residents can create a home around the life they want to live within a self-sufficient and extraordinary setting. Combining Montenegro’s beauty and culture with ODH’s experience of cultivating environmentally centred luxury residential living, it provides a foundation that will grow organically.
Luštica Bay is set to become a sustainable, fully integrated, state-of-the-art town. Designed to blend seamlessly into its surroundings, it will become a permanent home to a few thousand residents. Comprising a variety of residential offerings, hotels and lifestyle facilities and offering tranquillity, privacy, discovery and adventure, Luštica Bay will be a secluded oasis and a gateway to the rest of Montenegro.
The integrated project is planned to offer residential units, 7 world-class hotels, 2 marinas with mooring and docking support facilities on the Adriatic Sea, an 18-hole golf course with club house, commercial facilities, a town center, basic infrastructure requirements and many other amenities.
Construction started in September 2013 and at this stage the first four residential clusters (26 buildings comprising about 160 apartments) have been fully finished and delivered to their owners. After four years Lustica Bay is now a live and growing integrated new town project.