The Parallel carries a B investment grade. Projected rent is about $6,090 a year after taxes and maintenance costs, implying simple payback of roughly 10.5 years once the apartment is let. The Heroes Alley location, with a park and school close by, is its clearest advantage. Delivery is indicated for 2027, so the rental period starts only after handover.
Overview
Key benefits: 500m to the sea. Two 35-storey towers. 14 penthouses available. Underground parking.
Location: 19-23 Tbel Abuseridze St, Batumi. Near Heroes Alley, Dancing Fountains, House of Justice, 10 min from airport.
Tech: Monolithic-frame. Brick exterior walls. Floor-to-ceiling panoramic windows. Open balconies with tempered glass railings.
Amenities: Landscaped courtyard, walking paths, multi-level outdoor lighting, underground parking, 24/7 security, concierge service.
Units: Studios, 1-3-bedroom apartments (32.5–184.3 m²). Black frame finish.
Purchase terms: Mortgage from TBC Bank. Installment plans from 15% down.
Project details
Finish options
Construction technology
Elevators
Parking
Security & Safety
Utilities
Infrastructure
Heroes Alley District: Batumi’s Modern Residential and Business Center
Heroes Alley is one of Batumi’s most rapidly developing central areas, centered around Zhiuli Shartava Avenue and the surrounding streets. The area features modern high-rise residential complexes, commercial spaces, sports facilities, and other urban amenities. Located between Batumi’s historic center and the southern part of the city, the district combines convenient access to the seafront with well-developed urban infrastructure.
Advantages: modern development and a wide selection of new residential complexes; a convenient location in relation to the city center, New Boulevard, and major urban roads; shops, supermarkets, cafés, schools, and other everyday services are located nearby. The district is also home to a major football stadium, while the seafront and beach are within walking distance from many parts of the area. Heroes Alley is developing as a business and commercial hub as well, helping maintain activity throughout the year rather than only during the summer season.
What to consider: the area is still undergoing active development, so construction work may be taking place near some residential complexes. Main roads can experience heavier traffic and increased noise levels during peak hours. The density of high-rise development is gradually increasing, so buyers should consider the location of neighboring and planned projects, as these may affect future views from an apartment.
✅ Who it suits: buyers who want to live in a modern part of Batumi close to the city center and the sea; investors considering property for long-term or short-term rental; families and professionals who value well-developed urban infrastructure; and buyers who prefer new residential complexes in a rapidly developing part of the city.
Nearby travel times
The Parallel
Batumi, Heroes Alley, Tbel Abuseridze St, 19-23
Financing
Bank
TBC Bank
Terms
Mortgage available; down payment from 15%
Provider
Metropol
Terms
Installment available