Romanian businessman Ion Țiriac intends to demolish the villa owned by his son, Ion Ion Țiriac, located on the shore of Lake Tei in Bucharest. In its place, he plans to construct a 127-unit luxury apartment tower. The project requires an estimated investment of approximately 62 million euros. According to documents analyzed by Profit.ro, the plan involves replacing the existing residential property with a high-end development. This new tower will cater to the premium real estate market. The move signifies a significant investment and redevelopment effort in the area surrounding Lake Tei. Further details regarding the project are available on Profit.ro.