Romania-based investor and developer One United Properties has announced that restoration work is underway on the former Ford Hall in Bucharest.
The former Ford factory, part of the One Floreasca City development, was the first Ford assembly line in Eastern Europe, operational since 1936.
Acquired by One United Properties in 2022, the building’s restoration aims to reintroduce it as a public space within the One Floreasca City multifunctional development.
The project, named One Gallery, has a gross development value (GDV) estimated at €100m ($110.59m).
One United Properties co-founder and co-CEO Andrei Diaconescu said: “The restoration of the former Ford factory is a particularly valuable development for the city, for the legacy of its history and for the future opportunities it creates.
“We aim to bring this urban landmark back to life and transform it into a modern commercial space, a true contemporary agora that will enliven cultural and social life, just as we see in major European capitals. Our stated goal is to be involved in the revitalisation of the neighbourhoods in which we build, providing amenities and benefits for the entire community.”
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By GlobalDataIt will feature modern offices, a food market concept, and a museum area.
The restoration of the former Ford Hall will see the introduction of a skylight on the first floor, creating a range of bright spaces for offices, cultural activities, and leisure.
It will have a multifunctional hall for theatre, cultural events, concerts, and conferences.
The museum will display time-period documents, archive photos, and the only vintage car assembled in the former factory that remains in Europe.
An Auchan supermarket concept store, a food market, and office space will be situated on the first floor.
A partnership with Tomcat Hospitality will bring a modern food market to One Gallery, featuring 47 operators under one roof.
Completion is expected to be in the third quarter (Q3) of 2025.
