Located at Lot 14D, Nguyen Tat Thanh street, Cam Ranh peninsula, Khanh Hoa province, The Arena is built on a total area of 29ha with 4 buildings providing nearly 4,500 apartments.
This will make The Arena one of the largest condotel complexes in Vietnam when it is completed in late 2019. Hoa Binh Green Da Nang which has been put into operation with a total of 1,824 hotel rooms, is currently the largest.
According to the investor, the project will have tourism, recreation, entertainment and commercial functions. A key highlight will be a central square with diameter of 150 meters and circumference of 471 meters. There will be a grandstand like an open-air cinema designed with 5,000 seats.
The Arena also has other unique features such as the first walking street in Khanh Hoa with two unique dining and art areas along with the entertainment facilities such as with three-floor swimming pool, luxury marina, hot mineral pool, seafood market, sky-bar, etc.
The Arena is invested by Tran Thai Cam Ranh Joint Stock Company which is owned Nha Trang Bay Investment Construction Joint Stock Company.
Nha Trang Bay is the investor of the Panorama Nha Trang project, where there has been a tense confrontation between Nha Trang Bay and Coteccons Construction JSC, the contractor of the project.
Coteccons accused Nha Trang Bay of violating the general contract when Nha Trang Bay proposed to raise the project building by more four stories and signed the mechanical engineering contract with other contractor. Nha Trang Bay has rejected all of Coteccons' allegations, claiming that the contractor has violated the terms of the contract.
Although Nha Trang Bay and Coteccons announced the termination of their contract, but the two parties have not agreed on the amount that Coteccons required Nha Trang Bay to pay up to VND120 billion (US$5.3 million).