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Your Dedicated Partner

In Development

Guiding You Towards Unprecedented Success with Proven Strategies

Main Partners

We collaborate with leading industry partners to ensure the highest standards in every project. Our strong network of trusted companies enhances the quality, innovation, and efficiency of our developments.

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HIF Yerevan 2025

The forum will serve as a central platform for industry professionals and investors interested in global trends and investment opportunities in Armenia's hospitality sector, as well as prospects for collaboration with international hotel operators.

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About

STONE DEVELOPMENT is a team of professionals successfully implementing investment projects in the commercial and residential real estate sectors, managing all stages of the project lifecycle—from developing an optimal concept to managing the completed property. Combining our own professional expertise, modern trends, and partnerships with leading companies allows us to create high-quality and ergonomic products.

In addition to implementing our own projects, the  company offers professional development project management services to investors, landowners, and property owners.

1

Strategy

STRATEGY

We are developing strategies and concepts, conducting research, and creating master plans to guide successful project execution.

  • Market research and territorial potential analysis

  • Master planning and concept development

  • Highest and best use analysis for real estate assets

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2

Marketing & Branding

BRAND IDENTITY

We are developing comprehensive marketing strategies, creating impactful branding, and managing communications to effectively engage our target audience.

  • Development of marketing strategies and promotion plans

  • Brand creation and positioning of real estate projects

  • Communication strategies to enhance investment appeal

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3

Architectural Concepts

ARCHITECTURAL AND DESIGN CONCEPTS

We are developing architectural and design concepts that align with the project's vision and functional requirements.

  • Architectural design and conceptual development

  • Coordination of design projects

  • Ensuring architectural alignment with project goals

Layers

4

Finance

FINANCIAL MODELS, INVESTMENT PROJECTS

We are developing financial models and designing investment projects to support strategic growth and decision-making.

  • Financial modeling for real estate development

  • Structuring investment proposals

  • Investment sourcing and transaction support

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5

Project Management

ARCHITECTURAL AND DESIGN CONCEPTS

We are in the process of developing a comprehensive management model and providing support for its effective implementation across the organization.

  • Development of efficient project management models

  • Comprehensive support throughout all stages of project implementation

  • Coordination of stakeholders, contractors, and operators

Paint Strokes

Industries

Hotel

Residence

Apartment Complex

Commercial Real Estate

Our Expertise

Stone Development provides comprehensive solutions in real estate development, architecture, financial modeling, and project management.

Development

CUSHMAN & WAKEFIELD
VERITAS

Stone Development is the preferred partner of Cushman & Wakefield | Veritas in Armenia.

Cushman & Wakefield | Veritas is a leading real estate services firm in the Caucasus region that delivers exceptional value for real estate investors, tenants, occupiers, and owners. 

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Tourism Infrastructure

1

Tourism

TOURISM INFRASTRUCTURE

Creation and development of hotel and tourism infrastructure projects:

  • Concept development for tourism and hospitality assets

  • Involvement of international hotel operators

  • Investment structuring and capital raising

  • Operational audits and performance optimization

  • Asset management and operational support

Black Marble

Fee Developer Services

Stone Development acts as an external developer, delivering projects on behalf of investors or landowners on a fee basis.

Scope of Fee Developer Services

1

Project Organization

PROJECT ORGANIZATION

  • Highest and best use analysis of real estate assets

  • Concept development and implementation strategy

  • Project risk analysis and risk mitigation planning

  • Project financing sourcing

  • Development of project implementation schedules

  • Preparation of urban planning documentation

  • Determination of technical and economic project indicators

  • Preliminary project proposal development

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2

Design Phase

DESIGN

  • Organization of architectural and technical design

  • Coordination of design documentation as a general designer

  • Obtaining positive state expert reviews

  • Securing technical specifications and utility connection agreements

  • Obtaining construction permits

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3

Construction & Handover

CONSTRUCTION & HANDOVER

  • Organization of tenders and selection of general contractors

  • Monitoring of project timelines, quality standards, and budgets

  • Handover to state acceptance commissions

  • Registration of legal ownership rights

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Stone Development

PARZ BLOUR, DILIJAN

Stone Development
Stone Development

HOSPITAL, AYGEDZOR

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Stone Development
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MAYRI, DILIJAN

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Gallery

Stone Development

INSTONE, DILIJAN

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Stone Development
Stone Development

STONEHILL, YEREVAN

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Stone Development

Our Partners

We believe every client is a valuable, long-term partner.

Stone Development

LAVAN, SEVAN

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Stone Development

WE ARE
STONE IMPACT
DEVELOPMENT

MISSION
Our mission is to shape liveable spaces that serve the needs of those who build the future. Our dream is to make Armenia an alluring destination for harmonious living, fostering creativity and adding value for years to come.

VISION
We see ourselves as a capstone joining together the efforts of like-minded industry partners to meet and harmonise the expectations of investors, end-users, and communities that host our projects. Embracing the finest industry practices while establishing our own sustainable development standards, we remain committed to the main objective: enhancing the quality of the liveable environment.

We aim to set new benchmarks, stone by stone.

Projects

Guiding You Towards Unprecedented Success with Proven Strategies

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