City One Development is a Ukrainian investment and development company headquartered in or near Kyiv. The company traces its roots to the early 2000s and was formally established under its current brand in 2010. With over 15 years of experience, City One Development has focused on large-scale residential, industrial, and infrastructure projects. The company claims to have a portfolio that spans both new construction and the revitalization of urban spaces.
A defining feature of City One Development is its involvement in significant industrial investments, such as the creation of new float glass manufacturing plants. In 2022, amid a period of heightened national instability, City One Development began building its first float glass plant in Berezan, Kyiv region, projected to produce 600 tons of glass daily, with an overall project value of $140 million. In late 2024, construction began on a second facility in Kalush, in the Ivano-Frankivsk region. These projects are developed within specialized industrial parks and mark a new phase for the company’s expansion into manufacturing and materials. The first plant is expected to be operational by 2027, with the second following in 2028.
Another prominent project from City One Development includes the Lipki Island City Resort in central Kyiv, an urban regeneration effort blending residential, leisure, and community functions. The company’s president is Valerii Kodetskyi, who has publicly emphasized City One’s focus on attracting foreign investment and supporting the local economy through job creation and technology transfer.