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Stolny Grad to Develop 5M-SF Mixed-Use Complex

MOSCOW-The three-year development will include 1.8 million sf of office and 800,000 sf of retail. Design work is being handled by Swanke Hayden Connell Architects.

By Brian K. Miller | Updated on December 14, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

MOSCOW-Russian developer Stolny Grad will break ground late next year for a 5.17 million-sf Downtown mixed-use complex here that is being designed by New York City-based Swanke Hayden Connell Architects. The development will include 1.8 million sf of office and 820,000 sf of retail. A source with the architecture firm tells GlobeSt.com the total development cost will exceed $1 billion. Completion is slated for 2010.

Called Slava, the development will cover three city blocks along Leningradsky Prospect, a major artery linking Red Square to the city outskirts. The property is in an industrial sector of the city that is being converted to residential and commercial functions. The development site is adjacent to the Belorouskii train station, one of the city’s major transportation hubs.

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