JSC “A101 Development” is planning to construct a new urban district in Moscow combining living, working, studying and leisure functions. A development project named Clever City has been presented in the framework of the Moscow City Government exhibition stand in the trade fair for industrial technology Hannover Messe-2016 by CEO of JSC “A101 Development” Sergey Katchura.
The construction project provides for creation of an extensive university campus, research centers, residential areas, social infrastructure, as well as recreation and open spaces. The center of gravity of the new urban district is considered to be a university or a new educational institution.
The project blends residential and non-residential real estate located on a territory of 260 hectares between Kievskoe and Kashira highways, about 3-4 kilometers from Moscow Ring Road (MKAD). The project provides for creation of a science park. Total floor area of non-residential buildings will be of 270 thousand square meters. A new district might also have its underground station.
The realization of a project will require 16 billion rubles (around 246,5 mln dollars) of investments. By now, construction time, as well technical and economic parameters of the project are not disclosed. However, the development of the project is scheduled to begin before the end of 2016.
JSC “A101 Development” is part of the Bin Group. Its construction industry experience is more than 23 years. The largest project of the developer is A101 urban area (well known as Kvartal A101) on 2.500ha of land in Kommunarka Village, New Moscow.
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