Wednesday, March 14, 2007

$30 Billion Development Rising in Russia

The Sverdiovsk region of Russia is seeing the start of what is being called the largest integrated urban development project in Europe. The project is expected to take until 2025 to be entirely complete, but there will be several milestones and segments of the project that will be completed at incremental times before final completion is realized. The gigantic project is being financed by investors who are taking segmented interests in the project so that it can be built out in gradual phases. Once complete there will be more than 9 million sm of residential housing, 4.2 Million sm of non-residential real estate, a 249,000 sm logistics complex as well as a 500,000-sm business center.

Below is a map of the location of the development, click the image for a larger view:


No comments: