2 million square meters will be built near Moscow City. m of real estate – Kommersant
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The territory of the City-2 project, which is being built next to the Moscow City business center, will have about 2 million square meters. m. of real estate. About this in “Vedomosti” said Pavel Tyo, founder of the developer Capital Group, who is responsible for the implementation of projects in City-2.
11 plots will fall under City-2 development. “We will keep some of them for ourselves, some will be a partnership, and some we will sell,” said Pavel Tyo.
City-2 involves the development of the former block 804 of the Kamushki microdistrict. As part of the project, Capital Group and the mayor’s office created a joint company with the same name “City-2” in 2020. The mayor’s office in City-2 owns 60%, Capital Group owns 40%. On the territory of City-2 it is planned to build several buildings up to 400 m high.
Experts interviewed by Vedomosti claim that investments in the construction of City-2 should amount to at least 400 billion rubles. A square meter of residential space here at the construction stage can cost 700–800 thousand rubles, prices for commercial real estate are estimated at 600 thousand rubles. for 1 sq. m.
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