Shpalernaya Street development starts selling Phase 3 properties.

27 November 2007

Construction Corporation Renaissance of St. Petersburg has started selling Phase 3 properties of the well-known 60 Shpalernaya Street development.

The design of the residential compound at 60 Shpalernaya Street won an Architecton award, received a Gold Diploma of the Art of Building-2003 international festival in nomination “Designs” and a Silver Diploma of the same festival in nomination “Developments” in 2006. Last week, at 60 Shpalernaya it was bestowed with an ARX Awards 2007 international award in nomination “Best Building/Residential Compound.”

The compound designed by Zemtsov, Kondiain and Partners architectural bureau comprises eight 9-storied towers. To provide for the visual exposure of the compound to the city and make the views of the surrounding architectural masterpieces available for house residents from any part of the compound, the towers are connected by means of 16-meter beam-free bays at the level of the 5th floor. The engineering design and complexity of its implementation are unique for St. Petersburg. The building looks light and transparent owing to the use of a large quantity of various glass: structural and semistructural, frame-free, sound-reflecting, decorated with metal, and tinted. The general concept of the compound is successfully supplemented with panoramic elevators wreathed with stairs that seem to be hovering in the air.

The interior is also subject to modern quality standards. The engineering systems support the high level of architecture: central air conditioning and water fire-fighting systems, closed-loop heating system and the Internet link — those are just some of the systems providing for comfortable living.

The cost per square meter of residential property varies from 139,500 to 372,000 roubles.

60 Shpalernaya Street, Phase 3
Area of plot of land, Phase 3: 0.13 hectares
Total area, Phase 3: 4,427 sqm
Living area, Phase 3: 3,352 sqm
Built-in space (retailing): 478 sqm
Underground parking, Phase 3: 23 vehicles/m

The Project Declaration was published by Nevskoye Vremya newspaper No.189 (3987) on October 26, 2007.

For reference:

OJSC Construction Corporation Renaissance of St. Petersburg is a leader of the elite property development in St. Petersburg. Over 13 years of business since its foundation in 1994, Renaissance of St. Petersburg has successfully implemented 30 projects in the most prestigious, challenging and important locations of the historic centre of St. Petersburg — nearly 50 residential buildings and 6 business centres. Currently work is underway to construct Phase 1 of Paradny Quarter — the first posh neighbourhood in St. Petersburg, two new houses of the Kamennoostrovskaya Collection, deluxe residential compounds Dom u Morya, and 60 Shpalernaya (Phase 3). The company has started the construction of Smolny Quarter and a new compound at 63 Suvorovsky Prospekt. In the 1st quarter of 2007, the company completed the Konung residential development (3 Severny Val, Vyborg) and the Apollo Business Centre of top A category. New projects are being prepared.

OJSC LSR Group is a diversified construction company founded in 1993. Its core business areas are building materials, construction and real estate development. The Group comprises companies engaging in extraction and processing of aggregates, production and transportation of building materials, and housing construction — from mass market large-panel housing to elite residential property built after designs made by leading domestic and foreign architects. LSR Group has companies and offices in St. Petersburg, Moscow, a number of cities in the Leningrad Region, in Lithuania, Latvia, Estonia, Ukraine and Germany. LSR Group employs nearly 15,000 people. In July 2007, Moody’s Investors Service assigned a B1 rating to LSR Group; outlook — stable.

For more details please contact:

OJSC Construction Corporation Renaissance of St. Petersburg
Anna Panina, PR Manager

Press Service, LSR Group
+7 (812) 314-10-44


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