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Setl City Continues the Construction of the 3rd Stage of the MORE Residential Estate

2013 july 17

Setl City (a company of Setl Group) has started the construction of three houses within the 3rd stage of the MORE residential estate, which is being erected by the company in Krasnoselsky District of St. Petersburg. Thus, at the moment, 4 houses are being built in the framework of the 3rd stage of the project, and in 2 of them sales have been opened. St. Petersburg Realty is the exclusive broker of the project. The three houses, whose construction has been started by Setl City in this month, have varying numbers of storeys (from 6 to 17, including technical levels). There will be 1580 apartments about 57,000 sq. m in total area. Besides, the project provides for a detached underground parking lot for 279 cars with multipurpose roofing where  lawns, grounds and walkways will be arranged. Integrated commercial spaces about 750 sq. m in total area will be situated on the ground floors of several sections. It is expected that the houses will be commissioned in the 3rd quarter of 2016. It is to be recalled that, all in all, 5 houses over 100,000 sq. m in total area and parking lots for more than 900 cars will be built in the 3rd stage of the MORE project. A completely new social, shopping and service infrastructure of the Baltic Pearl estate is at the service of the tenants of the new residential estate. There will be a new kindergarten and school in immediate proximity to the developed land plots. All in all, Setl City is planning to build about 285,000 sq. m of comfort-class housing in the area of the Baltic Pearl estate. The 1st stage of the project has been already commissioned 5 months earlier than stated in the project declaration, and tenants have started to move in.

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Companies of Setl Group holding