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Setl City Kaliningrad Continues Implementing the Lake City Residential Estate Project in Svetlogorsk

2016 june 15

Setl City Kaliningrad (a company of Setl Group) has commissioned the first stage of the Lake City residential estate and started the construction of the fifth stage of the project. The commissioning of the fifth stage is expected in the 1st quarter of 2018 and the completion of the entire project in 2022.

The commissioned first house within the residential estate is a seven-storey building with 95 one-, two- and three-room apartments 4,600 sq. m in total area. 12 integrated commercial spaces 637 sq. m in the aggregate area are situated on the ground floor. The highest (A+) energy efficiency class has been assigned to the house.

The business-class residential estate Lake City is being built on a land plot 5 ha in area on the bank of Tikhoye lake in the block of Maysky thoroughfare and Kaliningradsky avenue, where about 50,000 sq. m of real estate will be built. At the moment, the second, third and fifth stages are under construction. The entire territory of the Lake City estate will be fenced and landscaped; playing facilities for children, playgrounds and sports grounds, recreation areas, and promenades will be situated inside green courtyards.

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Companies of Setl Group holding