Setl City Starts the Construction of Olimpiya, a new Residential Estate in Svetlogorsk
2014 september 24
Setl City Kaliningrad (a company of Setl Group) has started the construction and opened the sales of the first stage of the Olimpiya residential estate in the town of Svetlogorsk, Kaliningrad Region. The new residential estate provides for the construction of about 50,000 sq. m of housing spaces for 4,200 tenants. The estimated aggregate investment is 1.8 billion roubles. It is expected that the first stage will be commissioned in the 4th quarter of 2016.
The residential estate is being built on the land plot 5.6 ha in area between Yablonevaya street and the Southern border of the district. Within the first stage, a 3-section building with 7 storeys 8,200 sq. m in total area will be built. 161 apartments 5,700 sq. m in area are designed in the house, and there will be 103 storerooms about 700 sq. m in area in the basement. The apartments will be handed over to buyers with pre-fine finish. Improvement and landscape gardening of the estate’s area is planned, with playgrounds for children, and promenade areas.
The Olimpiya residential estate will be situated within a 15 to 20 minutes’ walking distance from the Baltic Sea, in a district rich in greenery and with the related infrastructure. Near the estate there is the Svetlogorsky sports and health center.
Olimpiya RE is the second mid-rise development project started by Setl City Kaliningrad in Svetlogorsk in 2014: in the 1st quarter the company started the construction and opened the sales in the Lake City RE on a land plot near Tikhoye Lake. Besides, the company continues the construction of the AlpenPark, Leto and Zolotiye Peski residential estates in the city. The total area of Setl City’s projects under construction and design in Svetlogorsk is about 150,000 sq. m.
Companies of Setl Group holding