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Setl City Starts the Construction of ZimaLeto Residential Estate

2014 july 14

Setl City (a company of Setl Group) has started the construction of the first stage of the ZimaLeto residential estate at 9, Energetikov avenue, in the Krasnogvardeysky district of St. Petersburg. The project is being implemented jointly with the LSR Group whose production facilities used to be located on this land plot. As a result of a renovation of the industrial territory about 10 ha in area, 5 residential houses, 5 underground car-parks, a kindergarten and a school with a stadium will be built here by the year 2018.  This month St. Petersburg Realty, the exclusive broker of the project, will start sales in the first stage of the residential estate.

ZimaLeto project provides for the construction of about 150, 000 sq. m of housing, five underground car-parks for 1,175 cars all in all, open parking lots for more than 300 cars, a kindergarten for 190 kids, and a school for 450 pupils. Special attention is paid to the beautification of the embankment along the Okhta river that encircles the land plot on the southern and eastern sides and to arranging green areas: there are about 5 ha of landscaped zones on the 10 ha of the land plot.

A 22-storey residential house with 830 apartments and 13 commercial spaces (1,500 sq. m) will be built within the first stage situated along Energetikov avenue. Besides, the plans include building a detached underground car-park for 227 cars and a visitor parking lot. Apart from that, late in 2014 – early in 2015, Setl City intends to start the construction of a kindergarten and a school in the territory of the residential estate. The kindergarten, as well as the first stage, is planned to be commissioned in the 3rd quarter of 2016 and the school in the 3rd quarter of 2017.

This area easy to reach by transport. Ladozhskaya metro station and Ladozhsky railway station are within a 5 to 10 minutes’ walking distance, and an exit to the Ring Motorway and Koltushi Highway is within 10 minutes’ driving distance. 

Near Ladozhskaya metro station there are many shopping and service facilities including such big ones as O’KEY and Lenta hypermarkets, Zanevsky Kaskad and Neo shopping malls, and Planet Fitness and Fitness House clubs.

It is to be recalled that it is already the fifth project for the redevelopment of an industrial site in Setl City’s portfolio in St. Petersburg. Other similar projects include the residential Lake House (renovation of a spinning mill site), Avangard, Atlanta and Atlanta-2 residential houses (renovation of the Avangard factory site), the Stockholm residential estate (renovation of the Redan factory site), the high-class Riverside residential area (renovation of the Severny factory site).  

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Companies of Setl Group holding