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(From The Moscow Times)
Giant Moscow residential investment and development company Krost plans to build Moscow's answer to Paris' La Defense in the upmarket northwest of the city between Polezhayevskaya metro station and Serebryany Bor.
The seven-year, $300 million Welltone Park project will be built in the city's 75th quadrant on a 23-hectare site in the Khoroshevo-Mnevniki district near a bend in the Moscow River. Krost is negotiating the participation of international architects in the design of the development.
Residents of the 38 five-story, Khrushchev-era residential buildings being demolished to make space for Welltone Park are being gradually shifted into Krost-constructed buildings across Prospekt Marshala Zhukova in the city's 82nd quadrant.
"Nothing like this has been built in Moscow before," Krost said in a statement.
"This will be the first residential area that has adopted the European experience of creating a unified architectural and social space, as was done in the unique Parisian settlement of La Defense or the famous technological park of Sophia-Antipolis near Cannes."
Work started on the site in November. The first stage will be to build by 2005 a retail-residential complex with a two- or three-story fitness center and three high-rise residential buildings. The development has been designed by architecture firm Reserv.