22 Apr '11
Management company Kreml and developer Etika Development intend to invest $72m building a cottage complex outside St. Petersburg, Kommersant reports.
The complex is reportedly to be built on a 40-hectare land site in the village of Yukki in Leningrad regions Vsevolozhsky district, six kilometers outside the St. Petersburg Ring Road.
Under plans, the complex is to be kitted out with 204 cottages with residential area of 155-390 square meters, as well as social infrastructure facilities.
Construction of the village started last year, further timeframes for the project have yet to be disclosed.