Thursday, November 23, 2017

Sinara Development receives permission for Yekaterinburg building

Sinara Development OJSC, a Yekaterinburg-based residential property development and construction company, has received official permission to put up a building near the city's Central Stadium.

The property will be at the intersection of Melnikov St. and Krylov St. and will be used for apartments and non-residential properties, Ural Business Consulting reports.

Alexander Yakob, the Mayor of Yekaterinburg, signed the decree to allow permission for the property.

"Sinara Development must be provided with a permission to provisionally use a land allotment for putting up an apartment building in slot 66:41:0303075:12 (with an area of 11,285 square meters) in Zone C2 (the service sector and business activity zone) in Krylov St./Melnikov St. in Yekaterinburg," Yakob's decree said, according to Ural Business Consulting. "The land allotment will be used for putting up multi-story apartment blocks that have some non-residential quarters as well."

The property is designed to be divided into two segments. One segment will function as living quarters with multi-section apartment buildings with a varying number of floors. The other segment will act as a commercial zone for a multi-purpose facility housing offices, a hotel, an art gallery, a shopping and entertainment center, a multi-level parking lot and a number of lofts.

Sinara Development OJSC, which was founded in 2009, acts as a subsidiary of CJSC Sinara Group.