Setl City (a company of Setl Group) is planning to start the construction of a new comfort-class residential estate on Oktyabrskaya Embankment in St. Petersburg in the summer of 2018. The developer purchased a plot of the Pigment plant 25.7 ha in area, where about 300,000 sq. m of housing will be built.
Investment in the project will amount to about 20 billion roubles. A residential estate with kindergartens and a school is expected to be built in Nevsky District for five years. Most of the apartments will have a view of the Neva river and city sights.
The new residential estate will be situated in an area with a well-developed shopping, service and transport infrastructure. It takes 10 minutes by bus to get to the Ulitsa Dybenko metro station. The London Mall shopping and entertainment center, the Leroy Merlin and Castorama construction hypermarkets, and the Lenta and Karusel grocery stores are within a walking distance. Not far from the future RE there is Park Stroiteley (Park of Builders).