Moscow deal for SHCA.
The $270 million building, called Parcel 12, is being developed by "Summa" a Turkish Development Company, representing a group of Russian investors.
Parcel 12 will include over 2,225,000 s/f of space on a 15,000 s/f site. The building will have 50 floors of commercial office space based on Class " A " U. S. occupancy standards.
Above the office space will be a sky lobby with amenities to be shared by the offices as well as 19 floors of residential apartments.
The tower will sit on two floors of retail space, cafes, restaurants and a casino that will relate to the nearby retail complex. Construction on the building will commence in the fall of 2004, with completion slated for 2007.
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|Title Annotation:||Construction & Design Section B|
|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||Jan 28, 2004|
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