High-rise buildings will be built on the site of five old houses in Yekaterinburg

An auction has been announced in Yekaterinburg for the right to conclude an agreement on the integrated development of residential development in the New Sorting area. New high-rise buildings are to be built on the site of five old houses along Bebel Street.

The land area is 1.1 hectares. Currently, it houses buildings built in the 1950s. The investor will receive the right to build up the territory with residential facilities with a total area of up to 58.8 thousand square meters. m. This is reported by the news agency " <url>".

The developer also undertakes to build a children's technopark with a usable area of at least 2.5 thousand square meters at his own expense and prepare documentation for the construction of a new school building No. 4. The winning bidder will be given seven years to implement the project.

Applications from potential performers will be accepted until March 16.

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