Limitless announces more Moscow projects
Dubai based developer and JV partner award another $10m contract for Zagorodny Kvartal project
Limitless and RDI have awarded a a new contract to FODD for the construction of two apartment blocks in the project.
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Limitless and RDI, the developers behind a $33m Russian project, have announced the awarding of a contract worth $10.07m for more apartment buildings at Zagorodny Kvartal, a mixed use community project north-west of Moscow.
The joint venture partners have appointed the Moscow based firm FODD as general contractor to construct another two towers which will contain 78 residential units. The project is scheduled to be completed by the fourth quarter of 2013.
FODD had been awarded the contract for two other apartment blocks at Zagorodny Kvartal earlier this year, the joint venture said.
Phase One of Zagorodny Kvartal is due to be completed in early 2015. It will comprise of 700 apartments and 46 townhouses. Five apartment towers and the first phase of townhouses are currently under construction, with more contracts due.
The developers said that more than 60 units have been sold so far to investors in Russia, with plans afoot for a sales launch in Dubai.
Located about 24km north-west of Moscow, Zagorodny Kvartal, meaning Country Quarter, is being constructed alongside the Moscow Canal. The project will span 111 hectares and accommodate 14,000 people when it is fully completed.
It will be at the heart of one of Moscow’s fastest growing districts. Set 4km away from Sheremetyevo International Airport, the project is 8km away from the Moscow Ring Road and 10km from the Kimki Business Park.
