Within the TTK area, 1 million square meters of deluxe residential real estate will be built.

Kalinka Real Estate Consulting Group, a leading consulting and real estate company in the luxury real estate market, has estimated that the construction of about 7 million square meters of residential real estate has been announced within and on the borders with the TTK. Of these, 1 million square meters will be the share of elite housing.  At the same time, 57% of the declared volume – up to 4 million m2 - can be built on the territory of industrial zones located in the central part of the city.

 The key land reserve that will ensure the growth of new supply volumes within the TTK in the coming years is industrial zones. In the next 3-5 years, they will become the growth driver of the capital's real estate market. The change of functional purpose, reconstruction of individual buildings, renovation of industrial and mixed city blocks – this direction will become one of the most promising in the field of integrated development of urban areas in the coming years.

According to expert estimates of Kalinka Real Estate Consulting Group, the construction of the largest industrial zones is able to provide, depending on the permitted volume of new development, from 40 million to 90 million square meters of new real estate. The largest industrial zones, such as the Southern Port, ZIL, are located outside the TTK, however, in the central part of the city there are territories where it is possible to build entire blocks with a total area of 4 million m2.  

 

The most promising industrial zones within the TTK

 

Industrial zone: factory "Red October"

Area: 4.7 ha

Building volume: 200 thousand. m2

Description: the most profitable and attractive location for investors. Bolotny Island, on which the "Red October" was built at one time, is located opposite the Kremlin, there is a long embankment and magnificent view characteristics. The territory has every chance to become a continuation of the "golden mile" and surpass it in value per square meter.1 ha of land here can cost $50-60 million. Under Luzhkov, they wanted to build a new elite district here, where the most expensive club houses, restaurants, hotels and boutiques would be concentrated. Many companies, including KRT, Ingeocom, and Guta-development, undertook this task, but these plans were not implemented. Since 2007, when the decree of the Government of Moscow No. 2829-RP on the establishment of the Coordinating Council for the Integrated Development of the Golden Island project was published, little has changed, there has not been a unified concept for the development of the Golden Island.  In November 2012, two resolutions of the Moscow Government were declared invalid – "On measures to implement the program for the integrated development of the Golden Island program" (No. 531-PP of 07/19/2005) and "On Engineering support for the facilities of the Golden Island program" (No. 1512-RP of 08/03/2006). To date, only the concept of building blocks No. 360 -361 of the Yakimanka district has been agreed – this is the territory of the Red October factory. Instead of boutiques, hotels and residential complexes, it was decided to equip a public pedestrian zone on this site. New construction is limited to 127 thousand. square meters. After the reconstruction of historical buildings, there will be 212 thousand square meters of residential and commercial real estate on the site. Approved block layout project.

 

 

 

Industrial zone: Badaevsky Brewery and pencil factory of JSC "Fabrika im. Sacco and Vanzetti."

Area: 14.5 ha

Building volume: 400 thousand. m2

Description: very attractive location: the industrial zone is located in the center of business activity opposite the Moscow City skyscrapers, has access to the embankment, within walking distance - Kutuzovsky Prospekt and Taras Shevchenko Embankment. The market value of land alone can be up to $300 million.  In the early 2000s, JSC "Badaevsky Brewery" and JSC "Sacco and Vanzetti", owned by the Absolut Group, with the involvement of PIK Group, intended to build a residential complex "Park City" on the territory of the industrial zone with a total area of 580 thousand m2 and an investment volume of almost $500 million. In accordance with the Decree of the Government of Moscow No. 109-RP dated 30.01.2004, investors began the development and approval of the project, the preparation of the territory for construction, but construction has not begun, in particular, due to the failure of the project implementation deadlines, the onset of an acute phase of the crisis, litigation between project participants and the risk of transport collapse. In February 2014, the GPC approved the provision of approximately five hectares for lease to the Rosneft oil company for the construction of a multifunctional complex with an area of 200 thousand square meters. meters for the company's headquarters. Also, the GPC again allowed the Absolut group to build a multifunctional complex, but the volume of construction was reduced by more than three times – up to 150 thousand m2.

 

Industrial zone: Textile factory "Trekhgornaya Manufactory"

Area: 12 hectares

Building volume: 250 thousand. m2

Description: the industrial zone is located a five-minute walk from the government building, on a busy embankment in a prestigious area of Moscow. "Trekhgornaya Manufactory" belongs to the industrial and financial group "Basic Element", in 2006 it was planned to build 250 thousand m2 of commercial real estate here, including retail space, office buildings and a multifunctional complex. However, at first the implementation of the project was complicated due to the conflict: the residents of the hostel "Trekhgornaya Manufactory" refused to leave their rooms, later due to the crisis the project was frozen. Now the premises of the "Trekhgornaya Manufactory" are rented out for restaurants and offices.

 

 

Industrial zone: No. 39 "Berezhkovskaya embankment"

Area: 26 hectares

Building volume: thousand. m2

Description: the vast industrial zone stretching along the Berezhkovskaya embankment belongs to the international holding company Liral Group. The weak point is the low capacity of the embankment, but the area of the territory allows you to expand existing routes, lay new ones, and hold alternate routes. In 2007, it was planned to build two office buildings and a shopping center with a total area of 150 thousand m2, a hotel and 660 thousand m2 of residential real estate. The project assumed high-quality infrastructure development - the construction of trade and service and sports and entertainment complexes, but the crisis prevented the implementation of plans. In March 2013, the results of the competition for the best pre-design solution for the architectural and urban development of the industrial zone were summed up, the winner of the competition was Yuri Grigoryan's Megan. The final decision on the construction of the industrial zone will be made by the investor together with the metropolitan administration. The beginning of the redevelopment of the industrial zone is tentatively scheduled for 2015, the entire implementation of the project may take 5-8 years.

 

 

Industrial zone: Slava Watch Factory

Area: 4.5 ha

Building volume: thousand. m2

Description: in 2008, Globex Bank together with Stolny Grad announced the large-scale construction of commercial facilities on the site of the Slava watch factory at 8 Leningradsky Prospekt. The factory buildings with a total area of 200 thousand m2 were demolished, in their place they wanted to make a new business zone similar to the one located next door In total, 6 buildings with a total area of 480 thousand m2 were to be built within the framework of the project, but the arrival of a new mayor led to a change in urban planning policy. As a result, the project was greatly changed: the total building density was reduced from 480 thousand m2 to 350 m2, the maximum number of floors was reduced from 22 to 18 floors. The design of all facilities should be completed by the end of 2014.

 

Industrial zone: factory "Bolshevik"

Area: 5 hectares

Description: by location, the Bolshevik factory is inferior to the rest of the listed industrial zones. For a very long time, the examination of the Moscow Inheritance could not determine the historical and cultural value of the Bolshevik factory building, because of this, the owners had no right to carry out any redevelopment. At first, they wanted to reconstruct the factory for retail and hotel areas, then the idea came up to demolish the building and build a modern business center in its place. In the spring of 2012, O1Properties and Tactics Group became the owners of the factory. As a result, they decided to make a modern cultural and business center on the site of the factory. The business component will be represented by a business center, and the highlight of the project should be the Museum of Modern Art. Also, the redevelopment project of the factory territory includes the construction of restaurants, cafes, shops, landscaping and landscaping of a 1-hectare park.

 

 

 

"The main driver of the real estate market is always not the reserve of certain territories, but clear, understandable and fulfilled by all parties rules of the game, - says Ekaterina Rumyantseva, Chairman of the Board of Directors of Kalinka Real Estate Consulting Group. – There are enough territories in Moscow for the planned and organic development of the city for at least twenty years. The problem is not in the presence or absence of sites, but in the fact that the authorities still do not have a consistent strategy for the development of urban space. Updated General Plan of Moscow has not accepted, the issue with the PZP has not been resolved – they will appear no earlier than 2015. The Moscow administration has yet to learn how to play the role of an effective moderator in the relations between owners and business entities on the ground, investors and the city administration, based on the interests of the development of the whole city."

 

 Without a balanced long–term strategy, the result is predictable - the market develops and grows chaotically, there is no effective public-private partnership necessary for the implementation of large-scale projects. Many decisions are made by investors on a whim, because there is no clear-cut mechanism for solving such issues. However, now the city has learned to solve local issues of its own development. A sample of a new approach is the redevelopment of the ZIL industrial zone. However, this is rather an exception – this territory is city property, so there was no need to consolidate the interests of several owners, it was much cheaper, faster and easier to adopt a single plan for the integrated development of the territory.