Construction professionals, specifically three developers, are set to construct a monumental structure in close proximity to the railway station
In the heart of Yekaterinburg, an exciting urban transformation project is unfolding. Key developers Sinara-Development, Greenwich-Real Estate, and Atlas Development are working together to redevelop the former industrial territories at Chelyuskintsev Street and Heroes of Russia Street, transforming them into mixed-use urban spaces.
The project, which spans approximately 10 years, with construction set to begin in Fall 2025, aims to blend residential, commercial, and public infrastructure, supporting the city's growth and modernization goals.
Current Progress
The project has moved beyond initial planning and early-stage construction phases. Sinara-Development, Greenwich-Real Estate, and Atlas Development have collaborated to address infrastructural improvements and environmental remediation necessary for the site. Some residential complexes and commercial facilities are either completed or in advanced stages of development, reflecting a phased approach. Infrastructure such as roads, utilities, and public spaces is being upgraded to support increased density.
Future Plans
The developers have ambitious plans for the future. Continued phased construction of residential and mixed-use buildings is aimed at creating a vibrant urban environment. Expansion of commercial and office spaces will attract businesses and provide amenities for new residents. Development of green spaces, pedestrian zones, and public transport links will enhance livability. Coordination between the developers and city authorities will ensure sustainable growth, including adherence to modern urban planning standards.
Sinara-Development aims to build a total of 187,600 sq.m of housing as part of this project. Atlas Development plans to construct 81,800 sq.m of housing on a site between Streletchnikov St. and Heroes of Russia St. However, specific details about the number of buildings or the architecture of these projects have not been provided.
Preparatory work for the projects of all three developers is not mentioned as underway in the current information. Greenwich-Real Estate has purchased an adjacent plot, adjacent to Heroes of Russia St., for future development.
Atlas Development acquired the company "Olips" in 2023, and the projects of Sinara-Development, Greenwich-Real Estate, and Atlas Development are collectively aimed at the redevelopment of the industrial zone in the area of Chelyuskintsev St. and Heroes of Russia St. Over a period of 10 years, it is planned to build approximately 500,000 sq.m of residential real estate from these three developers, impacting the district's structure, traffic load, and infrastructure requirements.
For the most precise and up-to-date details, it is advisable to check direct announcements from Sinara-Development, Greenwich-Real Estate, Atlas Development, or Yekaterinburg’s city planning department.
The future redevelopment project in Yekaterinburg, led by Sinara-Development, Greenwich-Real Estate, and Atlas Development, includes ambitious investing in real-estate and finance, aiming to build over 500,000 sq.m of residential and commercial space. With an approximate 10-year timeframe, the project will not only transform the industrial territories at Chelyuskintsev Street and Heroes of Russia Street, but also contribute significantly to the city's industry and modernization.
