In 2023, the residential real estate market for the "Big City" project revived with the launch of sales in three new residential complexes, marking the most significant development since 2020. Developers are currently working on 15 residential and apartment units within this project, with prices per square meter exceeding the Moscow average by 36%, according to Metrium.
"Big City," an ambitious project to transform industrial areas into "Moscow City," was first unveiled to the public in 2016. Its development dates back to the 1990s, but the main construction surge occurred in the 2010s, when the international business center was rapidly developing. The project's total area is 3,200 hectares, several times larger than Moscow City itself.
The project boasts excellent transport accessibility thanks to its location, including 31 metro stations, 5 Moscow Central Circle (MCC) stations, and 3 Moscow Central Diameters (MCD) stations, as well as the city's major road arteries.
By 2035, according to Moscow Mayor Sergei Sobyanin, 5 million square meters of real estate are expected to be built in "Big City," creating a major business and residential cluster spanning five districts of the capital. The project calls for the entire area to be fully developed by this deadline.
Among the most important projects already commissioned within the "Big City" project are such iconic projects as "OKO", Neva Towers, Capital Towers, Sydney City and "Heart of the Capital".
As of January 2024, "Big City" comprises 32 residential projects, comprising over 4,295 apartments and suites of various classes, from mass-market to luxury. The average price per square meter in these complexes is 613,900 rubles, 36% higher than the Moscow average.
Additional materials on the topic:
Big City: Project Development Forecast through 2035
