Moscow's much-talked-about "Big City" project has been actively developing since 2013. It covers an area of over 700 hectares and includes a host of amenities for its residents. The following are planned and already partially underway as part of this project:
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The creation of elements of a new city center where the "15-minute city" concept can be realized. This implies the availability of all essential infrastructure elements for living and working within walking distance.
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The reconstruction of the Shelepikhinskaya Embankment promises to become a new green landmark in Moscow. It will be connected to the already improved Krasnopresnenskaya Embankment and will also have its own linear park extending to the Belorussky Railway Bridge. This will create new recreational areas for residents of this area, other Moscow neighborhoods, and tourists.
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The development of transport infrastructure will improve ease of travel from here to any point in the capital using various modes of transport, including the metro, the Moscow Central Circle, the major transport arteries of the Third Transport Ring, the Garden Ring, and others. Furthermore, the development of urban river transport is planned. The project includes the creation of a route with 14 stops, which will significantly increase the district's potential.
Thus, purchasing real estate in the areas included in the "Big City" project is becoming a profitable investment for investors. This is confirmed by analysts from a leading Moscow real estate agency, who report that housing prices are rising faster there than in other districts. To substantiate their claims, they cite the following data: by the end of 2020, the price of business-class apartments in buildings located in the areas included in the "Big City" project had increased by 24.1%, excluding housing in the Moscow City skyscrapers . Meanwhile, in other Moscow districts, this figure averaged only 19.9%.
For example, in the Level Prichalny residential complex, apartment prices increased by 20% in just four months after sales began. Yet, the complex remains one of the most affordable properties per square meter in this location. It will feature 1,950 apartments in 80 different floor plans. This diversity offers a wide range of investment options not only for investors but also for homebuyers.
It's worth remembering that the "Big City" project began with the implementation of the "Moscow City" project, which is now nearly complete. Therefore, the district's development is supported not only by landscaping, renovating the housing stock, and improving transport accessibility, but also by increasing the number of jobs and creating opportunities for commercial real estate. To meet growing demand, the Level Prichalny residential complex plans to create over 13,000 square meters of office and commercial space. It is also expected to feature the first "lifeworking" space, a space of approximately 500 square meters, offering a convenient way to combine work and life.
Regarding the most pressing issue for investors, it's worth noting that the price per square meter in the Level Prichalny residential complex starts at 275,000 rubles. This translates to a studio apartment costing approximately 8.2 million rubles, and a one-bedroom apartment 12.3 million rubles. By the time the complex opens, property values are expected to increase by 20-25%.
