Capital Group Adding Luxury Residential Units, Class-A Office Space and a 5-Star Delano Hotel to Moscow City
- Aug 24, 2012
Moscow—A new skyscraper is rising at the Moscow International Business Center, also known as Moscow City, in the Russian capital. Designed by the American architectural bureau of Skidmore, Owings & Merrill LLP, the OKO will feature an 85-story skyscraper, a 49-story class-A office tower and a seven-story single transparent crystalline structure, which will serve as the base of the complex.
Developed by Capital Group, the OKO will include over 400 move-in-ready luxury residential apartments with designer interiors and offering views of the Moskva River, the Kremlin and the Russian White House.
The Russian real estate development company also announced that it has entered into a 20-year management agreement with New York-based Morgans Hotel Group LLC to open the second international Delano-branded property at the OKO. The Delano Moscow is set to include 160 guest rooms, an extensive set of fine dining and nightlife venues as well as state-of-the-art hotel facilities and guest amenities. Talking about the need for a world–class boutique resort in the center of Moscow City, Vladislav Doronin, Chairman of the Board of Directors for Capital Group said: “Moscow City has become a financial center of international standard. It comprises mixed-use skyscraper complexes totaling 4.5 million square meters (around 48.4 million square feet) that have become headquarters for the major international companies. A modern transport infrastructure has been developed within the business district, which includes 2 operating metro stations and a high-speed railway currently under construction that would connect Moscow City with the international airports. Thus, it is obvious that Moscow City needs a high-quality hotel service, and Delano Moscow would become the first hotel to be opened here. I have no doubt it would become the best project to fulfill the needs of the tenants and the guests of the business center.”
The ultra-modern Moscow City business district, with an estimated 600,000 people visiting, living or working there, is expected to be the ideal location for the new luxury housing and five-star hotel. Amenities such as a fitness center, a spa, outdoor tennis courts and a private cinema hall are expected to spark even more interests in the new development.
Capital Group entered the Russian real estate market in 1993 and has since then completed 56 projects totaling around 54 million square feet. Among the most notable endeavors are the Capital City towers. The two mixed-use skyscrapers, the 73-story Moscow Tower and the 62-story St. Petersburg Tower, both feature residential units from the 19th floor upwards and are located in the Moscow City business district.