Support The Moscow Times!

Okhta Center Gets New Site

ST. PETERSBURG — Okhta Public and Business Center, a subsidiary of Gazprom, has acquired a plot of land in the Primorsky neighborhood of St. Petersburg from the LSR company, a company spokeswoman said Thursday.

"The plot has an area of 140,000 square meters located at the address 2 Lakhtinsky Prospekt," the spokeswoman said. It will be the likely site of the Okhta business center, which the gas company previously planned to build on the banks of the Neva River across from Smolny Cathedral, she said.

The business center project has been estimated to cost 60 billion rubles ($2.11 billion), with 7 billion rubles reportedly spent so far.

(MT, RIA-Novosti)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.