Etalon Group said last week that it had obtained a construction permit for its recently acquired comfort-class residential development project on Ulitsa Marshala Tukhachevskogo in St. Petersburg.
The project is planned to have 30,000 square meters of net area available for sale. The site is on a 1.1-hectare plot in the city's Krasnogvardeisky district.
Construction is expected to start in the second half of the year; delivery is planned in 2014. Etalon also announced that it had opened a new sales office in Yakutsk.