Support The Moscow Times!

Retail Facility Planned for Moscow Region

A 42,000 square meter retail facility is planned for the Moscow region, GVA Sawyer said in a statement.

The 12 hectare site is located 51 kilometers east of the Moscow Ring Road on Gorkovskoye Shosse, between Noginsk and Pavlovsky Posad. The project will cost about 1.5 billion rubles to build ($48 million), have a return on investment period of 6.5 years and be complete by the end of the first half of 2014.

According to research by GVA Sawyer, there is pent-up demand for such a facility, with more than 425,000 people living within 30 minutes of the site.


Read more

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

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.