Mayor of Yekaterinburg Arkadiy Chernetskiy met RENOVA Stroy Group executives to discuss the construction of the would-be Academic district of the city. The Mayor says the meeting was mainly devoted to land allotments distribution; RENOVA Stroy Group is going to put up buildings in one part of the district beginning as early as this summer, the city council will be responsible for using the other part.

This new district is to appear in the south-west of Yekaterinburg and is expected to occupy 2,500 hectares of land, with 1,200 hectares covered by forests and parks and 1,300 hectares used for putting up over 9 million square meters of housing and over 4.2 million square meters of buildings meant for commercial and socially important purposes. Three highways will provide a link to the center of the city, and there is also going to be a high-speed tram service. This will become home to 325,000 dwellers, with houses and flats divided into five categories: 51% of dwellings will belong to economy class, 33% of them will be middle-class ones, 11% of the dwellings are to be classed as business class ones, with 4% and 1% belonging to premium class and town house class, respectively. Besides, a university campus and a large medical center will be created as well.