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Luxury Real Estate in Ukrainian Capital

Posted: May. 3rd, 2013  |  By DailyLuxe News

A 42-acre luxury community has sprouted up in Kiev. The completion of the mixed-use residential development was a 10-year project.

The buildings consist of three- to five-story buildings designed in the Ukrainian Baroque architectural style that defines the area. The planned upscale neighborhood is a $100-million investment.

The New York Times reports that the developers claim to have sold 75 percent sold of the 398 residences offered for sale. However, only one-quarter of the dwellings are actually occupied at this time.

Before construction began, the area was dotted with old buildings and had three major roads, all in poor condition. The roads have been repaired and a fourth, Honcharna Street, was constructed. The most luxurious of the project’s residential buildings and mansions were built along Honcharna, a dead end, as developers expected it would deter traffic and limit any noise.

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