A few hundred meters from the Horizon Towers office center, a new construction project is taking shape that promises to rival the office tower for domination of the city’s skyline. The building, at Kropovnistskoho 10, is a new addition to the growing list of luxury residential properties that are being built for the capital’s most affluent citizens.
The building, which consists of two structures – a 13-floor section on Kropovnistskoho and a 15-floor section on the parallel Baseyna – should be completed this summer.
The project’s apartments range from a spacious 170 square meters to a sprawling 400 square meters. The building’s features underground parking for 58 vehicles, centralized heating and air-conditioning systems, an on-site supermarket, laundry services, a beauty salon, a restaurant, and a fitness center with sauna and swimming pool.
Paramount Estate, the agent for the project, has pre-sold a number of units. Paramount Estate broker Tetyana Pytaylo said that most of the units will be owner-occupied, with only a few apartments destined for rental. As with similar projects in the city, most of the flats are expected to be bought by wealthy Ukrainians. Only a few of the units are likely to go to foreign buyers.
The project’s brokers hope to sell up to 40 percent of the units before it is completed.
“This is a good project and should sell quickly,” said Pytaylo. “One attraction of the building will be the ‘community effect.’ High income residents will attract others from the same group, and the building will fill up quickly.”
Pytaylo also cited building infrastructure, security, and central location as features that will make the project appealing to buyers.
This kind of luxury living doesn’t come cheap – potential owners can expect to pay between $1,600 and $1,800 per square meter, which puts the cost of the least-expensive unit at about $272,000.
The lower end units are 4-room apartments on the buildings’ first nine floors. The most well-heeled buyers can choose from two-level, penthouse, and custom-designed apartments on the upper floors. Paramount Estate representatives say that the high-end two-level units have proven to be the most popular so far, with 10 of the twelve available already spoken for.
In addition to the initial purchase outlay, units carry monthly maintenance fees of $150 to cover utilities and management expenses. Property management will be performed by Resursosberezhenie, a Ukrainian firm.
The complex is being constructed by Ezbek, a Turkish firm, with Russian financing.
