YEREVAN (Noyan Tapan)–After finishing the modernization of the Yerevan hotel–the Italian Renco firm started the construction of residential buildings in Yerevan. The first such building is at the Theatrical Park–near the Sundukian theater that will be put into operation this October. The new building will be up to the European standards and besides residential space it will have a parking lot–basin–and all the public amenities.
The first floor of the four-storied building will be allotted under offices. The second floor will consist of nine flats from 80 to 86 sq. meters–and the third floor will consist of six flats from 118 to 130 sq. meters. The fourth floor will have only four flats–each of them 255 sq. meters. The cost of one flat–depending on the residential space–will fluctuate between 112 and 388 thousand dollars.
Potential buyers are already showing great interest in the building–and the renowned musician Vladimir Spivakov expressed his willingness to purchase one of the flats worth $388,000.