Los Angeles, CA (PRWEB) April 01, 2013
Due to the upcoming World Cup in 2018, the administration of Saint-Petersburg expressed its willingness to accelerate plans for subway development. Instead of building just the proposed subway stations in the Krasnosel’skyi district, the entire subway line will now be prolonged to the Pulkovo airport.
Today, there is active development in southern Saint-Petersburg, particularly around the Pulkovo airport and Saint Petersburg Ring Road. One main project in the area is Portland, managed by Satellit Development. Located in the agricultural area “Predportovaya-3”, Portland spans approximately 494 acres. The project includes development of a large-scale commercial business zone with “Agropolis” (238 acres) being the logistical center. Part of the area will include a retail park (190 acres), while the rest of the land will feature office buildings and hotels.
“Accelerating the extension of the subway line to Pulkovo airport is a good idea for a number of reasons,” said Vladimir Skigin, Chairman of the Board of Directors for Satellit Development. “Not only do the area’s transportation conditions need improving, but a better system must be in place to handle the influx of World Cup tourists. Plus, implementing this city initiative promotes the development of business in the southern part of Saint Petersburg.”
Currently, both public and business zones are developing rapidly in the Pulkovo area. The start of the city’s plans to build new subway stations will be an additional boost for the southern portion of Saint Petersburg.
About Satellit Development
Management company Satellit Development, LLC was established in 2008. Its primary activities include integrated land development, selling land, developing and designing residential and commercial projects, and offering consulting and brokerage services.