Translation. Region: Russian Federal
Source: Moscow Government – Moscow Government –
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A small business representative purchased a building on Frunzenskaya Embankment from the city. The investor will carry out renovations to enable commercial use, according to Ekaterina Solovieva, Minister of the Moscow Government, head of the capital's Department of City Property.
"By exercising its preemptive right, the tenant, a small business owner, acquired from the city a commercial space of over 130 square meters in a complex of residential buildings built between 1939 and 1943. The building, designed by architect Konstantin Dzhus-Danilenko in the Stalinist Empire style, remains residential, with some of the space occupied by offices. The new owner will renovate the space and adapt it for modern use," said Ekaterina Solovieva.
The building is located at 4 Frunzenskaya Embankment. The new owner will be responsible for repairing defects on the facades, installing an air conditioning system, and renovating the premises in accordance with the design and production documentation.
To take advantage of the preemptive right and purchase space from the capital, small and medium-sized business owners must meet a number of criteria, be included in the Unified Register of Small and Medium-Sized Businesses, and lease the premises for at least a year.
An investor will restore Levenson's dacha in the Novo-Peredelkino area.
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