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50-Storey Mixed-Use Building To Be Built Next To Moscow Cinema, Loca

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  • 50-Storey Mixed-Use Building To Be Built Next To Moscow Cinema, Loca

    50-STOREY MIXED-USE BUILDING TO BE BUILT NEXT TO MOSCOW CINEMA, LOCAL DAILY ASSERTS

    epress.am
    11.17.2011

    According to local opposition newspaper Haykakan Jamanak ("Armenian
    Times"), it's quite likely that a 50-storey building will soon be
    built adjacent to Moscow Cinema and Golden Tulip Hotel in Yerevan.

    According to news the paper has received, this plan is secretly being
    discussed in the corresponding departments at Yerevan City Hall and
    several design agencies.

    The building, according to the daily, will be called Persia Tower and
    it will be a mixed-use development with several floors set aside for
    commercial use; others, residential; and more than 10 floors to be
    designated as a hotel.

    The newspaper's sources in city hall have stated that the Iranian
    party in the deal has already taken specific steps in getting the
    interest of the necessary officials. Yerevan's chief architect Narek
    Sargsyan, through his assistant, conveyed to Haykakan Jamanak that
    he is familiar with this project, but he will not comment at this time.

    The newspaper concludes that if the chief architect avoids providing
    an honest assessment of this project, it means that the possibility
    of allowing such a structure in the heart of Yerevan is not ruled out.

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