There are more than 300 shops, cafes, and restaurants spread over three levels and the basement contains a parking garage with 3,000 spaces. Image: Riviera
Development

Another Riviera

There are many shopping centers named Riviera. Another not-too-small one – with approximately 100,000 sq m of GLA – will open next spring in Moscow.

The Riviera Shopping & Entertainment Center will be located on the Moscow River embankment and one of the main highways of the city – the Third Transport Ring Road (TRR). The architecture, efficient layouts, and panoramic views of the river should make it a promising project for the Russian Capital. On to the numbers, which are meant to pave the way to success: The GLA amounts to approximately 100,000 sq m. There are more than 300 shops, cafes, and restaurants spread over three levels and the basement contains a parking garage with 3,000 spaces. In addition, one should not forget the catchment area, which includes 3.7 million people within 30-minutes. Riviera LLC acts as the developer, the architect is 5+ design, and Renaissance Construction is the construction company. The opening of the consumption temple is planned for spring 2016.

Auchan anchor tenant

Auchan came on board the project as one of the first anchor tenants to opt for the Riviera. The hypermarket chain, which has around 10,700 sq m, will be located on the ground floor near the main entrance – in a very central location, in other words. Marina Isaeva, Senior Expansion Manager at Auchan Moscow Region, commented: “The Riviera mall perfectly matches all requirements for a hypermarket. It has excellent visibility and access routes from the TRR, one of the biggest highways in the city, and it has unique prospects ahead of it due to the development of Simonovskaya quay and ZiL peninsula.” ZiL is an enormous plant owned by a major Russian automobile, truck, military vehicle, and heavy equipment manufacturer. By 2025, this area should be home to a number of completed developments on an area of ​​2.1 million sq m, including the Riviera shopping center. In parallel with the ZiL renovation and development, the commissioning of a new metro station is planned for 2016. This is in addition to the construction of a new transport interchange linking with the Moscow railway ring. Both will be located within walking distance of the new mall.

Image: Riviera
Image: Riviera

This is ideal for visitors making their way into Riviera for a film. This is possible because the biggest national cinema network in Russia, Cinema Park, will open a nine-screen cinema. The parties have signed a 15-year lease, under which the company gets to operate 4,327 sq m on the third floor of the mall. Olga Starichenko, Commercial Director of Riviera LLC, said: “We are happy to have Cinema Park as our partner in this project. We believe that a professional business approach, the use of international technologies, an impeccable reputation, and a high level of customer loyalty to the brand will make the multiplex in Riviera one of the best cinemas in Moscow.”

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Development MORE

Development update: BRATISLAVA’S EUROVEA II heading to the finish line

The construction of Eurovea’s expansion is in full swing. The shopping mall will be opening in April 2023 in full size and in a new design. The project is a clear symbol and indicator for the ungoing mixed-use trend.

“Developers look for Game Changers”

Reify. is Sonae Sierra´s rebranding of its real estate expertise activity which reinforces its commitment to offering multidisciplinary services to investors and developers. ACROSS spoke with Jorge Morgadinho, Reify.’s Executive Director, about the first business year after the rebranding.

55,000 sq m mixed-use project Waterfront Genoa (IT) serviced by Nhood

Nhood Services Italy became a service provider for the urban transformation project of Waterfront di Levante, located in Genoa. Due to the special architectural solutions made by Renzo Piano, Waterfront can be described as a low environmental impact project for the city.

Masterplan for Mixed-Use Development of St. Enoch Center in Glasgow

Property developer and asset manager, Sovereign Centros, has submitted a planning application outlining its masterplan proposals for the reimagination of St. Enoch Center in Glasgow. The mixed-use development puts focus on retail, leisure, entertainment, hotel, offices, and city center living.

Iulius launches €500 Million Urban Regeneration Project in Romania

Iulius Group is launching a new investment in Cluj-Napoca: more than half a billion Euros for their urban regeneration project in Romania.

DI Group expands “Rathaus Center Pankow” for more than €12 million

Deutsche Immobilien-Gruppe (DI Group) is now investing more than €12 million in the expansion and renewal of its shopping center "Rathaus Center Pankow". The extension will create about 2,100 sq m, 7% more space.