No Hotels For New Holland
Published: July 9, 2014 (Issue # 1819)
The reconstruction project of New Holland Island in the center of St. Petersburg, worth 12 billion rubles ($349.3 million), is scheduled to be completed by 2017 by the developing company New Holland Development, or NHD. However, plans to build a new hotel have been rejected.
According to Irina Babyuk, chairman of the Investment Committee of St. Petersburg, renovating the existing historical buildings on the 7.8-hectare island to accommodate modern hotels would be difficult. Instead the existing buildings will be renovated to accommodate 3- to 4- star apartments as well as 20,000 square meters allocated for office space, 9,000 square meters for commercial space, 5,000 square meters for exhibitions and about 4,000 square meters for restaurants.
NHD are also planning to build three additional bridges to the island. However, plans and funding to build an additional parking area near the island have yet to be decided by officials.