Monday, December 18, 2006

Beverly Hills of Moscow


A place where flats can cost several million dollars;

“Ostozhenka (pronounced ahs-TO-zhen-ka), once home to many artists and intellectuals, is now known in the parlance of real estate agents and their wealthy clients as the Golden Mile. In the last five years it has become a Kremlin-view Beverly Hills on the Moscow River. Its winding lanes are now home to modern multimillion-dollar penthouses, Ferraris, gourmet restaurants and bizarre crimes: last year a celebrity plastic surgeon was stabbed by roller skaters, and later died, in what appeared to be a roll-by contract killing...

Mr. Litoshik, 27, has a personal stake in its transformation: he lived, until recently, at Khilkov Pereulok 3, and is a leader of Leave Us Alone. As a journalist for the business newspaper Vedomosti, he is awed by what he says is a reported $33,000 per square meter price tag on apartments going up next door to his former home. “They’re not selling drugs, but they’re making much more money,” he said of developers who have converged on Ostozhenka.”

No comments: