Wife Luzhkov has launched a development project in new York

The wife of the former Moscow mayor Elena Baturina has launched the first development project in new York, the press service of the entrepreneurs. The first step was the purchase of a complex of buildings in downtown Brooklyn, near sports complex, Barclays Center — the home arena of basketball team Brooklyn Nets and New York Islanders hockey. In the acquisition of buildings with a total area of 1500 square meters company owned by Baturina has invested $10 million.

Currently acquired buildings used for commercial purposes, however, the company Baturina is considering the possibility of changing the category of land that will allow the start of full-scale construction of residential houses.

Downtown Brooklyn is considered one of the most promising for the developer area of new York. The proximity to the city centre, good transport accessibility, investments of new York city in infrastructure development of the district provide an annual increase in the value of local housing in 5-6%, with 90% of the constructed apartments for rent.

“Today, the market is, no doubt, recovered, future projections very good. In this regard, we plan to expand our operations and are considering expanding our operations and the acquisition of a number of similar projects” — presented in the press service of the words of Baturina.

In August 2015 Yelena Baturina again topped the list of 500 richest women in Russia, compiled by the magazine Forbes Woman. Her fortune is estimated at $1 billion.