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I spent an afternoon in Moscow's $12 billion financial district, home to some of Europe's tallest skyscrapers and where Trump once wanted to build a tower. Here's what it looks like.
I spent an afternoon in Moscow's $12 billion financial district, home to some of Europe's tallest skyscrapers and where Trump once wanted to build a tower. Here's what it looks like.
President Donald Trump talked publicly several times about wanting to build a hotel there, but it never happened.
I spent an afternoon in the district, and while it has come along way in the past four years, I didn't see much of reason to to visit the area if you don't work there.
Just five years ago, Moscow's financial district, known as Moscow City, was a desolate construction site with graffiti-covered walls and empty streets, according to a Moscow-based photographer who visited the area for Business Insider.
Moscow's financial district, known as Moscow City, was a desolate construction zone just four years ago.
Moscow-based photographer Konstantin Salomatin visited the area for Business Insider in early 2015 and found abandoned construction sites and "strikingly empty" streets in the district that was built to rival Manhattan and London.
Now, the $12 billion district is home to some of Europe's tallest skyscrapers — and there are more under construction.
On a recent trip to Moscow, I got a tour of the neighborhood by Olga Novikova from Moscow Sotheby's International Realty.
It took us about 30 minutes to drive to Moscow City from central Moscow, but Moscow's notoriously bad traffic can make it take much longer.
As we approached in the car, I was surprised to see the cluster of modern-looking skyscrapers, which were a stark contrast to the historical architecture in the center of Moscow.
Moscow City is a prestigious address for Russian businesses to have their headquarters, Novikova told me.
Moscow City, the largest investment project in Moscow, is home to primarily financial and banking companies, according to a December 2016 report from global consulting firm Knight Frank.
The report noted that the development of Moscow City should have been completed in 2007, but construction was delayed during the 2008-2009 financial crisis.
President Donald Trump once wanted to build a tower in the area.
As Forbes reported, in November 2013, after Russian billionaire Aras Agalarov hosted the Miss Universe contest in Moscow, Trump tweeted, "... TRUMP TOWER-MOSCOW is next ..."
In October 2015, when Trump was running for president, he signed a non-binding letter of intent to work with a Russian developer to build a 250-residence luxury residential tower in Moscow's financial district, according to Reuters.
But the project never actually materialized.
When I visited Moscow City, I was surprised to see the streets bustling with activity.
Moscow City is also home to towers including OKO, Neva Tower No. 2, Mercury City Tower, Eurasia Tower, and the Capital City Moscow Tower — all of which rank among the 10 tallest skyscrapers in Europe.
Neva Towers is a double-tower complex that will include offices and luxury apartments to rival condos in New York and Miami, according to the developers.
The amenities in the complex will include a 75,000-square-foot private park, a private cinema for 10 people, squash courts, a fitness center, a music room, and a hammam spa.
The shorter tower, Neva Tower No. 2, which will be finished in 2020, will contain offices through the 28th floor and then apartments on top.
I got a peek into the unfinished penthouse of Neva Towers No. 1, which is priced at $13.75 million.
The 9,870-square-foot duplex penthouse will feature a private indoor swimming pool and a massive wraparound terrace. While the space is still under construction, it did indeed remind me of similar luxury apartments I've visited in Miami and New York City.
As I walked through Moscow City, in some ways it made me think of New York's financial district, with its sleek skyscrapers and business people.
But while the district is home to what claims to be the highest restaurant in Europe, Ruski, which sits on the 85th floor of the OKO skyscraper, I noticed a distinct lack of the type of liveliness that comes from restaurants, shops, and entertainment at the ground level.
I also found the green space in the financial district to be severely lacking.
There were a few landscaped patches and trees here and there, but as a whole, the absence of greenery made the area feel rather sterile.
Moscow City has changed drastically in the past four years, transforming from a dilapidated construction zone into a business hub.
Despite its growth, Moscow City doesn't seem to offer much for tourists or the average Moscow resident, and I didn't see much of a reason to visit if you don't work there.