The Legrand Park project is a significant development in the city of Yeghegnadzor, designed to transform a 2.54-hectare industrial land plot into a modern residential and commercial district. With a total investment of approximately $15 million USD, the project aims to create a vibrant, mixed-use community that will meet the growing demand for quality living spaces and services. The project will include 7 residential buildings with a total area of 2.92 hectares, offering 400 apartments and integrated commercial spaces. Construction is set to begin in August 2025, with completion expected in December 2027.
Key Highlights:
Project Components:
1. Residential Buildings
• Total Area: 2.92 hectares
• Number of Apartments: 400
• Residential Focus: Over 80% of the built-up area dedicated to spacious, comfortable living spaces.
2. Commercial Premises
• First Floors of Residential Buildings:
• Types of Businesses: Banks, Restaurants, Cafes, Communication Operators, Entertainment Venues
• Additional Services: Supermarkets, household goods stores, pharmacies, child and family service centers, visitor centers, kindergartens, and cleaning services
• Business Partnerships: Secured agreements with reputable businesses to ensure high-quality products and services for the district.
3. Public Areas
• Open to all residents and visitors, fostering an inclusive, vibrant, and accessible community environment.
Investment and Timeline:
• Total Investment: $15 million USD
• Construction Start: August 2025
• Construction Completion: December 2027
Status:
The project is currently in the planning phase, with the land plot purpose change request under review. Once approved, construction will begin in August 2025, with a completion target of December 2027. Legrand Park will provide a modern, integrated living and business environment, stimulating local economic growth and meeting the diverse needs of the Yeghegnadzor community.
