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. Last Updated: 07/27/2016

Moskva Hotel to Be Razed Sept. 15

The Moskva hotel opposite the State Duma will be razed to the ground this fall and then rebuilt, Interfax reported late last week.

The 68-year-old hotel will be closed on July 30 and demolition will begin Sept. 15. Reconstruction is to be completed by 2006, on the orders of Moscow Mayor Yury Luzhkov.

The hotel is to be reincarnated as a five-star hotel, and its open-air interior courtyard will be covered with a transparent dome, to better tap the value of the sizeable tract of land. It will include apartments, entertainment centers, office space and underground parking.

Developers have been ordered to recast the Moskva's facade according to original designs from the 1930s by architect Alexei Shchusev that are today only visible on the side of the hotel facing Manezh Square.

The project has been a subject of controversy because the building is considered a city landmark and it holds the status of an architectural monument.

An obscure U.S. firm, Decorum Corp., will put up the $350 million for the project in exchange for 51 percent of the new property, City Hall said earlier this year.

The remaining 49 percent will be held by the Moscow Development Co., co-owned by City Hall and real-estate developer ST Group.