Construction expands at Sheregesh ski resort with the addition of new apartment buildings
The Shermont project, currently underway in the popular Russian ski resort area of Sheregesh, is an ambitious development initiative aimed at enhancing the region's infrastructure, tourism facilities, and residential options.
Current Status
Significant progress has been made in building key infrastructure to support tourism growth. Road access, utilities, and communication networks have been improved to ensure better connectivity and convenience for visitors.
Several tourism facilities are either constructed or underway, including ski lifts, ski trails, and recreational zones. The project focuses on providing a comprehensive winter sports experience combined with year-round activities.
Modern apartment complexes, designed to accommodate tourists and seasonal workers, are either underway or in advanced planning stages. These residential buildings feature contemporary amenities aligned with the resort’s upscale positioning.
Future Plans
The expansion of tourism infrastructure is a key part of the project's future plans. This includes the addition of more ski lifts, the expansion of ski pistes, and the creation of new leisure and wellness zones to attract a wider range of visitors beyond the winter season.
The project aims to develop hotels, restaurants, and entertainment facilities to create a vibrant tourist hub. Further development of apartment complexes and possibly private villas is planned to boost accommodation capacity and encourage longer stays.
Emphasis is placed on eco-friendly practices and sustainability in construction and operation to preserve the natural environment of Sheregesh.
Key Features
- The length of the ski trails is expected to reach approximately 100 km, with the number of lifts doubling.
- Both apartment complexes are planned to be commissioned by the end of 2024 - beginning of 2025.
- A total of 37 apartment complexes with 7,500 rooms are planned to be built on the territory.
- The sports and tourism complex Sheregesh is the largest project for comprehensive development of a territory in Russia in terms of area, construction volumes, and investments.
Additional Developments
- The commissioning of the liquefied natural gas regasification station is scheduled for early 2024.
- The developer has prepared a 1.5 km long ski trail and is designing a cross-country skiing trail and sports equipment rental point, set to open next year. Two lifts are also being prepared for construction.
- A second 10-story apartment complex with 334 rooms is set to be built in the complex.
- Construction of the first complex with apartments ranging from 23 to 72 sq.m. is already underway.
- A 4-story underground parking lot with 212 spaces will also be built, with plans to open cafes, a ski rental and instructor station, a pub, and a clothing store on the first floor.
- "UGMK-Zastroishchik" will construct a new square near the apartment complexes, serving as the main public space for holidays and mass events.
- Yevgeny Mordovin mentioned the increase in electrical capacities, water and sewage needs as part of the development.
- A 5-star apartment hotel with 165 rooms will also be built in the complex.
- "UGMK-Zastroishchik" is currently involved in the development of the sports and tourism complex Sheregesh.
- The developer plans to create key infrastructure for tourists, including a store, sports equipment rental, a children's ski club, gastronomic and entertainment facilities, a spa center, and an open-air pool.
- The project in Sheregesh is planned until 2042.
- A liquefied natural gas regasification station, gas pipelines, and boilers are being designed for the project. Equipment for the delivery of the station has been purchased.
- The station will provide the "Shermont" resort with eco-friendly fuel.
Overall, Shermont is positioned as a major growth driver for Sheregesh, aiming to boost the region’s appeal as a top-tier mountain resort destination in Russia. The project is strategically focused on creating a fully integrated environment for tourism, recreation, and residential living.
Investors looking to diversify their portfolios might consider the real-estate sector in the Shermont project, as it offers opportunities for both residential and commercial properties in a rapidly developing mountain resort area in Russia. With plans to construct a 5-star apartment hotel and 37 apartment complexes, as well as hotels, restaurants, and sports facilities, this project presents an attractive proposition for those interested in the hospitality and tourism sector.
Moreover, the Shermont project's focus on sustainability and eco-friendly practices, such as the planned liquefied natural gas regasification station, makes it an appealing investment option for those who prioritize environmental considerations. Additionally, the project's focus on winter sports, combined with year-round activities, positions it as a viable option for investors interested in sports-related ventures.
