The Moscow Commission for Urban Planning and Land, formed by Mayor Sergey Sobyanin to consider investment contracts, has cancelled construction of a guest house of the Armenian Embassy at the Andronievskaya Square in the city center, RIA Novosti reports.
Reconstruction of the residential building at the Androniyevskaya Square, 6, building 3-4, was approved in April 2005. Moscow was to pay for moving its residents.
The building was to become a hotel with about 5,600 square meters of space, 2,000 square meters of them were meant to be underground.
The Armenian Embassy and Uniprom-I.V.V. were the investors of the project.
