Yekaterinburg to auction Vtorchermet plot with 12 houses for demolition

Two land plots with a total area of 28.3 thousand square meters in the Vtorchermet district are being put up for auction. The starting price for the lot is set at 693,049 rubles (approximately $7,700 at current rates), and the auction step is 34,600 rubles (approximately $380).

The territory is included in the Comprehensive Territorial Development Program (CTDP), which involves demolishing existing buildings. Twelve residential buildings located within the boundaries of Selkorovskaya, Musorgsky, Gazorezchikov streets, Obkhodnoy Lane, and Okruzhnaya Street are to be dismantled.

Initially, a nine-story building at Selkorovskaya, 64a was on the demolition list, but it was later decided to preserve it.

The auction winner, in addition to constructing new housing, will have to develop design and estimate documentation for the major renovation of School No. 21 and build a kindergarten.

Earlier in December, a starting price of 277,500 rubles (approximately $3,100) was set for a plot in Novaya Sortirovka, where five houses are also planned for demolition. Prices at such auctions often increase manyfold: last year, one of the lots sold for 504 times the starting price, reaching 164.4 million rubles (approximately $1.8 million). Local developers have repeatedly stated that the sharp price hikes at auctions create problems for the market.

The renovation program has been in effect in Yekaterinburg since 2022. The first building constructed under the CTDP was completed last year. Information on all plots included in the program is available on an interactive map. Recently, another territory in the city was transferred for renovation.