| North Avenue |
| The first phase of auctions for identifying developers
of land plots in the neighborhood of North Avenue, held by the company
Harutiunian & Associates Law Office under the appointment of the
Yerevan City Municipality, has successfully completed with the following
winning bids: Plot 1 - 1400 sq.m., USD650/sq.m. Plot 2 - 1400 sq.m., USD531/sq.m. Plot 3 - 1300 sq.m., USD180/sq.m. Plot 4 - 600 sq.m., USD400/sq.m. For the land Plot plan click here. The company is currently starting the second phase, and the next auction has been announced for March 29, 2002, for the land plot number 6 with a floor area of approximately 1300 sq.m. Being adjacent to Tumanyan and Teryan streets, this land plot has a prime location with a great view on the Opera House and the Swan Lake. The North Avenue project is the most significant urban development undertaking in the capital of Armenia over the last decades. Strategically located in the hearth of the City, North Avenue is planned to be a 400 meters long and 24 meters wide pedestrian avenue connecting two most significant centers of the Yerevan downtown -- the Opera House and the Republic Square. Being on the same axis with the Monument and Cascade, Opera House and Tigran Mets Avenue and pointed to the Ararat Mountain, North Avenue promises to become the real pearl of Yerevan. Should you require any further information in connection with this auction or possible interest in future initiatives related to the North Avenue Project, please do not hesitate to contact us. Harutiunian & Associates Law Office Tekeyan Center, 4th floor 50 Khanjian Str. Yerevan 375001, Armenia Tel.: +374 1 5595-01, -02 Fax: +374 1 5595-03 e-Fax U.S.: +1 (425) 675-2950 North Avenue - part of architect Alexander Tamanian's original
plan for Yerevan - will connect Opera Square and the main Republic
Square. City authorities want to clear 50,000 square meters of space
for the project. |
 Click the map for a larger view. |
 The process of downtown renovation has already marked its startup. Tumanyan str, Feb 4, 2002 |
 Construction site on Tumanyan ave., Feb 4, 2002 |
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 Here will pass the Northern avenue, Feb 4, 2002 |
 Some parts of the houses are not destroyed yet, Feb 4, 2002 |
 Here the it will cross the Yeznik Koghbatsi street, Feb 4, 2002 |
 ... and this one will be destroyed too, Yeznik koghbatsi str., Feb 4, 2002 |
 These houses on Pushkin street will be destroyed as well, Feb 4, 2002 |
 ... they are already empty... Pushkin str., Feb 4, 2002 |
 The avenue will cross the Pushkin street here, Feb 4, 2002 |
 And here it will go out on Abovyan street, Feb 4, 2002 |
 These houses on Abovyan street are also to be destroyed, Feb 4 2002 |
 The Kara-Bala statue too... |
 And here is the other end of the avenue, Arami street, Feb 4 2002 |
