Russian developer bets on Manhattan sur Seine

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Agencies: Paris, Nov 05 2012, 20:24 IST
For Paris, a city whose priciest apartments boast mansard roofs and wrought-iron balconies, it's an audacious bet: a pair of shimmering, largely residential, luxury towers that might look more at home in Dubai or Shanghai.

So far the improbable 2.2 billion-euro ($2.88 billion)development of what would be Europe's tallest buildings - eclipsing London's controversial 'Shard' skyscraper - has confounded the naysayers in overcoming preliminary hurdles.

If the Hermitage Plaza towers, designed by British architect Norman Foster, do see the light of day, they could transform the concrete canyons of Paris's La Defense district, now nearly all offices. They could also spur more modern high-end residential construction in a city best-known for its grand 19th-century boulevards.

The idea is to create a Manhattan in the French style in La Defense, said Emin Iskenderov, head of the Hermitage Group, which is developing the towers. There are many people nowadays who want more than the traditional charming Paris apartment.

The project received planning permission in March and has since beaten back several legal challenges from local groups.

One of those groups, Vivre a la Defense, representing tenants of a building that needs to be demolished to make way for Hermitage Plaza, last month appealed to France's highest court after a lower court setback.

Opponents criticise the project for its treatment of local residents. They say Iskenderov's plan to replace the area's moderately priced apartments with luxury ones is wrongheaded in a country that suffers from a housing shortage.

If it doesn't work, we'll be in big trouble, said Jean-Andre Lasserre,

... contd.

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