The customer of the construction is Graal LLC. The company's beneficiaries are Ihor Nikonov (KAN Development), Ofer Kerzner (City Capital Group) and Oleg Havrylyak.
In turn, KAN Development confirms, that the future object will correspond to the maximum height of the buildings with which it borders - i.e. 34 meters.
"We inform you about the availability of all permit documents, as well as the fact that the construction project involves bringing the building to the level of the existing building. It was this project documentation that received all the procedural approvals. We have also fully met all the restrictions imposed by the UNESCO buffer zone and the UNESCO notification procedure itself, taking into account the fact that the object is located in the UNESCO buffer zone," the developer said.
In 2003, the Kyiv city administration recognized this company as the winner of the investment competition for the reconstruction of the European Square with the construction of a complex of non-residential premises and the arrangement of the underground space under Khreshchatyk (from the Maidan to the European Square) and under Hrushevsky Street (from the European Square to building No. 4).
The central element of the reconstruction project was to be the construction of a skyscraper - the "Stolichny" office-hotel complex on 47 floors with a parking lot for 1000 spaces.
These plans led to a public protest, as the plot of land is located within the historical area of the urban planning monument of local importance "Khreshchatyk Street" and partially within the buffer zone of the UNESCO site.
In 2021, the limited liability company "Graal" renewed the lease agreement for a land plot for the construction, operation and maintenance of an office-hotel complex at 5 Khreshchatyk Street, behind the "Dnipro" hotel.
In addition, Graal LLC was given a 5-year lease of a plot of land at 4B Mykhailo Hrushevsky Street. And also for the construction and maintenance of an office-hotel center. A historical building is located on this site - Ivan Bonadurer's pre-revolutionary residential wing. The building is valuable as an example of the early construction of Hrushevsky Street near Khreshchatyk, as almost no similar architecture has survived in Kyiv.
The developer refused to build a skyscraper, instead, two buildings with 10 floors each are planned to be built on these plots, as well as an underground parking lot for 146 cars.
