Russian developer bets on "Manhattan sur Seine"

Sun Nov 4, 2012 5:24am EST
 
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By Christian Plumb

PARIS (Reuters) - 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 criticize 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, Socialist councilor for Courbevoie, a neighborhood that adjoins La Defense. "If it does work, we'll have the type of people who live there for one or two months out of the year. The rest of the time it will be empty."   Continued...

 
The project for the Hermitage Plaza towers, designed by British architect Norman Foster, in La Defense near Paris, is seen in a handout released by Hermitage Group on October 29, 2012. 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. If the Hermitage Plaza towers 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. REUTERS/Groupe Hermitage/Foster + Partners/Handout