Kiyokazu Arai, Arai Architects company director, was announced International Architectural Concepts Competition winner to be awarded with USD 70 thousand prize, project manager, architect Levon Vardanyan said.
As he told a news conference in Yerevan, Kiyokazu’s project features a hotel, business center and an apartment complex to be constructed at former location of Yerevan’s Youth Palace. 101-meter Intercontinental hotel will be the tallest building in the city.
“Project approval to be passed by Yerevan’s town planning committee will be followed by the launch of 3-4 year construction. Construction costs are estimated at USD 200 million,” said Eduard Avetisyan, head of Avangard Motors company, the contest initiator.
