Tashir opens a modern shopping gallery Tashir Street in Yerevan downtown

Tashir Group has presented its new Tashir Street shopping gallery, newly open in the capital of Armenia. The 12K sq m GBA object is perfectly located in the underground area of Northern Avenue, the city’s main pedestrian street.

Tashir Gallery was constructed within a complex project of Northern Avenue improvement, finished in autumn 2015. During its first stage, Tashir Group reconstructed the avenue (i.e. repaved the sidewalks, added greenery, lights, fulfilled engineering and waterproofing works) to build a comfortable promenade in the heart of the country’s capital. The city’s key pedestrian artery is a charity project, Tashir Group’s contribution to the new image of modern Yerevan. The second stage of the project was the construction of a modern shopping center.

Tashir Group was the single executor of all project stages, having invested a total of 14M USD in the gallery. The opening of the project will create about 300 new jobs.

On the 14th of May, Taron Margaryan, mayor of Yerevan city, participated in the grand opening of the Tashir Street, cutting the red ribon that officially started the work of the center. The mayor congratulated the management of the center with this opening, including Samvel Karapetyan, the president of the Tashir Group, personally, and thanked them for creating such a place in Yerevan: "Today we see a great example of collaboration between the government and private business, resulting in this contribution to the development of the city and provision of urban amenities. Several years ago, Yerevan City Hall signed a memorandum of cooperation with Tashir Group, where an opening of this center was listed among other things. What is more important, it creates 300 new jobs and 200 parking places, helping to significantly decrease the traffic in this part of the city center", - said Mayor Taron Margaryan.

The new shopping gallery is uniquely placed directly under the famous 400 m promenade and a width of 30 meters, with 7 entrances leading to it from Northern Avenue equipped with escalators and lifts. A level deeper than the shopping gallery, there is a 200 car parking lot available for gallery visitors as well as other locals.

Gayk Ignatyan, First Vice President, Tashir Group, notes: “Last autumn, the residents of Yerevan discovered a new, better Northern Avenue, a symbol of the city and the location of choice for both locals and guests of the capital. The gallery being open, now the route joining the two main squares of Yerevan, Republic Square and Liberty Square, is fully empowered to become the city’s most advanced area. For us, the project has become extra special because we had a chance to re-do the whole territory and create a brand-new, multifunctional space for all the city.”

The 5K sq m GLA shopping gallery features clothes, perfumery and cosmetics stores, jewelry and accessory boutiques, electronic goods shops, and cafés. The new operators using the mall as their entering point to Armenian market include New Balance, Togas, Kare Design.

All building works within the Northern Avenue reconstruction project have been fulfilled by Tashir Group at its own expense, both materially and financially. The project has become yet another result of Yerevan city administration’s large-scale cooperation with Tashir Group. We are currently going on with a number of other city improvement projects, e.g. complex reconstruction of Mashtots garden with historical fountains, located at Mashtots Avenue. Moreover, under active constructing works is the new building of Leonid Engibarov Yerevan Circus cultural center.

All building works within the North Avenue reconstruction project have been fulfilled by Tashir Group at its own expense, both materially and financially. The project has become yet another result of Yerevan city administration’s large-scale cooperation with Tashir Group. Currently going on a work with a number of other city improvement projects, e.g. complex reconstruction of Mashtots garden with historical fountains, located at Mashtots Avenue. Moreover, under active constructing works is the new building of Leonid Engibarov Yerevan Circus cultural center.