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In article the problem of irrationally organized massive shabby, including emergency quarters on the example of St. Petersburg reveals. The goal of research: to offer a method of development (renovation) of urban areas by construction of quarters from exclusively high-rise buildings. Because of building of high-rise objects, considered quarters can assume more modern air, increase in the housing areas by 10 times not less in comparison with the previous indicators of this territory, the improved infrastructure of the area, and as a result, emergence of new workplaces. Authors made the analysis of economic indicators of the investment project. The minimum term, for which saved-up income exceeds initial investments (a project payback period) made 2.3 years. The analysis of risks is presented in this articl

Efficiency of Urban Development under High-rise Construction of Districts