Moscow's financial district, with its $12 billion worth of skyscrapers, was meant to be a gleaming beacon for Russia's post-Soviet market economy.
But now with Russia's economy in free-fall, the Moscow City complex property values have nosedived, construction sites are abandoned, and vacancy rates have soared to 45%, according to real estate consultants Blackwood.
Moscow-based photographer Konstantin Salomatin visited the area for Business Insider on a recent weekday to see how bad it really is.
Conceived in 1992, the Moscow International Business Center was meant to rival Manhattan or London.
The 148-acre area boasts four of the five tallest buildings in Europe, including the tallest one, The Federation Tower East.
All the towers were built to impress, though, like the 54-story, double helix-shaped Evolution tower.
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