The Crocus Group Holding announced it will augment its Crocus City development in the city of Moscow with 14 skyscrapers. The previously suspended project will emulate New York, according to the company.

"The first phase of the project, which is scheduled to be completed in 2015, is to include three high-rise buildings - a 51-story office skyscraper, a residential complex of 500 apartments and Europe's largest Holiday Inn Hotel at 1,000 rooms," The Moscow News reports.

Phase I will reportedly cost about $3 billion.

The master plan was created by Crocus and American architecture firm KlingStubbins.

Three years ago, Crocus Group called the project "Crocus City Manhattan," but ultimately suspended development.