Information for Investors:
Investment property with total area of the land 965m2. The preliminary survey of the object has been made and a development proposal is designed that includes construction of seven-storey residental building with 28 apartments and comercial premises on the ground floor. Total area of the building – 3335 sq.m.
ABOUT „TRAVERTINO APARTMENTS”
Now there is an ongoing architecture competition which will result in an architectur sketch and contract with winner for further designing. Project ” Travertino Apartments ” – got its name after mineral rock which years ago was widely mined in territory of Latvia. Travertine or tuff is the material that was used as a finishing material for centuries in ancient Egypt and Rome, as well as here in Latvia . This bulk material is included in the regulations for the proposed project , as we found remnants of this high-quality material in this property and we decided that this is the way how to keep inherent authenticity and sophistication in this new building.
The property is located in the historic centre of Riga, on the authentic city environment territory with cultural and historical significance, which is characterized by a great number of the art nouveau buildings and is included in UNESCO World heritage area. This is one of the most prestigious areas of the capital of Latvia, where in recent years have been renovated several art nouveau pre-war buildings.
In surrounding neighborhood there is developed high-value projects like „Tal Residence”, „Elizabeth nams” and „Elizabetes Park House” as well as active construction is going on in Strelnieku street 7, Dzirnavu street 6 and on the corner of Jeruzalemes street and Dzirnavu street. In a few years time there is plans to develop few new projects such as „Magdalēnas nami”, multi-functional business and residential project „New Hanza City”, which is going to connect historic centre of Riga with bank and business area in both sides of Skanstes street. Not far from the property are located various embassies, finest restaurants in Riga, concert halls and theatres. The property is only 10 minutes walk away from the city centre, Old town.
Area of the land plot – 965 m2
Total area of the new building – 3335 m2
Usable area of the new building – 2309 m2
Area of the underground parking – 552 m2
Number of places in the underground parking –18