Thursday April 19th, 2018

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Mežaparka Rezidences development invests 11 million euros to begin building apartments and row houses

In January, SIA Domuss began building seven-section row housing, low-rise apartment building (22 apartments in total), and two twin villas, investing a total of 11 million euros. Building is scheduled to be completed in spring 2019 by construction company SIA Plastik. Advance sales have begun.
Mežaparka Rezidences has already invested 25 million euros. Infrastructure development and landscaping is complete, as is the first private home. Two additional private homes and twin villas are under construction and plan to be completed in June of this year.
This summer, the next phase of apartment building and row house construction is scheduled to begin, as well as a small office building that will house a café, restaurant, and other services for residents of Mežaparks.
“This development offers modern comforts for life in Mežaparks: a green, sunny environment with modern infrastructure and sustainable architecture,” notes SIA Domuss board chair Ralfs Jansons.
“The main advantage clients can expect by investing in the early phase of the project, aside from financial benefits, is choice – choice of design and finishing materials,” says Jansons.

About Mežaparka Rezidences:
SIA Domuss is developing an apartment building complex, Mežaparka Rezidences, in the garden city area of Mežaparks between Koknese and Gustava Zemgala Streets. The designer is Andris Kronbergs, whose basic design concept is to unify existing architecture with modern design and comfort.
At the end of 2015, the first phase was completed – development of infrastructure and landscaping of 10 hectares, including new streets and pedestrian walkways, lighting and utilities.
Mežaparka Rezidences plans to build single home villas, twin villas, low-rise apartments buildings, and an office building, as well as offer 49 plots of land for building.
About SIA DOMUSS:
SIA Domuss is a subsidiary of the US investment fund group NCH, which has operated in the Latvian real estate market since 1995. SIA Domuss projects include apartment and office buildings, the exclusive apartment building complex Ģipša fabrika on Ķīpsala (Phase 2), Felicity Apartments – the first certified BREEAM project in the Baltics, shopping malls (including Riga Plaza), and warehouse and logistics centers.
About the architects:
Vladimir Arsene (Westfourth Architecture): http://www.westfourtharchitecture.com/works/
Gatis Didrihsons: http://www.didrihsonsarhitekti.lv/

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