Residential development plan with a view of Kronvalda Park

An exceptional development property is offered for sale in one of Riga’s most prestigious central locations – Citadeles Street 5. The property comprises a land plot with an existing single-storey brick building and a professionally developed architectural vision for a high-end residential and office development.

An in-depth architectural study of development parameters has been completed, providing a clear framework for future construction. The existing building has no cultural heritage designation, allowing flexibility in redevelopment.

Situated in Riga’s active city centre, the property benefits from immediate proximity to the Quiet Centre, Old Town, and the historic core of the city. Upper floors are envisioned to offer panoramic views of Kronvalda Park and the Port of Riga.

Key Development Highlights
-Centrally located land plot with strong development potential adjacent to a park
-Concept design for a 6-storey residential / office building
-Planned net usable area: approx. 2,271 sq.m, including basement
-27 underground parking spaces
-Floor-to-ceiling heights:
Ground floor – 3.50 m
Floors 2–6 – 3.30 m and above
Maximum building height – 24 m

Approximate Floor Areas
Basement – 536 sq.m
Ground floor – 396 sq.m
Floors 2–5 – approx. 388 sq.m each
6th floor – 355 sq.m
Total area:
Approx. 2,303 sq.m (excluding basement)
Approx. 2,839 sq.m (including basement)
Net usable area (approx. 80%):
Approx. 1,842 sq.m (excluding basement)
Approx. 2,271 sq.m (including basement)
Utilities
All essential city utilities are available nearby, including water supply, sewage, electricity and district heating.
Location
Citadeles Street 5 is a highly desirable address within Riga’s central district, offering excellent infrastructure for both residential and commercial use. The surrounding area features parks, tennis courts, the city canal, the Daugava River with yacht marinas, and a mix of premium residential and commercial properties.