Residential Development Project in Riga City Centre

Investment Opportunity in One of the Most Promising Development Projects in Riga City Centre.

The property is located on Ģertrūdes Street, in a rapidly developing part of central Riga, in close proximity to several major development projects, including Novira Plaza, the upcoming Lāčplēša Square, and the Fabrika project. This area is already emerging as one of Riga’s key urban development hubs, attracting both investors and new residents.

Key Project Parameters
Land plot area: 2,043 m²;
Development concept and building design at the minimum design stage have been prepared;
Construction of two multi-apartment residential buildings is planned;
Total building footprint: 914.45 m²;
Total gross building area: 5,272.4 m², including 1,059 m² of basement area;
The project comprises 148 apartments (101 apartments in Building A and 37 apartments in Building B);
Building heights: 6 and 7 storeys.

The project is based on compact and functional apartments in Riga city centre — a segment that continues to demonstrate strong demand in both the rental and sales markets. Such a product ensures high liquidity and appeals to a broad range of potential buyers and tenants.

The project benefits from a clear development strategy, well-balanced scale, and strong market fundamentals, enabling attractive investment returns. Its location in one of the fastest-growing districts of central Riga is particularly significant, as substantial investments in new residential and commercial developments have been concentrated in the area in recent years, supporting long-term value appreciation.