The construction company “Mapri Būve” has started the construction of a new apartment building complex “Skanstes Rezidences” on Grostonas Street 9, near the Riga city center with stunning views across the city. The new project worth over 10 million euros will consist of two buildings with 67 apartments in total and will be completed by the beginning of 2026.
The project “Skanstes Rezidences” is executed by leading Estonian developers Invego and Reterra. “Company “Mapri Būve” is an experienced constructor with an extensive portfolio and we are confident in their ability to realize our vision of “Skanstes Rezidences” – to create premium-class residences that combine elite architecture and future technologies,” says Kristjan-Thor Vähi adding that exactly the same developers are already working together on a multi-apartment district “Parka kvartāls” where SIA “Mapri Būve” is also involved as constructor partner.
“Our desire is to add something completely new and unique to Riga’s real estate market. The vision of the project is to create a seamless fusion of architecture, landscape design and art into one unified entity,” says Reterra CEO Reigo Randmets and reveals that the project has already generated a lot of interest with over 15 apartments being sold even before the construction was started. “Buyers are impressed not only by the architecture and design of the buildings, but also by the views overlooking Riga. Additionally, the location of the project – just a short distance from the city center – is a key factor. The Skanstes district is dynamically evolving, making it one of the top choices for those who embrace an active lifestyle,” Randmets explains.
The new “Skanstes Rezidences” complex will feature two eight-story buildings with energy efficiency class A, connected by a shared lobby and a spacious underground parking garage. Apartment prices start from €119,900. Designed for those seeking sophistication and uniqueness, the complex offers a selection of 1-4 room apartments with balconies and roof terraces, including various loft-type apartments with soaring ceilings – in some of them the ceiling height reaching up to 6 meters. With large windows and elevated positions, residents will experience exceptional views of Riga and its surroundings. All residences come with full finishing, and buyers can choose from a variety of interior design options.
Invego is one of Estonia’s top real estate developers, having built homes for over 1,300 families, and developed 30,000 square meters of commercial space in Tallinn and its surroundings in recent years. In Latvia, Invego is behind major projects such as the “Vide Ādaži” village, the “Parka kvartāls” residential district and the “Vītolu parks” residential complex.
Reterra has rapidly become an important player in the Estonian real estate industry, focusing on residential and commercial projects in Tallinn, Tartu and Riga. Reterra has completed 800 new homes, and the company also manages 70,000 m2 of rental space, serving clients such as “Telia”, “Pipedrive”, “Selver”, “Coop” and “Leonhard Weiss”.