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There is peace in the work between Konstitucijos Avenue and Upės Street. There is no heavy equipment here, no people can be seen.
However, Marius Žemaitis, director of Investmira, a subsidiary of Lords LB Special Fund I, managed by investment company Lords LB Asset Management, denies that the project has been suspended.
The K18B project is ongoing and has not been suspended. Due to the exceptional architecture of the building, we took unforeseen delays in detailing the technical solutions and coordinating them with the contractors, but soon “Veikmės statyba”, the contractor for the construction part of the project, will resume works at full capacity. ” 15 minutes commented.
Photo of 15min / Construction of 18k on Avenida Konstitucijos
15 minutes remember that construction started in March last year. Construction works were previously planned to be completed in 2021.
The building was designed by D. Libeskind’s studio “Studio Daniel Libeskind”, together with the Lithuanian partners “Archinova”.
The total area of the building, excluding the underground part, will reach 21.7 thousand. square meters meters.
The total investment in the project should exceed 50 million. of which 2 million euros It is planned to allocate 1 billion euros to investments in public space.
The first seven-story building should house the 4-star Radisson RED Hotel. 10,2 thousand kv. It is planned to equip the m area of the hotel with up to 210 double rooms, cultural rooms, restaurants with an outdoor terrace.
Offices are planned on floors 7 to 20 of the building. The total area of the projected offices is approximately 11.5 thousand. kv. m including meeting rooms, reception and rest areas. The estimated number of jobs is about 1,000.
For hotel and office needs, a three-level underground car storage is planned for approximately 13.7 thousand. kv. m, with capacity for about 258 cars.
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