Instead of R. Baranauskas house in Vilnius – 100 apartments

“Realizing that we need an exceptional project in this place, we choose between several architectural ideas. The project we have chosen is characterized by conceptuality, integrity and a special attention to detail. This is especially important to ensure the privacy of potential settlers and the quality of life in the center of the capital at the height of the individual home environment, ”said Julius Dovidonis, CEO of Realco.

According to the project of the architectural bureau “Arches”, which won the competition, on the territory of Algirdo str. Projected building of 3 perimeter apartments, where 100 apartments will be offered to the market. Realco announces that it will invest approximately 16 million LTL in the construction of the house. EUR.

According to the developer, the project provides for apartments of a prestigious segment, the areas of which will reach 50-130 square meters. meter. In the closed patio of the house there will be games, peace and relaxation, sports areas.

The project is in the process of detail and it is planned to present it to the public later.

This spring, the Algirdo street site was acquired by UAB Algirdo Turtas, owned by UAB Lag & d, a shareholder of Icor and Realco.

The territory’s previous owner, UAB Kenova Asset Management, had a building permit to build an apartment and office complex here and planned to spend $ 20 million. Investment in euros, but then decided to sell the plot.

Realco decided to develop a housing project in the area, which is why it changed the land use documents after the acquisition.

Currently, Realco is also developing the 7-apartment block in the Pašilaičiai district of the capital and is planning the construction of the Prie Vilnelė apartment building in Markučiai.

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