20 million euros will be invested in a new project in the territory of the Vidzeme bakery

The real estate developer in the housing segment “Bonava Latvija” will start the construction of the first two five-story residential buildings with 120 apartments in the territory of the historical Vidzeme bakery in Teika, on Ropažu street, this November.

Both buildings, along with the arrangement and improvement of the degraded area, are expected to be completed by the spring of 2023. About 20 million euros are planned to be invested in the implementation of the entire project. On the other hand, the final – third – building of the project, which will have 100 apartments, is planned to be completed in 2024. Simultaneously with the construction of housing, the area of ​​more than 1.6 ha will be improved by greening it and setting up recreation and sports activity areas for all age groups, where residents of the houses can spend their weekday evenings and holidays peacefully and undisturbed. “The biggest benefit of this project is definitely its location with all the advantages of the city center – developed infrastructure, thoughtful and convenient traffic and nearby service and shopping facilities.

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