ARC: Arco Vara starts construction of the first stage apartment building in Kodulahe residential development project in Tallinn
Kodulahe first stage apartment building with 125 apartments and 5 smaller commercial spaces (net sellable area above grade over 8,700 sqm) will be located in Lahepea street 7 Tallinn. The apartment building will be part of living environment, with the area of 2.8 ha in district of Mustj?e and Merimetsa. Project data could be found in the webpage kodulahe.ee.
Arco Vara acquired Kodulahe project’s property in June 2013. Detail plan for building 330 apartments was adopted in September 2014. Design contest for electing best architectural solution and designer was conducted in November 2014. Construction permit for building first stage apartment building was issued on 30 September 2015. In fourth quarter, the group was occupied on election of best construction company and financing provider. Marketing started in October 2015 and first pre-sale agreement was concluded on 9 February.