Baurum to Develop Constanta Apartment Project in Central Riga

Baurum is developing a residential project called “Constanta,” which will convert a historic building in central Riga into approximately 90 apartments, according to a report by The Baltic Times.

What is the Constanta project in Riga?

The Constanta project involves the redevelopment of a historic property located in the center of Riga. Baurum, the developer, intends to create a residential complex consisting of roughly 90 apartments. The project focuses on preserving the building’s historic character while modernizing the interior for residential use, according to The Baltic Times.

How does this project fit into Baurum’s strategy?

The development of Constanta is part of Baurum’s broader investment in the Latvian real estate market. By targeting historic buildings in central locations, the company is focusing on the “premium” and “upper-mid” segments of the housing market. This approach prioritizes the restoration of existing architectural heritage over the construction of new high-rise structures in the city center, as detailed in the project announcement.

What are the specifications of the development?

While the total square footage of the building was not disclosed, the project is defined by the creation of approximately 90 individual residential units. The developer has emphasized the building’s location in the heart of the capital, which positions the project to attract buyers seeking central urban living within a preserved architectural shell.

The project remains in the development phase as Baurum moves forward with the conversion of the historic site.