2021/03/04
The second phase of the 7 Vakarai multi-apartment project in Pašilaičiai has been launched. As a result, 172 partially finished apartments will be equipped in two 6-storey buildings. It is planned to invest about EUR 8 million in the second construction phase.
After the completion of the second and final project phase, buyers will be offered 2–3 room partially finished apartments with areas from 42 to 55 square metres.
The ground floors of the buildings will accommodate commercial premises, garages and bicycle storages. Above-ground parking spaces will be provided near the building. Nearly a third of the territory around the buildings will be dedicated to green spaces.
“When developing residential projects, we always pay attention to the functionality of the finished buildings, the comfort of the apartments and the satisfaction of the needs of the residents. The 7 Vakarai project is no exception. Energy class A+ ensures that the buildings will be warm, cost-effective, and environmentally friendly. The apartments are designed to make the most of all their spaces. As the project is aimed at young families, there are spacious children’s playgrounds and leisure areas next to the buildings,” says Julius Dovidonis, CEO of Realco.
The first residents will settle in this year already
Currently, the first phase of the project is underway – two multi-apartment buildings are being built and will offer both partially and fully finished apartments. It is planned that the first residents of 7 Vakarai will be able to move into their new homes at the end of this year already. According to the company, the sales of the first phase are gaining momentum – about 50 per cent of the apartments have been sold.
The developers notice that, although fully finished apartments attract some interest, Lithuanian buyers still prefer partially finished apartments, especially when it comes to economy-class projects. According to Mr. Dovidonis, apartments with full finishing are attractive to buyers who want to save time, seek quality and guarantees. Apartments with partial finishing are usually preferred by those looking for cheaper housing or buying property for investment.
“In Lithuania, it is still common to buy housing with partial finishing, where buyers fit out the property themselves. However, people often underestimate several aspects of fully finished housing. One of them is that real estate developers use reliable contractors to perform the finishing works, which allows ensuring high-quality results. Another is the time saved. Also, the finishing works will be covered by a warranty,” explains the CEO of the company.
Spaces for rest and active leisure
According to Mr. Dovidonis, these multi-apartment buildings will be primarily occupied by young families that find it important to have outdoor spaces for leisure and children. In the territory adjacent to 7 Vakarai and owned by the city of Vilnius, a several-hectare Pavilnioniai Park will be built to offer large green spaces, children’s playgrounds, outdoor exercise equipment, footpaths and bicycle paths, and a dog training ground.
In addition, the square at the intersection of Perkūnkiemio and Pavilnionių streets is being renovated: it will offer sports grounds, playgrounds, picnic areas, separate spaces for cycling, roller skating and walks.
Those who prefer longer walks can use the pedestrian bridge to cross the western bypass to easily access Buivydiškių ponds and Gineitiškės lake that are only a few kilometres away from the multi-apartment buildings.
There are several kindergartens, schools, shops and a public transport stop near the complex. By a private car, any part of the city can be accessed quickly and without getting stuck in a traffic jam, as the apartment buildings are built near the western bypass.
It is planned to complete the 7 Vakarai project in the third quarter of 2022.
The beginning of the year was highly successful for the real estate developer Realco. Over the first two months of the year, 105 apartments were sold, which is 50 per cent more than during the same period last year.
In Markučiai neighbourhood, Realco is developing the Prie Vilnelės project. It is also offering prestigious apartments in its Algirdo 3 complex. In addition, in the near future, the company plans to introduce another new project to the market – Go Life which will be located next to the Ozas Park. Realco currently has 653 unsold properties available.