EIKA Development is launching the construction of its managed project “Senamiesčio sodai” at Seinų g. 4, Phase II, a little earlier than planned. After sales in Phase I exceeded 40 percent, it was decided to increase the project’s supply by another 92 apartments and 6 commercial premises. About 15 million euros will be invested in the second phase of the project. Construction work is planned to be completed in the fourth quarter of 2026..
In the second phase of the project, four 4-5-storey A++ class houses will be built, which feature 1-4-room apartments and commercial premises. Customers will be able to choose from 26-124 sq. meters of living space and 44-279 sq. meters of commercial premises for business. In addition to standard layouts, this phase will also offer apartments with mezzanines, the ceilings of which will reach up to 7 meters in height. Under the houses of the second phase, an underground parking lot, bicycle storage rooms are planned, for security – a fenced territory and video surveillance cameras and access control. The apartments are equipped with underfloor heating, balconies and terraces of various sizes.
“We decided to start sales of the second phase earlier, because after selling more than 40 percent of the apartments in the first phase, we already feel that customers are starting to lack a variety of apartments to choose from,” says Tomas Žiaugra, Director of the Development Department at EIKA Development. According to him, the project has attracted a lot of interest from the very beginning from customers looking for apartments for investment. “At the beginning of the first phase, many of the first buyers were investors – they were interested in both apartments and commercial premises. This shows that the project and its location are attractive, and the price here is to be recorded as early as possible. We expect no less interest when the second phase of the project starts: apartment prices here will start from 4,300 euros per square meter – which is extremely attractive in the prestigious housing segment.”
The “Old Town Gardens” complex will be distinguished by its modern and subtle architecture, which will blend in with the surroundings. The facades of the houses will be covered with durable clinker tiles that give a sense of luxury. The magnificent panorama of the Old Town will open through the large panoramic windows. The authors of the project’s architecture are UAB “Aketuri architektai”.
Senamiesčio Sodai is the fourth residential project developed by the EIKA Development Fund, managed by UAB EIKA Asset Management. The construction work of the project has been entrusted to UAB Mana ranga, and the project managers are UAB EIKA Development and UAB Etapas Group.