Construction, Estonia, Good for Business, Investments, Real Estate
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Wednesday, 01.05.2024, 23:42
Capital Mill planning to build 27-story highrise in Tallinn
"The plan to act exists, preparations are under way, but things are
not far enough for us to know the precise shape and volume of the building.
Therefore we cannot even forecast the size of the investment at this
point," Capital Mill partner Marko Kull told BNS.
Under the detailed plan, the plot at 30 Maakri Street is set aside for a
commercial building or a residential building with commercial spaces with up to
27 stories above ground and up to three underground levels.
"In collaboration with architects, we must now draw up a detailed
blueprint of the building and its size. The number of stories is indicative,
height is expressed in meters in Estonia and how many stories you put in
between is up to each developer to decide," Kull said.
Kull added that different owners of the land plots have been unable so far
to agree about the precise location and size of the built structure. A more
detailed blueprint is expected to be ready by December.