The Liepu Terasos project – a new development of 340 apartments in Klaipėda

2021-11-30

Development of a new multi-apartment residential district, Liepų Terasos, has been launched near Liepų Street in the northern part of Klaipėda. A total of 12 A+ and A+++ energy performance class 4-storey apartment buildings will be built on a spacious site covering four hectares. The buildings will accommodate around 340 apartments and the project will be developed in four stages. In stage one, buyers will be offered 4-room apartments of 38–65 sqm and in subsequent stages, larger apartments of up to 100 sqm will be built. Investment in the project totals 21 million euros.

Stage one of the project has already started. In the early summer of 2022, two apartment buildings will be completed totalling 3,200 sqm and offering 54 apartments, with 100 sqm available on the ground floor for commercial use. Stage two of the project will start in Q2 2022, stage three in 2023 and stage four in 2025.

“The new residential property market is constantly evolving and the size or energy performance class of the property is no longer the key criterion. Developers of this project focus on new solutions that meet the expectations of today’s buyers – primarily by investing in smart technologies and property solutions that enhance comfort levels,” Donatas Bulvydas, head of sales at Ober-Haus in Klaipėda, said.

The project includes all the required solutions to ensure the safety and comfort of residents: underfloor heating, energy recovery heat exchangers, infrastructure for the installation of air conditioners, and charging points for electric vehicles – which can be shared with other residents or installed for an individual user. According to Bulvydas, in many cases, residents of apartment buildings are hesitant regarding the purchase of electric vehicles, due to limited accessibility to charging points close to home.

“Investment in this project was primarily made by taking into account the location of the site. It is one of the greenest areas of Klaipėda, with convenient connection to the city centre, access to the beach on the Baltic Sea by bicycle or scooter or getting to Palanga quickly,” said Algirdas Stankus, Director of Liepų Terasos.

“We hope that all residents feel comfortable and enjoy life at Liepų Terasos. All ground floor apartments will have access to spacious 9 sqm individual terraces accessed from the living room, and the second and third floor apartments will have spacious loggias or balconies to enjoy the sunsets,” noted Stankus. The apartments on the fourth floor will have private roof terraces and winter gardens of over 23 sqm.

“We have noticed that residents in Klaipėda dislike underground parking, whereas outdoor parking does not protect against weather conditions—in summer cars get hot and in winter they are covered in snow or their windows get frosted. At Liepų Terasos, we opted for a compromise by offering car ports combined with storage spaces,” explained Evaldas Aukštuolis, Technical Construction Supervision Manager at Domus Basis.

The project development team and their partners have been providing services since 1991 and have extensive experience in the construction of residential and commercial buildings in Lithuania and abroad (implementing projects in Denmark, Russia and Austria). With over 30 years in the construction business, they have built more than 220,000 sqm of residential and commercial real estate.

Project developer – UAB Liepų Terasos, construction and technical supervision – UAB Domus Basis, main designer – UAB Vakarų Siluetas (project author – Mantas Daukšys), and concept development, marketing and sale – UAB OBER-HAUS nekilnojamas turtas.