Vilnius converting defunct factory into modern multifunctional complex

InfrastructureInvestmentsNews

Vilnius has approved plans to build a multifunctional complex in the place of a defunct factory in the Vilkpėdė district. Mayor of Vilnius Remigijus Šimašius previously stressed the importance of developing the city, announcing new projects would start in 2023.

“The general plan encodes the conversion of Vilkpėdė from production and storage to a full-fledged vibrant city district,” he stressed and concluded that the project will improve quality of life in Vilnius.

Construction of the planned complex, which will include residential and commercial zones, is expected to start in the second half of 2023 at the earliest.

Before construction starts, developers have to draw up a detailed technical design, conduct an environmental impact study and obtain relevant permits. Architectural firm DO Architects will design the complex and consult with city representatives as well as environmental and transport experts, in line with previously signed agreements.

The project will help to revive the Vilkpėdė district, with developers to reconstruct city transport infrastructure for cyclists and pedestrians.

Developers noted that the complex will comprise entertainment and shopping areas, a conference centre and a concert hall as well as underground parking.

As part of the project, Akropolis Group real estate company is planning to build approximately 450 apartments for long-term lease. The company pointed out that some 4,500 parking spaces will be available to Vilnius citizens and visitors, adding that the complex will also comprise green and recreational spaces.

(Photo credit: DO Architects)