PHOTO: The historic telephone exchange in Riga is being converted into special apartments

Real estate developer “VILIA” presents the HALLO LOFT project at Krišjāņa Barona street 69, Riga. The project offers 40 fully furnished apartments that combine modern design with historic architecture. HALLO LOFT is located in a renovated Art Deco building from 1928, which was originally a telegraph exchange, honoring and revitalizing Riga’s architectural heritage.

HALLO LOFT is located in the historical center of Riga, offering a comfortable and developed infrastructure – easy access to public transport, parking facilities and easy access on foot or by bicycle. The project combines all the advantages of the city center, including nearby shops, sports clubs, cafes, restaurants and a park to walk or relax in the fresh air. Security is guaranteed with a closed area and a video surveillance system, while the green garden and high-quality sound insulation ensure a sense of privacy and peace in the center of the city.

In the project, it is possible to buy spacious apartments from studios to three rooms, with areas from 17 to 70 m2, starting from 77,000 euros. The prices refer to apartments fully equipped and furnished, which means that the new owners do not need to invest extra money or time, since the designers have taken care of everything on behalf of the person -client. There are also 6 parking spaces available for purchase, in an enclosed area, in the courtyard of the building.

During the renovation process of HALLO LOFT, the facade of the building was completely renovated, the original windows were restored and detailed copies were made for new windows. Replace all necessary communications – risers, electricity and other engineering networks. A new central heating system with individual meters has been installed, as well as a modern recovery system that ensures efficient air exchange, improves air quality and helps maintain energy efficiency. Modern and functional furniture from the environmentally friendly manufacturer “Kave Home” was chosen to furnish the apartments, the kitchens are equipped with high-quality household appliances “Bosch”, and “Grohe” and “Duravit” sanitary products were used in the bathrooms.

Built as a telegraph exchange

The historical building, which is now decorated in new green tones, was built in 1928 according to the project of the architect Dāvids Zariņas for the needs of the telegraph exchange. The architectural heritage gives a special value to this building – at one time, the Art Deco style became a very popular choice in the construction of buildings related to modern times.

After the rebirth or renovation, the uniqueness of the house can be measured in several aspects: the selected green tone of the facade, the visual effects typical of Art Deco style architecture, the central location, as well as originality within. There are high ceilings, unusual design, wide windows and endless possibilities in interior design solutions. The particularly high ceilings allow you to rise up and build the living space on two levels, with a sleeping area or, for example, a home office with a library on the second level.

The potential of old buildings can be seen

In the “VILIA” property portfolio, this is not the first renovated project in Riga with the possibility of a second life. In 2023, the reconstruction of the building built at the beginning of the 20th century on Kuģu Street 13 was completed, which turned into a high-quality apartment building.

“We assess the buildings, focusing on their potential, historical value and location. We chose the Loft building because of its excellent location in the center of Riga and its unique architectural features, which offer a great opportunity for revitalization and integration into the modern building. We have successfully implemented the Hoffmann Rezidence project Kuģu Street 13, where we renovated a building built at the beginning of the 20th century, giving it new life and functional meaning in the modern urban environment as well implemented the ambitious project “Dainas” in the historical center of Riga, in which 112 apartments were built and offered for sale, informs the representative “VILIA”.

To restore the mansion HALLO LOFT, it took almost a year and 5 million EUR was invested in it. The project is suitable for those who appreciate living in the city center with all the amenities, as well as investors who want to take advantage of the demand for short-term rental properties. period or long term.

When asked how he would describe the pricing policy in such a refined jewel, the developer says that the prices are designed in such a way that the overall price of the apartments is attractive.

The founder and sole shareholder of the project developer “VILIA” is Armands Broks – a businessman and investor with more than 20 years of experience in the field of financial technology and real estate.