On the lot where a spa was planned some years ago, a commercial and apartment building will begin to be erected in 1.5 years from now, said Mr Sõõrumaa: «In the centre, apartments will be the main emphasis. Ground floors will be for commercial spaces.»
The apartment block will sit between two shopping centres – the future Porto Franco to its West, and Norde Centrum towards the East. As for the owners of the latter, by spring 2017 they intend to double its size. The competition being tough, enlargement is needed for development. «We have had work underway for about a year and a half. At the moment, we are applying for building permit and the procurement will be launched this very week. I do not see a need to change anything now due to the developments next to us,» said Capfield OÜ board member Ruben Gornischeff.
«While initially we thought we would do a simple extension to the centre, today we will lay more emphasis to its interior and outer quality.»
The area does feature one more mover and shaker – AS Port of Tallinn –, which has thus far kept to the sidelines. «Regarding the land with options for development, for years we have been thinking, analysing and planning. We have been asked: how long will you then be preparing? For 20 years you’ve been deep in thought. I’d say very serious work in that direction has begun during the past five years. Five years planning harbour areas is a very short time, as this is no ordinary planning of lots,» explained the port’s real estate development business direction head Ahto Ader.