Releven, a developer of real estate in Vilnius, Lithuania, announced the receipt of a construction permit for the Horizontai project, a transformative development on the right bank of the River Neris at 59 Lvivo Street. With an estimated cost of €220 million, the Horizontai project will shape the landscape of the Central Business District (CBD) in Vilnius, positioning itself as the new centre of the city.
The project encompasses the construction of two residential high-rises featuring approximately 300 apartments, along with three office buildings housing administrative, service, and retail spaces. Additionally, a dedicated building for restaurants will be included, creating a dynamic and vibrant community within the Horizontai Quarter.
According to Guido Wolf, Director of Sustainability and Innovation at Releven, the developer behind Horizontai , this project will redefine the concept of urban living in Vilnius. The 15-minute city model will enable residents and workers in the area to access major destinations within a short walking distance, promoting a more sustainable and efficient lifestyle.
“The Horizontai project will eliminate the hassle of daily traffic and parking, allowing residents to save time and money while contributing to environmental protection by reducing car emissions. This development will create a self-sufficient neighbourhood with a diverse range of services and retail outlets, providing residents with everything they need within a 15-minute reach,” said Guido Wolf.
Notably, the Horizontai project aligns with the ’15-minute city’ concept. The development will adhere to the highest sustainability standards, incorporating solar panels on building roofs and utilizing geothermal energy for heating. Office buildings will achieve BREEAM Outstanding and Well Gold certification, while residential buildings will be BREEAM New Construction certified.
Architected by Lukas Rekevičius, Milda Rekevičienė of Aketuri studio, and Edgaras Neniškis of Arches studio, the design of Horizontai reflects a modern, efficient, and sustainable urban environment. The premium 22-storey residential tower within Horizontai will feature 100 apartments, ranging from 50 to 170 sqm, along with exclusive amenities such as meeting rooms, co-working spaces, a private mini cinema, sauna, gym, and more. The other two buildings will offer 200 smaller apartments, community spaces, landscaped terraces, and ground-floor service businesses and cafes.
Construction of Horizontai is slated to commence in 2024, following a contractor selection process through a tender. The project will unfold in multiple phases, with the first phase, the largest in volume, expected to be completed in early 2027.
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