Cornerstone was laid for the second house in the Jõekaare residential area
On 4 April, a cornerstone was ceremoniously laid for the second building in Jõekaare residential area in Tartu, the Siili St. 8 apartment building. Siili St. 8 building is situated on the western bank of the picturesque Emajõgi River, and it is a good example of the symbiosis of unique location and modern architecture. The registered immovables that belong to Tartu city and SRV Ehitus are planned to house a total of 9 contemporary apartment buildings.
The ceremony of laying the cornerstone for the apartment building included speeches by the Deputy Mayor of Tartu Jarno Laur, member of the management board of SRV Ehitus AS Priit Sauk, representative of the architectural bureau 3+1 architects Markus Kaasik and member of the management board of the construction company AS Tartu Ehitus Aado Kivi. Other representatives of cooperation partners associated with the project and customers who have already purchased a home in the new building, also potential buyers for apartments and representatives of the apartment union of the neighbouring house Siili St. 6 also took part of the ceremony.
Member of the management board of SRV Ehitus Priit Sauk says that Siili St. 8 apartments are a welcome commodity on Tartu’s real estate market. First sales transactions were notarised a month ago already, the same time as the piles of the building were set. The capacity of the building is very high for Tartu – 48 apartments. If we estimate the sales volume of new apartments in Tartu to be approximately 200 apartments per year, Siili St. 8 makes up about 25% of the total market for new apartments. The location of the building on the bank of Emajõgi River, a few hundred metres from a large shopping centre is highly valued by the customers. The city is developing a new Sõpruse bridge, river port building and a wharf for small ships in the vicinity. The apartments’ windows overlook the river and floodplain. It’s the environment that the customers value besides good planning and quality construction work.
The architectural concept of Jõekaare residential area is designed by the award-winning Austrian architectural bureau Atelier Thomas Pucher, and the building is designed in cooperation with Estonian architectural bureau 3+1 architects. Siili St. 8 building is situated in a unique location surrounded by nature, yet is close to Tartu’s city centre. The building has a total of 48 bright apartments, ranging in sizes from 30 m² to 88 m². Every apartment comes with a balcony. The building will be completed in the autumn of this year.