Reservation level (50% required)

  • Status In planning
  • Estimated price 2 300 - 2 600 €/m²
  • Address Flexible
  • Project size 4 floors (25 condos)
  • Community amenities budget 30 000 €
  • Reservation fee 1 000 €
  • Expected completion date March 2025 (assuming 50% reservation by January 2023)
Next: Layout customization
Next: Layout customization
Culture・Green・Family・Active

Key highlights

  • Rapidly growing location
  • Peaceful and green area
  • Proximity to city center
  • Flexible layout options
  • Thriving cultural hotspot

Project Teika presents the perfect city living opportunity. With a growing community, social events emerging, and nature at your fingertips, you can enjoy all the benefits of a city living in a newly developing area.

The opportunity

This project is ideal for anyone who wants to live close enough to the center of Riga but at the same time feel like they are living in a peaceful and green area.

Recreational opportunities in this project will be available for all ages in the well-maintained, closed area – there will be several exciting playgrounds for the younger residents, the more sporty activities will be in the gym area, while pleasant evenings with friends or neighbors can be organized in several gazebos with picnic tables. Everything you wish and need, you will be able to collectively decide upon together with your neighbors.

Building features

The building will combine the elements of wood, glass, metal and concrete. Most importantly, this project is designed to leave the smallest overall environmental footprint through carefully selected materials and technologies.

Neighborhood

Teika is a neighborhood with a historical breath, which has retained its prestige and desirability to this day, both due to its excellent location and the humaneness of the surrounding buildings and living environment.

In recent years, as more and more new business projects are being created and the districts of private houses that have been handed down for generations are being renovated, Teika is no longer considered a suburb in the eyes of the public – it has almost become a part of the center of Riga, while maintaining the opportunity for residents to get away from the hustle and bustle and live in a peaceful oasis.

Distances by transport:

  • Rīga center – 10 min
  • Airport – 20 min
  • Shopping mall Domina – 2 min
  • Grocery stores – 3 min
  • Riga Teika Secondary school – 2 min
  • Mogo hockey ring – 5 min

Project status

Project Teika is currently in the conceptual stage. This means you can join 15 – 25 other like-minded people and families to create custom-designed condos and order the project together.

We’re currently in the process of searching for the perfect piece of land to develop this project on – which you get a say in, along with your future neighbors. 

Assuming 50% reservation by January 2023, we expect the building to be delivered in 18-24 months.

Because the building hasn’t been ordered yet, the customization possibilities for your new condo are limitless. We’ve prepared unique layout templates for the condos and commercial space, which you can completely customize. Plus, by joining the project from the start, you and your neighbors can collectively purchase upgrades for your common area amenities.

Cubed empowers you to live sustainably in a home and community that you’ve helped create.

Make your investment count by choosing CUBED.

Financing

  • As this is a category “A” energy efficiency building this project concept qualifies for special financing from SEB & Swedbank:

 

  • ・Up to 0.5% lower interest compared to standard
  • ・Free mortgage assessment
  • ・Up to 30-year loan
  • ・Down payment starting from 15%

Estimated cost breakdown

  • 2300 €/m² total cost:

 

  • ・1100 €/m² construction costs
  • ・100 €/m² amenities
  • ・50 €/m² land
  • ・300 €/m² platform fee
  • ・300 €/m² interior design (Standard)
  • ・450 €/m² tax

How to start with Cubed

  1. Discover a project

    Choose where you’d like to live by browsing our available projects and locations. Can’t find anything you like? Suggest a new project, and we’ll match you with others looking for the same thing!

  2. Create your condo layout

    Use our self-service platform to design your ideal condo layout. Our designers will support you to make any customization. Even if you haven't found a project yet, you can start creating a custom condo layout. Then we'll help you find a project that fits.

  3. Receive offer and make a reservation

    When you’re ready for us to bring your vision to life, agree to our offer and make a reservation for your custom condo.

Frame 109