Invego has announced a new residential project in Riga — Torņakalna Terases, a three-building development planned for Jelgavas street 9 and 17. The project will offer 226 apartments, with construction of the first stage beginning in Q1 2027 and the first homes expected at the end of 2028.
According to Kristjan-Thor Vähi, CEO of Invego, the architectural concept of Torņakalna Terases is aligned with the surrounding environment, with a unique terraced layout at the core of the development to bring more greenery into the homes. “The stepped building volumes and spacious balconies are designed to maximize natural light and integrate the surrounding greenery into the living spaces,” Vähi explains, adding that the V-shaped placement of the buildings will follow the principle to save as much nature as possible and create a sheltered inner courtyard, offering a green and protected space for residents.
Vähi emphasizes that the Torņakalns district has a strong local identity. “In recent years, there have been consistent investments in both public spaces and infrastructure, such as the Mūkusalas promenade on the Daugava embankment,” says the CEO of Invego, adding that Torņakalna Terases reflects the area’s distinct character and long-term potential. He notes that key education and research institutions are located nearby, including the University of Latvia’s academic campus and the LU House of Science, as well as green areas such as Arkādijas Park and Uzvaras Park, further enhancing the attractiveness of the district.
Kristjan-Thor Vähi adds that Torņakalna Terases will include a broad selection of apartment sizes designed to accommodate various buyer groups – from families with kids to professionals and students.
About Invego
Invego is a next-generation real estate developer operating in three countries, specializing in large-scale residential and commercial districts built with a forward-looking, integrated urban concept. With over 10 years of experience, the Invego Group encompasses more than 60 companies across Estonia, Latvia, and Portugal, and is currently managing nearly 30 different development projects. To date, Invego has developed over 150,000 m² of space, including 1,300 homes and more than 50,000 m² of commercial premises. An additional 450,000 m² of residential and commercial real estate is currently under development.