Sales of Exclusive Central City Development Property Tuukri 4 Commenced
Today, the sale of one of Tallinn's most attractive development properties in the city center, Tuukri 4, was announced. The detailed planning of this quarter took the city administration several decades, which is why this is a major step in Tallinn's development, transforming parking lots into an attractive and vibrant urban environment.
The Tuukri 4 property is located in the heart of Tallinn's city center, at the intersection of Reid and Jõe streets, connecting the lively business district, the passenger terminal, and the residential area on the Kadriorg side. The location offers excellent accessibility in all directions and is in close proximity to the best restaurants, cafes, shopping centers, schools, sports clubs, and Reid Road promenade.
Development potential and building volume
On the 3038 m² property, it is permitted to construct a building with up to 8 above-ground and 2 underground floors, with an above-ground gross floor area of up to 9870 m². The planned distribution of the building foresees that 65% of the space will consist of first-class commercial premises and 35% exclusive residential units. According to the plan, it is possible to construct up to 43 apartments and 75 parking spaces on the underground floors.
The sale and development of the property marks an important step in modernizing Tallinn's urban space, continuing the direction aimed at transforming former parking lots and unused areas into vibrant, green, and multifunctional quarters. The detailed plan established by Tallinn City Government permits the construction of modern commercial buildings and apartment buildings in the area, creating an attractive and highly green street space around them.
The plan also foresees a larger green space in the middle of the quarter, which will add openness and quality of life to the area. The Tuukri 4 property building will be an important architectural link that logically completes the edge of Jõe Street and brings new services, life, and value to the area.
