A Pearl Was Dropped into the Cornerstone of Kotzebue Park!

The latest comprehensive large-scale development project (literally) in Kalamaja, the Kotzebue Park new development, has officially received its cornerstone. What makes this event special is the fact that in addition to the traditional practice, a pearl was also placed in the cornerstone! The stakeholders emphasize that with this symbolic step, Kotzebue Park is a development project that truly is Kalamaja's hidden gem.

Kalamaja's hidden gem

Kalamaja as a living and business environment is known for its bohemian atmosphere, trendy cafes and art galleries, pop-up shops/cafes, and bustling rhythm of life. Kotzebue Park takes the experience of being part of all this to a completely new level, offering a harmonious living environment where history meets modern vibes. Here is the last opportunity to grab a piece of this special neighborhood's heart – and not just any piece, but a true gem!

Akoya pearl in the cornerstone

During the cornerstone laying, a genuine saltwater pearl was placed in a capsule, giving this event special meaning. Akoya pearls are known for their exceptional luster and beauty, being one of the world's most valued pearl types. Pearls symbolize purity, perfection, and timeless elegance. The addition of an extraordinary pearl to the cornerstone marks the charm and uniqueness of the new development, offering future residents exclusivity and perfection.

Marko Bäärs, member of the board of Perton Construction, noted: "The addition of an Akoya pearl to the cornerstone symbolizes our commitment to providing high quality and, in a sense, even luxury. This project is truly unique, offering homeowners the opportunity to live in the heart of Kalamaja – just 300m away from the Baltic Station Market/Creative District and at the same time enjoy privacy, greenery, and the peace of a car-free environment."

Privacy and greenery – a unique living environment

The Kotzebue Park new development consists of six A-energy class residential buildings with a choice of 1-5 room apartments, and all (except 1-room) homes have their own terrace or balcony. Kotzebue Park is located in an inner courtyard, ensuring true privacy for its residents. Although Kalamaja is known for its vibrant and active community, Kotzebue Park residents find peace and quiet in front of their home. In addition, the development extends as if into Kalma Park, offering even more greenery and leisure opportunities.

Kotzebue Park – penthouses

The cream of the crop in this greenery-surrounded new development are the penthouses located on the 4th floor of all buildings, from which you can drive directly from your private underground closed garage into your apartment! Here you will find a home-spa, a sunny terrace, a separate master-bedroom area, high ceilings, large windows, and more. Luxury living environment and everyday convenience – these are the standards for the most demanding taste!

Exclusive opportunity

Since the project began sales last year, apartments equivalent to three of the six buildings have been sold, which proves the attractiveness of the neighborhood and the project on today's real estate market. Kotzebue Park is the last major development in real Kalamaja, offering modern and quality homes that meet demanding tastes. Here you have everything you need – spacious and bright rooms, a private terrace/balcony, well-thought-out floor plans, fully underground parking, and much more. Future residents will be able to enjoy the vibrant atmosphere of Kalamaja while being surrounded by greenery and a peaceful environment.

Market statistics

In the first half of 2024, the sales turnover of the North Tallinn real estate market was almost 44 million euros. Although many have been waiting for a price drop for a long time, in the first half of 2024, prices in the North Tallinn area have actually risen by almost 9% compared to the first half of 2023, and by almost 6% compared to the second half, according to Citify data. These figures confirm that investing in a new development like Kotzebue Park is a wise and profitable decision that should not be delayed. "I am confident that looking back on the transaction, all clients who purchased homes from the Kotzebue Park pre-sale are happy and grateful for their determination," said Marko Bäärs.

Discover Kotzebue Park

Kotzebue Park is a place where dreams come true. Why not take advantage of the opportunity to live in the last comprehensive residential development in real Kalamaja and be part of the unique lifestyle offered here. Get to know the homes in more detail here and choose your home today!

Kotzebue Park homes will be completed in the summer of 2025. The architectural solution was created by Peil Architects, the interior design was done by Lilia Kristianson and Galina Burnakova, and the development and construction is by Perton.