The Peitavas quarter (Peitavas 9/11, Kalēju 63 and Kungu 30) is located in a quiet part of the Old Town.
The Old Town is a masterpiece of architecture and antiquity. It has comfortable hotels, many restaurants and cafés, sophisticated leisure and entertainment venues, as well as concert halls and theatres and the Latvian National Opera.
The elite residential building "Rīdzenes Residence" is next door. Nearby are shopping centres such as "Stockmann", "Galerija Centrs". The train station and bus station are within walking distance.
The property consists of 3 land plots with the possibility to build a complex of 3 buildings -
1. Kalēju iela 63 with a land plot of 522 m². The plot is to be reconstructed and additional buildings are to be built, resulting in 1526.3 m² or 26 apartments. There is a project and a model of the development.
2. 30 Kungu Street - land area 387 m². A development project has been drawn up in minimum form, which provides for the construction of a residential building with a total internal floor area of 942,2 m² or 9 apartments.
3. 9/11 Peitavas Street, on a plot of land with a total area of 801 m², there is a building which was built as the first 'Masonic Lodge' building in the Baltics. This building has also been designed with a minimum of 1726,3 m² or 24 apartments for reconstruction and additional construction. Currently, two apartments are still occupied.
Riga has been attractive for centuries to people from other nations, both traders and travellers (tourists).
The latest data show that tourism growth in 2024 is 15% higher than in 2023.
With reference to the official article of the Riga City Council.
"Riga has gained significant international recognition, ranking 2nd in the European Best Destinations 2025 survey, up from 6th place in 2024. 1 256 700 voters from 158 countries took part in this prestigious competition, making Riga the best destination in the Baltic States and one of the most sought-after tourist destinations in Europe."
