Kodusadam OÜ, a joint venture of AS BLRT Grupp and AS Merko Ehitus Eesti, has decided to launch a new real estate development project in Noblessner seafront estate, which comprises in total of five residential buildings with 161 apartments and 14 commercial premises.
The first stage includes two residential buildings with 60 apartments and six commercial premises next to the Noblessner Marina at Vesilennuki 18/1 and Vesilennuki 18/2, which are to be completed in the beginning of 2023. The buildings with sea views, large balconies and energy class B rating have been designed by KOKO architects and the interior architecture has been created by KAOS Architects. The size of the apartments ranges between 33–377 square meters and the price per square meter starts from 3,520 euros. Parking spaces will be located on an underground floor, there will be playgrounds and recreational areas in the landscaped courtyards.
Noblessner is the only neighbourhood in Tallinn where seaside residential buildings are surrounded by fully developed urban space, including a square, park areas, commercial spaces and lots of leisure facilities. As the first co-operation project between BLRT and Merko, four residential buildings with 198 apartments and 17 office, catering and retail premises were completed in 2019 on Staapli street.
Residential projects in Noblessner are being developed by Kodusadam OÜ, a joint venture, established in December 2014. BLRT Grupp AS and AS Merko Ehitus Eesti both own 50% of the company.