“Construction is moving forward according to schedule,” says Mārcis Jankaitis, Project Manager at Vastint Latvia. “We’re adding 194 energy-efficient rental apartments across seven new buildings, which will be completed and opened in phases through autumn 2028.”

Sustainability is at the heart of the project’s design. All heating and hot water systems will run entirely on green electricity, reducing CO₂ emissions while cutting future maintenance requirements and long-term operating costs for residents.

Each apartment will feature its own high-efficiency heat recovery ventilation system with integrated heat pump technology, ensuring a comfortable indoor climate while keeping utility bills low. To ensure long-term durability and architectural polish, the buildings will be constructed with prefabricated concrete wall panels fitted with wooden windows at the factory, finished with pigmented concrete and integrated brick accents.

Fully finished modular bathrooms will also be installed during the main structure assembly. Building these units in a factory rather than on-site streamlines the process, improves quality control, and reduces on-site waste.

“Choosing factory-made concrete elements and modular bathrooms isn't just a technical decision – it lets us build faster while reducing the risk of weather-related delays,” Jankaitis explains. “Manufacturing in a controlled environment gives us higher precision, consistent quality, and a significantly smaller environmental footprint compared to traditional on-site construction.”

The project is designed to meet both Nearly Zero-Energy Building (nZEB) standards and BREEAM sustainability certification.

Refining an established concept 

Phase II will blend multi-story apartment buildings with low-rise urban villas tailored to different lifestyles.

“We took everything we learned from Phase I and listened closely to resident feedback,” says Gatis Didrihsons, Lead Architect at Didrihsons arhitekti. “For Phase II, we’ve introduced larger elevators, dedicated stroller storage, and an even more pedestrian-friendly courtyard.”

“For the outdoor spaces, we drew inspiration from Western European gardens, selecting plant varieties that offer dynamic visual changes across all four seasons.”

Build-to-rent homes 

Since opening in 2021, Phase I of Lindenholma has maintained an average occupancy rate of 90 – 100%. “That level of demand shows just how strong the market is for high-quality rental housing in the Riga area,” M. Jankaitis notes.

“Our floor plans match what suburban renters are looking for, ranging from efficient studio layouts to spacious multi-level villas with private terraces,” adds G.Didrihsons.

Every apartment will be move-in ready, complete with modern kitchen appliances, built-in storage, and integrated lighting. Residents will also have access to shared amenities, including communal laundry facilities and private storage lockers.

Phase II will deliver 194 new rental units in total, with the majority – 140 apartments – offering two- and three-bedroom layouts. Unit sizes will range from 43.2 m² studios to a flagship 148.4 m² two-story urban villa featuring three bedrooms and private outdoor terraces. Studio apartments will be available from 43.2 m². Together with Phase I, the rental homes portfolio managed by Vastint Latvia in Lindenholma will increase to 313 units.

The Lindenholma residential quarter is developed by international real estate developer and investor Vastint Latvia, designed by architectural firm Didrihsons arhitekti. Construction work is being carried out by the main contractor, Consius.