"We will develop a mixed-function quarter with commercial and residential buildings in Riga," Natalija Monkeviciene, CEO of M.M.M. Projektai, said in a press release.
M.M.M. Projektai purchased the land site on Daugavgrivas Street in Vilnius from Akropolis Group, a company owned by one of Lithuania's largest business groups Vilniaus Prekyba (Vilnius Trade).
The construction should not open before 2019.
Akropolis Group is currently developing a 200 -million-euro Akropole mall project in Riga. The construction should be completed in January of 2019.
