Kaivas Retail Park MapClose map

ESSENTIALS

Total land area—14.9 hectares

Commercial properties for lease:
DIY (“Do It Yourself” concept shop)—17,000 m²
Grocery supermarket—5,200 m²
Electronics store—4,100 m²
Household goods/furniture—4,100 m²
Farmers market—3,000 m²
Varied services—2,500 m²
Fuel filling station—500 m²
Food-catering area in central square—220 m²
In future, an office complex—14,250 m²
Total—50,870 m²

Commercial center—25,150 m²

Total—76,020 m²

Project status
Initial concept—completed.
Detailed plan—in progress.

PROJECT DESCRIPTION
Kaivas Commercial Park is one of the first planned commercial parks of such a scale in Latvia, and it is a part of an envisioned 52-hectare multifunctional development project in Dreilini (Dreiliņi). Total area is more than 1 million m². Commercial spaces, offices, and residential areas are planned for inclusion in the commercial park. The envisaged site of the Kaivas Commercial Park is at an important crossroads, right next to the bypass of the center of Riga—only 7 km from the center of the city. Construction of surrounding roads and streets was completed in 2010; thus, excellent access to the property is ensured, both from the city center and from the opposite side of the city via the Southern Bridge. Access from the Riga–Moscow motorway to the traffic circle next to the Kaivas Commercial Park is envisioned; thus the property will be made accessible to one of the most intensive traffic concentrations in Riga. The traffic volume passing the property currently exceeds 80,000 vehicles a day.
Kaivas Commercial Park has basic infrastructure; further infrastructure objectives include a public-transport terminal point and “Park & Ride” parking accommodation.
Project development is envisioned in two stages. During the first stage, we will build large commercial properties (e.g., DIY, grocery, electronics and other stores); later we plan to build a traditional shopping and entertainment center.
Currently, negotiations with several potential tenants of the commercial park are in progress. SIA DOMUSS is the project developer.