The Vilnius authorities have issued a construction permit to Akropolis Group, a Lithuanian company operating shopping malls in Lithuania and Latvia, for the construction of its second Akropolis multifunctional project in Vilnius near Vingis Park.
The multi-functional complex Akropolis Vingis, which will emerge in a former industrial area, will have shopping, service and recreational areas, a concert hall of 2,500 seats or up to 4,000 standing places, a food hall, a conference centre, a multiplex cinema, offices and apartments meant for a long-term residential lease.
Following the receipt of all necessary construction permits, Akropolis Group will now prepare detailed project implementation plans and will select optimal financing solutions, the company said on Friday.
The complex is to have about 4,500 parking spaces: a two-story underground parking lot will accommodate about 3,500 cars and about 1,000 more cars will be able to park in a two-storey parking lot designed near the commercial premises and nearby the complex.
Akropolis Group acquired the site of the former Velga production facility from the state in 2005–2006 for 11.72 million euros.
The initial plan was to build a new shopping mall by 2015, but the plan was put on hold by the financial crisis in 2008–2009. Since 2014, the site has undergone cleanup and preparation for its further development.
According to the ELTA news agency, the design proposals were presented to the public in July 2022 and approved by the Vilnius City Council in October of the same year.
During the preparation of the technical design of the complex, the proposals were slightly modified and resubmitted to the Vilnius City Council in October 2023 and presented to the public a month later.
In February this year, Vilnius City Municipality approved the changes to the design proposals.
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