Vagabond Lofts development held a rafter party
On Wednesday, 27 November, a party was held at Miston Capital’s Vagabond Loft development. The 4-storey building with an exciting history will be completed by the summer with 45 premium commercial and residential lofts.
In 2023, Miston Capital started the restoration of the old noble building, popularly known as Beti’s Barn. The building had been mostly vacant for many years. “The idea to develop a new commercial and residential development there came up while visiting the properties for sale.
When we looked out of the third-floor window, we saw the beautiful views and realised why the building was built there in the 19th century. At that moment, we realised it deserved a new chance.” Kristi Saar, Marketing Manager at Miston Capital, added that the building’s red brick façade and strong architecture were particularly appealing.
The history of the impressive building dates back to 1870, when it was first used as a linen mill, supporting the city’s rapidly expanding economy. The building has seen the passage of time and holds a wealth of colourful memories.
Miston Capital’s development is called Vagabond Lofts, inspired by the word “vagabond”, meaning traveller. “For us, it means a person who is an open-hearted adventurer and who expects something completely different and is never satisfied with mediocrity,” describes Saar, explaining for whom these special homes and commercial spaces are designed.
Rauno Loonurm, managing director of Rivest OÜ, who built the Lofts, took the floor at the ceremony, where the house was fitted with a new time capsule. It is a step that marks both an important stage in the restoration of the building and the beginning of its new era. In his speech, Rauno Loonurm stressed the importance of preserving the historical and cultural value of the building and expressed the hope that it will once again become an important part of community life in the near future.
Building under construction
Luxurious premium-class spaces to be completed
The Vagabond Lofts building has four floors with 45 commercial and residential spaces. This building will house the first loft apartments in Pärnu. Two lifts will make moving around easy. The average price per square metre of the apartments for sale is EUR 3,800. Today, 40% of the apartments are already sold.
It is a premium product that uses the highest quality and most luxurious materials. The interior of the building has been designed with unique and thoughtful design features.
Completion is scheduled for June 2025.
The renovation brought surprises
The renovation of the building will preserve as much of the historic flair as possible – the beautiful red brick façade will be maintained, and the red walls will be exposed on the inside as well. All the interior packages have also been designed with the building’s historical perspective in mind to best respect and emphasise this dignified past.
Vagabond Lofts interior design “New York”
Miston Capital OÜ is the developer, and Rivest OÜ is the builder of the Lofts with an exciting history. The construction schedule has been slightly delayed due to some surprises. However, thanks to quick reactions and redesigns, the work is currently on schedule, and everything is going according to plan.
If you value uniqueness, uniqueness and quality, you might just find a new home or business space in Vagabond Lofts. .
See more HERE, and do not hesitate to get in touch.
