On Friday, Light House, a coworking and coliving space, was opened on the site of the former plywood factory in Klaipėda. This is the first of many spaces that will be developed as part of Baltic Tech Park, a private-equity science and innovation valley.

The area of the Light House coworking space is 1500 sq. m and it is equipped with 200 workplaces. 140 of these spaces are situated in the common area while another 60 consist of separate small offices (ranging from 35 sq. m to 67 sq. m and designed for teams of 4 to 10 people).

The total area of the building is over 6000 sq. m. In addition to the coworking space, the building also features a modern dormitory with 18 beds and 12 sleeping capsules. In addition, there is a gym, restaurant, event spaces, multi-functional workplaces, meditation rooms and creative workshops with all kinds of tools available to use, from hammers and wrenches to 3D printers. There is also a resident therapist in the building.

This building is only the first of four stages planned for the Baltic Tech Park project. The plan is to build another 8000 sq. m of premises, with new buildings intended to house laboratories, prototype production rooms and other establishments crucial for science and business opportunities. It is expected that the project will cost approximately EUR 8 million. It will attract EUR 12-13 million in investments with EUR 6 million already invested. The project is planned to be completed in 2021-2022.

Read more at: www.vz.lt