Photo: Porto Franco construction work in January 2020. Author: Siim Lõvi /ERR
Tallinn’s Porto Franco development postpones opening until 2021
The opening of Porto Franco at the Port of Tallinn has been postponed until the end of the first quarter of 2021, but in April this year, Citybox, a Norwegian hotel chain, will open its doors.
Rauno Teder, CEO of Porto Franco, told ERR the first phase of the development should be completed by the end of March and the Citybox hotel will begin operations in April.
The rest of the development is in the second phase. Concrete construction is currently underway and the buildings are slowly reaching their maximum height.
“The zero cycle is coming to an end. Now life is more fun – all the investments that are made are going into building a house, not just digging a hole anymore,” Teder said.
Although last spring he hoped the whole center would be completed in September 2020, plans have now been moved back.
Teder said the opening will take place at the end of the first quarter of next year, when commercial and office space will be completed. Justifying the delay, he said with big developments there were always unwanted concerns that had to be overcome.