Construction work is now under way at the site of the third residential high-rise building in Kalasatama. The tower standing 120 metres tall above sea level will have 31 floors and 291 Lumo rental homes by Kojamo. The development company SRV and Kojamo, which offers commercial rental housing services, signed a contract on the construction of the residential tower on 21 April 2020. Construction commenced immediately.
The residential tower, named Kompassi, is located on the northern side of the Metro rail line running through the REDI shopping centre and next to the residential tower Majakka, which was the first of the Kalasatama towers completed. Majakka welcomed residents to their new homes in December 2019. Kompassi, an apartment building with Kojamo rental homes, is scheduled to open doors to tenants in 2022.
The Kalasatama towers will be the tallest high-rise buildings in Finland once completed. Majakka reaches to 134 metres above sea level. Loisto, now under construction, will reach to 124 metres.
Kalasatama is now home to approximately 4,500 residents. This former harbour and industrial area has been transformed into a pleasant residential area in the eastern inner city of Helsinki, where the sea and the city meet. Construction activity in the area is now busier than anywhere else in Helsinki. The entire Kalasatama district will be completed by 2040. At this time, the district will be home to 25,000 residents and host 10,000 jobs.
Kalasatama is being developed into a smart city district. In Smart Kalasatama, solutions for smart urban living are developed jointly by residents, businesses, City of Helsinki operations and other organizations and communities active in the area.
A site has been fenced off for the Kompassi construction yard bordering the southern side of the street of Työpajankatu.