(owned and managed)

The building is situated in one of the best retail locations in Riga, prime location in the busiest pedestrian and tourist area. This corner building has 23 large shop windows.

The building was built in 1876 based on project of Janis Fridrihs Baumanis (1834-1891), as a five-story brick rental building with mansard on then Esplanade Street. In 1928, architect P. Mandelstam completely redesigned the facade, transforming the building in the luxurious Hotel Imperial which at the time was the most prestigious in Riga.

The building was acquired in 2016, and extensive renovation was carried out, recovering the original amazing gypsum and marble decorations, installing new lifts and recovering historical entrance.

The main tenant in the first and second floor is one of the largest luxury multibrand clothing store “Podium” (over 2.000 sqm), while the upper floors are in the process of reconstruction to high end offices.