Riga and Kaubamaja reached an agreement.
The new building will have a parking lot. The parking lot is underground.
The architecture competition was 8 years ago. The project did not move forward. Now the city and the company have agreed.
Kaubamaja and Riga will draft a plan. Then the construction will begin.
The new building will connect Kaubamaja and Rävala Street. The entrance will be from Rävala Street.
Kaubamaja announced that the new building is large. It will increase the retail space.
It is still unclear whether the gallery will remain.