Real Estate: Upmarket Industry

  • 2007-11-30
InLatvia the decrease of industrial production started in the late 20thcentury, coinciding with major political and economic changes.Consequently Riga is packed full of empty, redundant industrial sitesand buildings that are no longer necessary but are remnants of thelarge scale economic system of the Soviet era. Afterseveral years of stagnation and neglect, the city’s industrialsites are facing a boom of conversions and re-use. Factory andindustrial conversionsare a trend that finally seems to be catching on in Latvia. Thecurrent practice of dealing with Riga’s indu...
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