Real Estate: Upmarket Industry

  • 2007-11-30
In Latvia the decrease of industrial production started in the late 20th century, coinciding with major political and economic changes. Consequently Riga is packed full of empty, redundant industrial sites and buildings that are no longer necessary but are remnants of the large scale economic system of the Soviet era. After several years of stagnation and neglect, the city’s industrial sites are facing a boom of conversions and re-use. Factory and industrial conversions are a trend that finally seems to be catching on in Latvia. The current practice of dealing with Riga’s indu...
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