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The building for renovation is located in the very center of the city of Riga - on Merkel Street, directly opposite the beautiful central park of the Verman Garden. The facade of the building looks at the park. The main building of the University of Latvia, the building of the Riga Latvian Society, the Latvian National Opera, the famous restaurants Bibliotēka Nr 1 and Tokyo City are also located next door. Old Riga is located just behind Bastejkalns Park (3 minutes walk), also within walking distance shopping centers Origo, Stockmann, as well as railway and bus stations, the historical part of the city of Berga Bazaar and the Central Market.
The property consists of commercial premises on the 1st floor and 23 apartment properties.