five office buildings with a total floor area of about . The complex will be able to accommodate 2000 cars: 1100 in the multi-level parking garage and 900 underground. The first stage of development involves building a twin-tower 11-storey office building with a total floor area of and parking for 440 cars. The first building is scheduled to be finished in 2020, the second in 2023, and the whole quarter by 2030. Business center in the New Hanza territory New Hanza is a business and residential area being developed in the Skanste neighborhood bordering on Pulkveža Brieža, Hanzas, Skanstes, and Sporta streets, where the former railway cargo terminal used to be. In the future a class-A office will be built here, as well as the multifunctional cultural center Hanzas perons. Latvian Museum of Contemporary Art It is planned to build the Latvian Museum of Contemporary Art (LLMM) in the New Hanza territory. Construction will be based on the drawings of the winners of the international competition, the architectural bureau Adjaye Associates (United Kingdom) and AB3D (Latvia). The Museum is conceived as a cultural and art center of interregional importance and the most visited art museum in the Baltics, whose exhibitions will regularly be included in the programs of museums of other countries. Due of the liquidation of ABLV Bank, €186.7 million euro of investments of Pillar group's development projects were cancelled. Although initially the construction of LLMM was threatened, founders of the Latvian Museum of Contemporary Art Fund (LLMMF) Ināra and Boriss Teterevs, Ernests Bernis and Oļegs Fiļs decided to continue with the idea. Along with other financing, the Fund will have the opportunity to design and agree on the construction project with national and municipal institutions, preparing it for the beginning of construction. The development is currently in the last design stages, based on the Adjaye Associates and AB3D sketches. The museum building is to take up almost to accommodate the wide range of contemporary art, including a series of exhibition halls of flexible design, 200-seat auditorium with supplementary space for performances, concerts, screenings, and interdisciplinary events, as well as study and workshop space, reading rooms, café, work space for museum specialists and auxiliary premises. Riga conference and concert center The construction of the Riga conference and concert center is scheduled to be completed by 2024. It is planned that the center will be able to attract around 600,000