[2] The area that for decades was allotted for kitchen garden plots, has now been developed to include office towers, sports infrastructure complexes and residential buildings.

The Riga City Council received a letter from the Environmental Protection and Regional Development Ministry with a permission to begin implementing the local planning of the territory.

Since most jobs are located in the city center, the development plans include constructing residential buildings as close as possible to this part of the capital.

has been one of the leading contemporary art institutions, offering exhibitions, lectures, discussions, publications, and educational programs for various audiences.

has organized over 150 exhibitions of Latvian and foreign artists and held lectures, seminars, readings, and performances for various interested audiences.

[14] At the end of 2010, work was begun on a long-term project: creating texts and translations on art theory and criticism, as well as publishing other printed media.

[15] TechHub Riga is a shared technology generation space, which was established in 2012 with the goal of creating an environment which would help product-oriented startups to grow faster and reach better results.

The new businesses choose to work in the same space because that way they can collaborate and share their know-how, as well as benefit from the input of experienced specialists as mentors.

[16] AS Rietumu Banka is one of the largest banks in the Baltic region, specializing in servicing large businesses and wealthy individuals.

The technical facilities and the team of professionals means that Arena Riga can accommodate any top level event: concerts, shows, performances, hockey, basketball, volleyball, tennis or corporate gatherings.

Arena Riga has been the venue for All-European sports events (both Men's and Women's European Basketball Championships, Davis Cup in tennis, etc.

Within 10 years, FS METTA has created a system in which over 850 youths, ages 4–18 are active, as well as the adult team FK METTA/Latvijas Universitāte, which plays in the highest Latvian football league.

Luminor is a modern financial service provider in Estonia, Latvia, and Lithuania, combining business savvy[buzzword] with an understanding of the local market and the needs of its clients.

Launching its operations in the Baltics, the Luminor client portfolio includes 1.3 million private individuals and businesses, as well as 3000 employees.

[23] Duntes Nami is a modern six-storey class-A[buzzword] office building put into operation in 2007 and has been rented out to different businesses.

[24] The class-A[buzzword] two-storey office building with guarded parking lot was reconstructed in 2011, when the latest security, energy efficiency and climate control systems were installed.

The LNK Centre main offices used to be located there, but since moving to Jānis Daliņš iela 15, the building is available for commercial renting.

The eight-storey office building of LNK (Latvijas Novitātes Komplekss – Latvian Innovation Complex) opened for business in 2006.

This business center will include class-A office buildings, drafted at BIM and, in compliance with BREEAM standards, are energy efficient.

Construction will be based on the drawings of the winners of the international competition, the architectural bureau Adjaye Associates (United Kingdom) and AB3D (Latvia).

Due to 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.

Now the territory between Hanzas, Vesetas, and Sporta streets is becoming a neighborhood for living, working, enjoying, creating, and forming various partnerships.

and the business TechHub Riga, began their operations at Sporta 2 quarter in 2016, and now have been joined by several other creative institutions: FonFilms, the Royal Improvisation Theater, start-ups fashion enterprises, and others.

At the beginning of 2019, reconstruction and improvement work will begin in the quarter to create an attractive environment in the center of the city with a combined space of almost 20,000 m2 (220,000 sq ft),[42] The former warehouse of the cargo railway station is scheduled to be turned into a multifunctional cultural center, to use both as a concert venue, with a capacity of 1000, and as an art and exhibition gallery or venue for corporate events.

[44] The center is designed to be situated in the Hanza stadium; the building will house stands with 1000 seats, a vast space for locker rooms, premises for exercising, physical therapy, medicine, dormitories, and administration, as well as a café.

The function of the center will be to provide the space and state-of-the-art equipment necessary to raise high-level football players through both education and day-to-day supervision.

[45] International business service centers (IBSC) play a role in the economic growth of Central Europe and the Baltic region.

The memorandum was signed by the Minister of Economy Arvils Ašeradens, Chairman of the Riga City Council Nils Ušakovs, Director of the Latvian Investment and Development Agency Andris Ozols, on the part of the public sector and the Chairman of the Board of the National Alliance of Real Estate Developers Mārtiņš Vanags, Chairperson of the Board of the Association of Latvian Commercial Banks Sanda Liepiņa, and the Chairperson of the Foreign Investors Council Zlata Elksniņa-Zaščirinska on the part of the private sector.

In the future, there are projected improvements in the infrastructure, by setting up a new tramline, which will connect Skanste to the Main Railway Station in Riga, a planned stop on the new Rail Baltica line.