On Friday, 20 February 2026, a symbolic and significant milestone was marked at the CENTRUS Quarter in Riga: a time capsule containing a message for future generations was embedded in one of the buildings of the project’s final development phase. This moment represents an important stage in the evolution of one of the most prominent new developments in central Riga. Five residential buildings are currently under construction simultaneously in the block bordered by Blaumaņa, Dzirnavu, Tērbatas and K. Barona streets.

The time capsule ceremony was attended by representatives of the developer, Centrus Real Land, the construction company MONUM, the construction supervisor BLV Advisory Group, and the architectural firm Layout17.

“The capsule symbolises our intention to pass on to future generations a message about responsible urban development, respect for the site’s history, and the conviction that Riga’s city centre will continue to be a space of opportunity, openness and inspiration,” says Bruno Bergmanis, Member of the Management Board of the project developer Centrus Real Land.

The message placed inside the time capsule reflects the historical significance of the location, the traditions of life in central Riga, and today’s understanding of sustainable, high-quality and people-oriented urban development. CENTRUS is being developed in an area that has been an epicentre of vibrant city life for more than a century and was once referred to as “Little Paris” due to its cultural, entrepreneurial and bohemian spirit.

“The embedding of the time capsule marks a symbolic moment in the project’s development,” notes Evita Domello, Member of the Management Board of the construction company MONUM. “Despite the challenges of building in a dense urban environment and the unusually prolonged winter conditions this year, we are pleased that construction works are progressing according to the planned schedule.”

In the final phase of CENTRUS, five new buildings are being developed simultaneously – four seven-storey buildings and one five-storey building. These will comprise 142 apartments ranging in size from 24 to 210 square metres, as well as seven commercial premises located on the ground floors. All apartments will be delivered fully finished, using high-quality materials, and will meet A+ energy efficiency standards. Total investment in the second phase amounts to €30 million, with completion of the entire quarter scheduled for the end of 2027.