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The project will liven up the capital and confirm that Budapest is indeed the leader in the region in terms of cultural offerings, said Mayor Gábor Demszky.
The two rows of brick warehouses will house cafes, restaurants, bookshops and an events centre with a capacity to seat more than a thousand people. The buildings and the space in between are to be covered by a giant glass canopy that resembles a whale, hence the project's name, CET, the abbreviation for Central European Time and a synonym for "whale" in Hungarian.
The nearly HUF 8 billion project has been designed by the Dutch architect Kas Oosterhuis. It is slated to open in the summer of 2010.
Photo: Hungarian News Agency (MTI)
