Construction has started on Tryggvagata street and Vesturgata street in Reykjavik, next to the harbor. The design teams implemented the project with great respect for the historic surroundings. The modern architecture of the new buildings will blend harmoniously with the setting of the historic buildings which will be rebuild. This will bring a new life into the harbor zone and the buildings will get new life as a hotel and office and apartment buildings, with stores at ground level.