The picture is becoming clearer now, and not everyone is happy. One harsh critic calls the planned new look “architectural junk,” but its proponents say the new look rescues a beloved center that had fallen out of shoppers’ favor while remaining sensitive to its historical status.
TsUM’s new owner Esta Holding, owned by billionaire Rinat Akhmetov, is going to almost entirely demolish the building – with the exception of three historic exterior walls that form the building’s angle-shaped facade on Khreshchatyk and Bohdana Khmelnytskoho streets.
A shiny new mall – with a spacious atrium and glass walls – will be built in its place. Those and other planned changes will nearly double the new TsUM’s capacity. Three underground levels will be added below the old structure, as will one on top.