The Piassa area in Addis Abeba is undergoing a major transformation. The once-vibrant neighborhood has been demolished to make way for new development projects. In its place, a large construction site has sprung up, with excavators and dump trucks towing the land. The Grand Palace, where the Prime Minister resides, stands prominently in the background. The area, located near the Adwa Victory Memorial Museum, is next to Eri Bekentu and Qey Bahir condominium. Now a prime location for development, the city administration auctioned off land in the area in May, with Awash Bank securing a plot of 977 square metres for 311,000 Br per square metre.