JSC Moskva Krasnye Holmy was established at the end of 1994, to develop a business and cultural center called Riverside Towers, which is located on the eastern tip of Kremlin Island on a 7.1 hectare plot. Designed in the traditional style of a Russian monastery, the development resembles a small town with buildings of various sizes.

Completed by ENKA in five stages, the center comprises 61,500 m² of rentable A Class office space, a 235 key, 37 floor, five star hotel, a very large conference center, both of which are operated under the name of Swissôtel Krasnye Holmy, and an art gallery. The Moscow International Music House, a masterpiece of modern architectural design and one of the largest concert halls in the world, is also located within the grounds of the Riverside Towers.

• The complex is located on an island plot, over the Moscow River and channel, which was previously an old industrial area.