The Grinding machine factory in Gyumri, Once very active and prominent, was destroyed by the earthquake in 1988. The Beautiful facade of the Structure that survived the quake has been integrated into a new building both to conserve its heritage and keep its national character; The complex with diverse facilities – a hotel, restaurants and commercial shops includes the Kohar Music school for gifted students and is home to a symphony orchestra, a choir and a popular instrumental ensemble. The construction and renovation project generated employment for many locals since its commencement in 1997.

The project was initiated by the Khatchodourian family of Lebanon, who in addition to providing economic assistance, needed to receive good news from the earthquake stricken zone. Thus they proposed a concert tour for the kohar Symphony and Choir which Captivated and overwhelmed the audiences in Cyprus, Lebanon and Armenia in June 2002.