The famous Art nouveau House with Chimaeras and gigantic statue of Mother Motherland are also located in the Pecherskyi District (Lypky and Zvirynets respectively). After the declaration of Ukrainian independence in 1991, the Pecherskyi District retained and developed its role also becoming a luxury residential area. The few large industrial companies located in the district are considering to move elsewhere, pocketing a significant profit from the real estate they hold from the times of the Soviet Ukraine (see Kiev Arsenal factory).