The place is centrally located, so you have restaurants and cafes, museums and all sorts of shops within a couple minutes walking distance. The old part of the town - Old Riga - is only 10 minutes away by foot.
Note: A map with interesting spots is in the gallery.
A large shopping mall (Galleria Riga) is right around the corner, 3 minutes away and has a grocery shop.
The famous art-noveau street and Museum of Arts are 3 minutes away, Museum of History is a brisk 7 minutes away.