The not-for-profit company Aurora Observatory is building a Northern Lights Observatory at Karholl, Reykjadal, Thingeyjarsveit. The building will be about 760 m2, located slightly north and above the current buildings at Karholl, in accordance to a confirmed area site plan, see here. The building is three levels, built out of concrete and steel.
The construction company SS Byggir is commissioned to the concrete phase of the building and work is well under way. The plan is to start research in the building in the fall of 2016.
The images above show the exterior design of the building under construction.