The use of near-Earth space has grown dramatically during the last decades, resulting in thousands of active and inactive satellites and a huge amount of space debris. To observe and monitor the near-Earth space environment, radar systems play a major role as they can be operated at any time and under any weather conditions. The Tracking and Imaging Radar (TIRA) is one of the largest space observation radars in the world. It consists of a 34m Cassegrain antenna, a precise tracking radar, and a high-resolution imaging radar. Since the 1990s, TIRA contributes to the field of space domain awareness by tracking and imaging space objects and by monitoring the debris population. Due to new technologies, modern satellites become smaller, and satellite extensions become more compact. Thus, sensitive high-resolution space observation systems are needed to detect, track, and image these space objects. To fulfill these requirements, TIRA is undergoing a major upgrade. The current imaging radar in the Ku band will be replaced by a new radar with improved geometrical and radiometric resolution operating in the Ka band. Due to its wideband fully polarimetric capability, the new imaging radar will increase the analysis and characterization of space objects. In addition, the tracking radar in the L band is also being currently refurbished. Through its novel modular structure and open design, highly flexible radar modes and precise tracking concepts can be efficiently implemented for enhanced space domain awareness. The new TIRA system will mark the start of a new era for space observation with radar in Europe.