News Article Atrium Poland residential retail Warsaw
by Property Forum | Retail

Atrium plans to demolish three old shopping mallls in Warsaw - Atrium Reduta, Atrium Targówek and King Cross – and build apartments in these locations. City authorities comply, but the change of the spatial plans may take years.

According to Marcin Olech, a representative of the company, the malls, which were built in the 1990s are in „deplorable” condition. The redeveloped sites will include apartments for rent on the upper floors, above retail and service spaces at lower levels. There will also be hotels and offices in locations closest to the city’s key communication routes.

“These three facilities are undoubtedly a relic of another time,” said Marlena Happach, head of the city’s architectural and spatial planning office. However, municipal spatial development plans assume that where the current malls are located there will be large retail spaces. Since the planned buildings will no longer serve only as malls, the city needs time to approve new plans. It may take even up to 2-3 years to change them.

Atrium is already building new apartments for rent next to another of its shopping centres, Promenada on Ostrobramska Street.