The Prague City Council has approved the investment preparation of the Project 5 in the Nové Dvory development area, bringing approximately 480 apartments.
The Prague Development Company (Pražská developerská společnost) can start working on obtaining all permits necessary to start construction of the project and prepare and announce a public tender for the design works contractor. „Project 5 is another part of the future center of Nové Dvory, which is located at Chýnovská and Libušská Streets. It will be primarily residential, and on the ground floor there will be non-residential premises primarily for civic amenities,” says Petr Urbánek, Director at Prague Development Company.
The new urban district of Nové Dvory is located on the border of Prague 4 and Prague 12. In May 2024, the Prague City Council approved a change to the zoning plan, significantly increasing the building capacity of the local urban land around the future Nové Dvory metro station. This will allow the 30-hectare transformation area to be used for the construction of up to 2,000 city apartments and a mised-use building above the metro station, which will offer space for housing, office, retail and community purposes. The new city district will offer home for up to 5,000 inhabitants and create up to 5,000 new jobs.
