The development group Crestyl is returning the Baroque Savarin Palace in the centre of Prague to the cultural map of the metropolis. The most valuable historical spaces of the newly renovated listed building by Kilian Ignác Dientzenhofer are opening doors for exhibitions instead of the casino.
The reconstruction of the historic Savarin Baroque Palace began at the end of 2021 and was completed in September. Crestyl invested over CZK 500 million (€20 million) in the reconstruction of the palace sometimes referred to as the Sylva-Taroucca Palace. Now all that remains is to fine-tune some details, and then the specific spaces will be prepared for the tenants' fit-outs. The building use approval should take place in November.
Following the restoration of the Savarin Palace, a new phase of the project is being prepared by the architect Thomas Heatherwick. It has already received a positive opinion from preservationists as part of the ongoing zoning proceedings. The Savarin project, referring to the tradition of Wenceslas passages, will connect Wenceslas Square with Na Příkopě, Jindřiška and Panská Streets. It consists of four connected parts, each with its character and way of use. The historic building of the riding school will become the central point, around which a new quiet square with a garden, cafes and restaurants will be created in the courtyard. Savarin will also include a multi-purpose space intended especially for cultural and social events or a new entrance to the subway.
"Before we started the reconstruction of the palace, there was a casino in the most valuable historical premises. We now want to permanently put this place on the cultural map of the metropolis. On the first weekend of September, the Prague Art Week art show has been held here. We intend to continue in the same spirit," says Simon Johnson, CEO at Crestyl.
