Abandoned industrial areas and railway stations in Prague are being transformed into modern districts for tens of thousands of residents. These are the five largest projects under construction in the metropolis, reports seznamzpravy.cz.
One of the largest such projects is the transformation of the former Žižkov Freight Station into a district with approximately 7,500 apartments. Several large developers have entered the 33-hectare area. Central Group is building the Park District here, Penta Real Estate is launching the Žižkov Station Residence, and Sekyra Group is preparing the Žižkov City project. In 2023, the capital also concluded an agreement with Finep, in which the developer promises to build approximately 1,200 apartments. The city and investors reached a final agreement on how to build a new district for up to 20,000 residents in April this year, after twenty years. “The total value of investors’ participation in public amenities resulting from these four contracts is almost CZK 1.2 billion (€50 million),” said Pavel Dobeš, Deputy Mayor of Prague 3.
The Smíchov City project on the site of the former Smíchov freight station is similarly ambitious. On an area of approximately 20 hectares, the Sekyra Group is developing a district for more than 12,000 residents and workers. The northern part is already completed, and the south, where the Česká spořitelna campus and the new headquarters of the ČEZ group will be built, is currently under construction. According to information published so far, the total investment exceeds approximately CZK 50 billion (€2 billion), and the southern part is expected to be completed in 2034.
Rohanský ostrov in Karlín is also undergoing a significant transformation, with two local investors participating. Sekyra Group has been building its Rohan City project here since 2021, and J&T Real Estate launched the construction of Nový Rohan on the island this summer. Together, they are to bring more than 2,000 new apartments.
At the opposite end of the city, the former Tesla industrial site in Hloubětín has also been transformed into the Tesla Hloubětín residential district under the leadership of Central Group for several years. The project will offer housing for more than 5,000 residents in approximately 2,500 apartments. The first stage with 350 flats is completed, the second is due to be completed by the end of 2025 and the third in December 2026. The entire district should be finished around 2030.
The last of the five largest projects is the British Quarter in Prague's Stodůlky, which is part of the extensive Západní Město project. Developer Finep has been building here since 2007, and the district is growing in stages, with the eighteenth phase currently underway. Once completed, the district is also expected to offer over 2,000 apartments, complete with schools, kindergartens, parks and shops. The district will gradually offer over two thousand apartments within walking distance of the Stodůlky metro station.
