Geosan Development is moving its largest residential project to date, Re.Start Petynka, to another milestone. The residence is developed on a long-unused plot of land near the Petynka swimming pool in Prague 6. Now it has received a valid building permit.
The project offers 283 residential units on nine floors, with construction scheduled to begin in September this year. The expected completion date is in the third quarter of 2028. Currently, 40% of the apartments have been sold.
"In the initial phase, interest prevailed in smaller units. However, recently, demand has also been growing significantly for larger layouts and premium apartments on the top floors, which will be put up for sale in later phases. This is where four penthouses with terraces, green atriums and panoramic views of Prague Castle are located," comments Jiří Baloun, Head of Sales and Marketing at Geosan Development.
An integral part of the project will also be a set of retail units on the ground floor. "We are in talks with several operators, including a supermarket, with which we are already in an advanced stage of negotiations. We believe that we will be able to bring services to the project that will offer residents practical facilities directly in their place of residence," adds Baloun.
