Construction of the Nový Rohan project has begun on Rohan Island in Prague's Karlín. For the development company J&T Real Estate, which is behind the project, this is the largest investment to date, reports e15.cz.
Nový Rohan will extend from Libeňský Most towards the Invalidovna metro station on the B line. It will include a thousand apartments, several multifunctional buildings with offices, shops and services.
In the first stage, which has begun, a trio of residential buildings will be built. The costs of implementing the initial stage are expected to exceed CZK 1 billion (€40.6 million).
The total costs of the project exceed CZK 15 billion (€609 million). The first three residential buildings are expected to be completed in early 2028; even before construction began, the developer managed to sell 90 per cent of the apartments in the first stage.
