The Prague City Council has approved the next step in the investment preparation of the mixed-use project at the corner of Durychova and Libušská Streets in Prague 4. The development managed by Pražská Developerská Společnost (PDS) is in the centre of the new city district Nové Dvory and above the new subway station on line D.
Nové Dvory is located on the border between Prague 4 and Prague 12. In May 2024 the Council of Prague approved a change of the city master plan. This enables a significant increase in the construction capacity of the municipal land of 30 hectares around the future metro station Nové Dvory. It means the construction of up to 2,000 apartments and mixed-use buildings above the metro station and new spaces for housing, office, retail and community purposes. Up to 5,000 people will find their home and up to 5,000 new jobs will be created here.
"The preparation of the new quarter is taking place in parallel with the preparation of the construction of a new metro station and the extension of the tram line from Modřany. The location is divided into individual projects, which will be implemented in phases. We assume the quarter could be completed in 10 to 15 years," says Petr Hlaváček, Prague's Deputy Mayor for strategic and territorial development.
The first two buildings Nové Dvory Vestibul South with 86,400 sqm and Nové Dvory Vestibul North with 8,500 sqm will offer urban affordable housing, civic amenities, office space and a social and cultural hall. PDS will open a tender for design work contractors and begin detailed project preparation for both buildings soon.
