In Kováků Street in Smíchov, a 16-story office building will be constructed

Prague - A new administrative building is set to be constructed on Kováků Street in Prague 5 in Smíchov. The complex will be divided into two parts, with one part having 16 above-ground floors and the other having 10 floors. It will also include four underground levels of parking. Construction is planned for the years 2015 to 2017, as reported by ČTK from the EIA database, which assesses the environmental impact of constructions.
    The new office building will be situated on a plot of land measuring 2,781 m² bordered by Kováků, Plzeňská, the City Ring Road, and an unfinished block of houses on Na Zatlance Street. The building is planned to respect the current street layout.
    The gross area of above-ground space is planned to exceed 18,000 m², of which 8,933 m² will be net office space. The underground garages are to have a total area of 7,036 m². According to the material, the building is expected to accommodate up to a thousand people.
    The complex is also to include commercial spaces reaching an area of 665 m² and a small square. "A revitalization of the adjacent public space will occur on a part of the investor's land thanks to park modifications with trees and ground-level elements," the document states.
    The commencement of construction is planned for July 2015, with the building slated for completion in June 2017. According to the material, the construction on Kováků Street should not conflict with the nearby administrative center Green Point at the corner of Mozartova and Plzeňská.
    The total area of modern office space in Prague exceeded approximately 2.9 million m² at the end of the third quarter of 2013. The office vacancy rate in Prague currently hovers around 13%.