Architect: Dimenze 11 s.r.o. / Břetislav Lukeš
Designer: OMEGA project s.r.o.
The Žižkov corridors for 830 million will be completed in autumn 2021
Prague – The residential project Žižkovské pavlače for 830 million crowns in Prague's Koněvova Street is expected to be completed in the autumn of 2021. The investors are the development company Moravská stavební - Invest and the investment group RSBC. It will create 141 apartments and retail spaces. RSBC announced this in a press release today.
"Žižkov is today an attractive Prague location that combines tradition and the spirit of a big city. Koněvova Street is one of its main arteries. There is excellent access to the city center and also nature within reach,” stated Jaroslav Smrčka, the sales director of Moravská stavební - Invest.
According to him, the project respects the traditional character of Žižkov's streets, which were developed in the early 20th century. Two historic buildings on the site will be renovated. "It's a project that combines original historical buildings with modern architecture. The trends respond to the demands for ecological and energy efficiency,” added Jan Ditz, the financial director of RSBC.
The buildings will offer 141 apartments ranging from 1+kk to 4+kk from the second to the eighth floors. Retail spaces will be located on the ground floor. The underground part is reserved for parking.
Moravská stavební - Invest is a development company that has been active in the Czech market since 1998. It focuses on construction primarily in Prague and Brno. The investment group RSBC was established in 1998 originally as the manager of the restituted assets of the Schönfeld family. It focuses on investments in industry, agriculture, commercial and residential real estate, and new technologies.
According to data from the Czech Statistical Office, construction companies in Prague started building 1,990 apartments in residential buildings in the first half of this year. This is three-quarters more year-on-year, but two-fifths less compared to the record year 2008. According to a study by the Association for Architecture and Development, Prague could lack up to 50,000 apartments by 2030. The reason is the slow pace of approving residential construction. According to the strategic plan, about 6,000 new apartments are needed annually in the capital. However, since 2010, when the approval process significantly slowed down, an average of about 3,000 apartments have been approved per year.
According to analysts, insufficient supply is one of the causes of the significant price increase of apartments in recent years. Since mid-2015, sales prices in the capital have increased by about 90 percent to 102,058 crowns per square meter. Prices are also rising due to increasing land, construction labor, and material costs, according to analysts. They further mention high tax burdens or unnecessary technical requirements.
"Žižkov is today an attractive Prague location that combines tradition and the spirit of a big city. Koněvova Street is one of its main arteries. There is excellent access to the city center and also nature within reach,” stated Jaroslav Smrčka, the sales director of Moravská stavební - Invest.
According to him, the project respects the traditional character of Žižkov's streets, which were developed in the early 20th century. Two historic buildings on the site will be renovated. "It's a project that combines original historical buildings with modern architecture. The trends respond to the demands for ecological and energy efficiency,” added Jan Ditz, the financial director of RSBC.
The buildings will offer 141 apartments ranging from 1+kk to 4+kk from the second to the eighth floors. Retail spaces will be located on the ground floor. The underground part is reserved for parking.
Moravská stavební - Invest is a development company that has been active in the Czech market since 1998. It focuses on construction primarily in Prague and Brno. The investment group RSBC was established in 1998 originally as the manager of the restituted assets of the Schönfeld family. It focuses on investments in industry, agriculture, commercial and residential real estate, and new technologies.
According to data from the Czech Statistical Office, construction companies in Prague started building 1,990 apartments in residential buildings in the first half of this year. This is three-quarters more year-on-year, but two-fifths less compared to the record year 2008. According to a study by the Association for Architecture and Development, Prague could lack up to 50,000 apartments by 2030. The reason is the slow pace of approving residential construction. According to the strategic plan, about 6,000 new apartments are needed annually in the capital. However, since 2010, when the approval process significantly slowed down, an average of about 3,000 apartments have been approved per year.
According to analysts, insufficient supply is one of the causes of the significant price increase of apartments in recent years. Since mid-2015, sales prices in the capital have increased by about 90 percent to 102,058 crowns per square meter. Prices are also rising due to increasing land, construction labor, and material costs, according to analysts. They further mention high tax burdens or unnecessary technical requirements.
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