The future of the former Žižkov Freight Station (nákladové nádraží Žižkov) in Prague 3 is finally becoming clear.
Central Group, together with representatives of the city and the Institute of Planning and Development (IPR), officially launched the construction of a new district in the northern part of the now unused Žižkov Freight Station (nákladové nádraží Žižkov).
The developer plans to build 2,500 flats, a secondary school, two elementary schools, several kindergartens, and a park. The first block should be ready in two years.
According to Central Group, the new district will be the largest project ever to be created on a brownfield site. Central Group bought the land from the original developer Discovery Group in 2016, who planned to build a giant shopping centre with offices, a hotel and several apartments.
“We completely redesigned the whole project. Together with the planned construction in the former Telekom area, the park district is one-third lower than originally planned. This will logically reduce the traffic load as well,” said Dušan Kunovský, founder of Central Group.
The costs have risen from 14 to 20 billion. “Unfortunately, the costs have shifted to huge amounts, due to the increase in energy and construction work prices. I honestly did not count on such a huge increase,” said Kunovský.
The entire district should be completely completed by 2032.