Prague to allow new development before Metropolitan Plan approval

Prague to allow new development before Metropolitan Plan approval

Published at: 2017-03-17 11:29 | Author: CIJ Journal
Prague said it will greenlight construction in the city’s large development areas before the new master plan is approved. Developers will be encouraged to build in brownfields based on planning studies the city will prepare for these locations. This will allow developers to work on projects in locations with construction bans in place. The Metropolitan plan is not expected to go into effect until 2022. The Institute for Planning and Development (IPR) put together a list of 15 prime locations, including the area Penta wants to redevelop around the Masaryk station in Prague 1 and the Smíchov railway station in Prague 5 where Sekyra Group plans to build a new neighborhood. The planning studies may also be used as more detailed versions of the Metropolitan Plan once it has been completed.

Similar Stories:

Vienna airport could lose 30,000 jobs to Bratislava
In an effort to push through plans for a third runway, Schwechtat airport in Vienna warns  »
Work on Prague’s Metro D line to start in 2019
Construction of Prague’s fourth metro line is due to start within two years with work on  »
Soros university may relocate to Prague from Budapest
Czech Finance Minister Andrej Babiš has suggested that George Sorose’s Central European  »
Bratislava ring road construction blocked by land buyouts
The Slovak Transport Ministry has not secured a construction permit for the Ivanka pri Dun  »
How much do you have outstanding at the moment in terms of real estate lending, and are yo   »
How would you rate Romania’s investment market in 2015? Even though volumes were not   »
Foreign banks are rubbing their hands in expectation, as a new Polish bank tax is expecte   »
The manufacturing sector grew by 7.1 percent, while industry report a growth of 6.3 perce   »