Flow East begins demolition of Wenceslas 47

Flow East begins demolition of Wenceslas 47

Published at: 2017-04-19 11:27 | Author: CIJ Journal
Demolition is underway of Wenceslas 47 at the corner of Wenceslas square and Opletalova street in Prague 1, opening the way for the construction of a new mixed-use, steel and glass project by Flow East. To be called Květinový dům, the new building will offer retail and office space across nine floors. The project extends to the the courtyard of the Jalta hotel as well as on the site of the former printing firm on Opletalova street which the developer tore down previously. Flow East acquired Wenceslas 47 in 1994 but was unable to secure approval for its demolition until 2013. However, the developer’s plan for the building from 1880 proved controversial, despite the refusal by the Czech Ministry of Culture to include it on the list of protected building. Investment in the project is expected to run to around CZK 1bn.

Similar Stories:

Esquires Coffee opens at Veranda Mall in Bucharest
Esquires Coffee has opened its first cafe in Romania at Veranda Mall in Bucharest. The com  »
Prague developers to partner with city on metro improvements
Prague's transportation company (DPP) has confirmed it will be partnering with some o  »
Real I.S. acquires Benger-Haus in central Stuttgart
Real I.S. has acquired Benger-Haus, a fully-let office and commercial property at Marktpla  »
Merko and Bariot Groups enter contract for mixed use Tallinn building
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and Bariot Group OÜ have entered in  »
And it’s not just shift workers to man the machines and assembly lines and to stack good   »
Czech Republic  ♦  It‘s Prague 4 vs. The World
Prague 4 appears to have done away with formalities and diplomatic language and made it cl   »
This reflected economic and political reality, as the country is being pulled in differing   »
In Brno, Messe Düsseldorf, the German majority shareholder in Veletrhy Brno, has even hal   »