Prague 3 approves developer greements for Žižkov redevelopment worth CZK 1.35 billion

Prague 3 councillors have approved agreements with developers to support public infrastructure near the site of the former Žižkov freight station. The agreements, valued at approximately CZK 1.35 billion, include financial contributions, construction of public amenities, and land transfers. The contracts, previously endorsed by the Prague City Council, will now be submitted to the City Assembly along with a proposed change to the local zoning plan.

Developer contributions are based on the gross floor area of planned buildings and are conditional upon the approval of zoning changes. The amendment would enable the construction of housing for up to 20,000 residents. In preparation since 2010, this change would represent one of the most significant adjustments to Prague’s zoning regulations.

Central Group, which is already building in parts of the area not affected by zoning restrictions, will contribute CZK 441 million through the development of a kindergarten, a park, and land transfers. Sekyra Group has agreed to provide CZK 624 million, including CZK 411 million in cash and the remainder as land. Penta will contribute CZK 122.5 million, split between a CZK 30 million financial payment and park development. This applies to the second phase of Penta’s project, with the first phase covered by a separate agreement. Developer MY Park will contribute CZK 10.4 million for a smaller-scale project.

The overall redevelopment plan for the area includes five kindergartens with capacity for 650 children, two primary schools for 1,350 pupils, healthcare facilities, and other public services. The plans also call for new parks and the construction of a tram line, which will begin as a single-track system with the potential for future expansion. Prague 3 Deputy Mayor Pavel Dobeš has proposed converting the former railway station building into a secondary school.