V Tower underway in Prague-Pankrác

V Tower, the tallest residential high-rise in the Czech Republic, has gotten underway in the Prague 4-Pankrác business district. The 104-meter building will offer 130 high-end apartments, ranging from 50 sqm to 380 sqm. Sales launched today with prices starting at CZK 100,000/sqm for units on the bottom floors. Designed by the architect Radan Hubička, the building is going up next to the Arkády shopping center and City Tower in Pankrác. Aceur Investments acquired the project from the bankrupt developer ECM and chose PSJ to develop the scheme. Martin Jaroš, PSJ’s board chairman, says the developer redesigned the whole building in cooperation with Hubička so thoroughly that it had to obtain new planning and construction permits. This took more than two years. V Tower is scheduled for completion in the third quarter of 2017. Jaroš also said that PSJ plans to build an office building next to it, which ECM originally designed in the shape of a cylinder. Current plans envisage a lower building with a larger floorplate.