Praha 3 orders the preparation of a residential building project on K Červenému dvoru street

Prague - Prague 3 will commission architects selected from a competition to prepare the project for the first of the residential buildings planned to be constructed on K Červenému dvoru street near the former Žižkov freight train station. The contract, worth approximately 16.4 million crowns, was approved by the city district council on Wednesday through a so-called negotiation procedure without publication.

Prague 3 aims to build over 90 apartments in three buildings in the southern part of the construction block defined by Na Viktorce and U Staré cihelny streets. The approved procurement procedure concerns the documentation for the first of these buildings, and according to previous information, the city hall will approach the authors of the top three designs that were successful in the architectural competition held last year. These are the studios choc, Martin Neruda Architecture, and Kota atelier.

In the first phase, according to earlier information from the city hall, about 40 apartments should be created, along with gardens, community spaces, and a daytime care center for senior citizens. Additional buildings will be constructed in subsequent projects to enable the city hall to utilize time-limited grant programs.

The buildings in the city district will be located next to the site of the Žižkov freight train station, where a neighborhood for nearly 20,000 people is being developed. Apartments are already being built there by Central Group, and projects are being prepared by developers Penta Real Estate, Sekyra Group, MY Park, and Cresco Real Estate in collaboration with Wood & Company.

Prague has been dealing with a housing crisis in recent years due to high housing prices. There are about 30,000 apartments in the ownership of the city hall, including those managed by city districts, out of 194,000 that the city had in ownership after 1991. Privatization has reduced the municipal housing stock by over 80 percent. The city's leadership and that of the city districts want to increase the number of municipal apartments again to ensure affordable housing, for instance, for representatives of professions essential for the functioning of the city.