In Prague's Holešovice, up to a thousand apartments are set to be built within seven years

PRAGUE - Up to a thousand apartments, office and commercial spaces, restaurants, and cafes are expected to be built in Prague's Holešovice over the next five to seven years. The Prague Marina project is located on the site of the most significant Prague port built 110 years ago. The total scope of construction, including the already operational Lighthouse high-rise office building, represents an investment exceeding 500 million dollars (12.5 billion CZK). This was announced today by the CEO of Lighthouse Group, Tamir Winterstein.
The first phase of construction includes approximately 350 upscale apartments ranging from 40 to 220 square meters, which will be situated in three separate eight- to ten-story residential buildings. The price per square meter is around 49,000 CZK to approximately 70,000 CZK excluding VAT. Construction is expected to begin by mid-2006, with completion planned during 2007. Currently, the issuance of the zoning decision is awaited. A tender for the general contractor will be announced in the first half of next year.
During the construction of the project, which will be located on approximately 350,000 square meters of gross area, current heritage-protected objects will also be preserved, such as the historical ship lift. Highlights will include the creation of a sport marina for recreational vessels and the restoration of water flow in the port through the original flushing canal. The architects of the Prague Marina project are the Czech studio A.D.N.S. architects and the English company Chapman Taylor.
The new development is planned for the site that was hit by devastating floods in 2002. The entire waterfront is already protected against flooding by a system built by the city on the left bank of the Vltava River. The protective dikes exceed the flood level of 2002.
The developer of the project, the joint-stock company Prague Marina, belongs to the Lighthouse Group, which also operates a commercial complex in Prague's Šárka and completed the dominant administrative high-rise building, Lighthouse, in Holešovice last year. The company intends to expand its activities to other cities, and negotiations are currently underway for a larger residential project in Brno. The company did not wish to disclose further details at this time.

Lighthouse Group plans to build around 900 apartments in Prague's Žižkov

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PRAGUE - On an area of nearly 15 hectares, around 900 new housing units, ranging from studio apartments to four-room apartments, are to be built in Prague's Žižkov over the next five years. Commercial spaces are also planned. The investment is estimated at 150 million euros, which is approximately 4.4 billion CZK. This was announced today by the CEO of Lighthouse Group, Tamir Winterstein.
The apartments will be built in approximately 30 separate seven- to twelve-story buildings. The prices of apartments will range between 35,000 and 43,000 CZK per square meter excluding VAT. This approximately corresponds to the prices at which apartments are most frequently sold in the metropolis. However, some developers offer cheaper apartments, such as the company Ekospol, which offers prices starting at 26,000 crowns per square meter including VAT in the newly developed Boloňská housing complex in Prague 10.
The construction of the Green City project, which is located in the former garden colony of Jarov, will take place in four phases. The first phase of construction, which is expected to include around 200 apartments, will start before the middle of next year and is expected to be completed by the end of 2007. The company is currently awaiting the issuance of the zoning decision. It will select the general contractor in the first half of next year. The architect is the Prague studio United Architect Studio, led by Jaroslav Myška, who is also working on the housing estate project in Prague Modřany for the Israeli developer Neocity Group.
In addition to the Green City, Lighthouse Group is also preparing the construction of Prague Marina in Prague's Holešovice, where up to a thousand apartments, office and commercial spaces, restaurants, and cafes are expected to be built in the next five to seven years. Completed projects include the Lighthouse high-rise building, which is also located in Holešovice. The company plans activities in other cities as well, and is currently negotiating a larger housing project in Brno.