Prague 6 plans to buy non-residential premises in a residential project on Vítězné náměstí
The Victoria Palace project will have eight floors above ground upon completion. Photo: Jan Puci
The residential project Victoria Palace is being built on the undeveloped plot of land on Vítězné náměstí in Dejvice, which, when completed at the turn of 2023 and 2024, will offer ninety-three luxury apartments. During the sale of the plot of land needed by the private investor to implement the project, the Prague 6 City Hall agreed that it would be possible to purchase non-residential space on the ground floor of the building. Mayor Jakub Stárek (ODS) plans to set up a self-service food store in them, informed the Prague Patriot server.
The development of the land in the northwestern part of Vítězné náměstí, which is located between Yugoslávské Partizánů and Verdunská streets, has been talked about for many years.
In 2013, the construction of a multi-functional building, which was designed by Radan Hubičky’s architectural studio for PPF Real Estate, was to begin here. The glazed white building with an organic shape was nicknamed the Ice Bear. The seven-story building was primarily intended to house offices, but also a cafe or a library.
The construction caused conflicting reactions among the professional and lay public. In 2015, the Prague municipality canceled the zoning decision for the construction of the building, the investor was given the task of modifying the project so that it was in accordance with the requirements of the spatial plan and preservationists.
In 2017, after years of debate about the construction and the project, the PPF group sold Karel Pražák and the Penta group. The new investor decided to build the Victoria Palace housing project on the site, which was designed by the studio of architect Jakub Cigler. The project is now being built, luxury apartments are already being sold. The price of some? Even over thirty million crowns.
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Non-residential spaces will be created on the ground floor, and Prague 6 has the right of pre-emption. “When the municipality sold the necessary land for the implementation of the project, it agreed that it would have the right to buy the premises in Viktoria Palace,” said the mayor of Prague 6, Jakub Stárek. The municipality received 120 million crowns for the land.
In the contract with the investor, Prague 6 agreed that when it buys non-residential premises, it will pay no more than what it received for the land. The valuation of the space will be based on an expert opinion, which will be created only after the construction is completed, which is planned for about a year. Regardless of the assessment of the tent value, Prague 6 will pay only the mentioned 120 million in case of interest in the purchase. That’s the ceiling.
“The owner of Victoria Palace will find a tenant according to the requirements set by Prague 6. It will definitely be a civic amenity, we have the idea that a grocery store would work there,” said Stárek.