Court victory means Pražská tržnice modernization can move forward

Pražská tržnice

Robert McLean

#cee, #proptech, #development a #architecture

The City of Prague has regained control over the Pražská tržnice marketplace in Holešovice – Prague 7 after a court case with the current tenant that dragged on for nearly 10 years. The finding clears the way for reconstruction of the huge complex to move ahead more quickly. Prague won its case already two years ago, but Delta Center appealed the decision to the Supreme Court. Delta Center has to leave the market and pay back rent and interest to the tune of CZK 246 million. It had occupied Pražská tržnice since 1995 on the basis of a 50-year lease, but failed to reconstruct the complex as promised. E15 reports that Výstaviště Praha, which is overseeing reconstruction work on Prague 7’s exhibition grounds, will take over the property in July. Plans for the modernization of the market (a former slaughterhouse complex) call for a combination of shops, gastronomy, offices as well as a lookout tower.

It’s just the latest example of positive news for the district, which is massively underdeveloped, despite its proximity to the center. Other development plans along the river include the new concert hall at the Vltavska metro station and Port 7, Skanska’s new business district. The key to linking those two zones, however, would be progress on the former Bubny cargo station.

(Photo: CMC Architects)

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