Land owned by the City of Prague, the Municipal District of Prague 8 and Dopravní podnik hlavního města Prahy lies directly at the Palmovka transportation hub and it has the potential to be redeveloped into a vibrant quarter. The aim is – as well as in the case of Nové Dvory – to offer a new mixed use of housing (municipal rental flats), modern offices, complete amenities and a public green space (landscaping and children´s playground / sports field).
Pražská developerská společnost is now focusing on land unification and coordination of the Palmovka project, which should be (after obtaining all necessary permits) developed in stages as well, in the time horizon of 5 to 10 years (2020 – 2030).
280 municipal rental flats and approx. 10,000 sqm of premises, which could be used for office, retail and other non-commercial purposes, are expected to be constructed at Palmovka.