REAL ESTATE NEWS

Central Park Prague

One of Czech Republic's most ambitious residential project to date, with total investment of almost 4.5 billion crowns, Central Park Praha in Prague 3 will boost the living standards of Prague citizens to a new level. The sale of apartments, town houses and penthouses is proceeding apace, and of the 180 units available in the first stage, over 60 % have now been sold. Central Park Praha will welcome its first new residents in May this year. The project’s second phase, which includes 340 additional terraced townhouses, two-story duplexes as well as studio apartments and “eagle’s nest” penthouse suites, is scheduled to wrap up by the end of the year.

According to Milan Ganik, managing director of CPP Development a very broad spectrum of people is showing an interest in living in Central Park Praha. Residences are being bought by families with children, managers, foreigners, older people, young couples... Central Park Praha offers a wide variety of housing types, allowing everyone to find a home of their dreams. The unique project is currently under development at the junction of Žižkov and Vinohrady right next to Parukářka Park. The hybrid nature of the Central Park Praha project combines landscaping with architecture, residence and townhouse features, and the privacy of living in a residence with comforts and services that rival the finest hotels. Developers were inspired by the livelihood of New York. To evoke New York City’s Central Park, officials placed a strong emphasis on maintaining a good amount of green space during the development. Highlights for residents will be Central Park Praha’s private recreational area, landscaped gardens in addition to biking and walking trails. This will work to create the oasis-style effect. Not only that Central Park Praha offers a range of services which no other real estate in the Czech Republic can it will be accessible, cosmopolitan, and it will have the full urban infrastructure - from cleaning and maintenance to car washing services, food and medicine delivery, events for children, walking household pets, translation services and assistance in dealings with local authorities. And, of course, it will have a lot of character. The elaborate urban concept is a combination of towers and townhouses, situated on a slope around a new private park. The tower residences are superbly designed to provide excellent use of space, from studios of 45 m2 to spacious five-roomed apartments. Each comfortable apartment has top-quality interior fittings: a bathroom for each bedroom, walk-in wardrobes, boiler rooms and Bulthaup fitted kitchens with Siemens appliances, air conditioning and the possibility of installing an i-Home system for electronic home management. All the tower residences have their own spacious balconies which run all the way around the outside of the apartment. The top floors of the towers provide an ideal space for luxury penthouses, which offer a unique panoramic view of the Old Town and Prague Castle. The attractive town houses have also proved popular. They allow city-dwellers to fulfil their dream of living comfortably in the centre while at the same time enjoying the advantages of a house surrounded by greenery. Opportunities like this to live within easy reach of the city centre are now extremely scarce on the Prague residential property market. The town houses provide a total feeling of privacy, and are immediately adjacent to the development's private park. This goes right up to the outer walls of the town houses, which are covered in a carpet of grass. The project also features a luxury sports and wellness club with a swimming pool, tennis courts and a wide range of fitness studios, along with facilities for children. A green bank naturally closes off the entire area from unwelcome guests. Tomáš Zykán, Central Park Praha's brand and marketing director,says “Basically, we think it will be the ideal place for people to have a home that’s close to the center of town.Central Park Praha is trying to re-create the standard of living in Prague for the 21st century,” . < back