Tallest residential building rising in Pankrác

The V Tower has faced several delays but should be finished in 2018

The country's tallest residential building is rising in Prague's Pankrác plateau. The V Tower will reach 30 stories, and its V-shaped framework should be finished by the end of the year. The 104-meter-wall structure should be completed by February 2018.

The general contractor is PSJ and the developer is PSJ Invest. The investor is Aceur Investment. Construction on the building began in June of last year, and the cost is estimated at Kč 3 billion. The developers hope to get a LEED Platinum certification for sustainability and efficiency, and already have Platinum pre-certification. It should be the first residential building in Europe at such a high level.

The building is in close proximity to City Tower, which is the second tallest building in the Czech Republic at 109 meters. The tallest building is AZ Tower in Brno, at 111 meters.

The tallest residential building in the country is currently Rezidence Eliška in Prague's Holešovice district with 25 stories measuring 94 meters tall.

The name V Tower refers to the building having two towers that join at the base. Architect Radan Hubička says the towers of the building create a male and female dialogue, and also that the building looks different from different perspectives, some times appearing like two towers and from other angles like one tower and then like two again.

Flats will start on the fifth floor and will vary in size from 50 square meters to 400 sqm. There will also be penthouses with private swimming rooftop pools. There will also be a floor dedicated to a gym and pool for residents. The building will offer hotel-like services such as a concierge, 24 hour reception, laundry and cleaning. Three below-ground levels will have 254 parting spots. The exact prices per square meter for the flats has not yet been disclosed, but they will be higher for the upper floors.

“The floors are arranged so that there are only two apartments accessed from each elevator. Most apartments are laid out floor-through to offer plenty of sunlight and splendid views all day,” the project website states, adding that a park surrounds the building.

The project comes after several delays. It was originally planned to be built before the economic crisis under the name Epoque by developer ECM Real Estate Investments, which announced in 2010 that construction had begun and final permits were about to be issued. The buildings were to have been finished in 2011. Civic groups at the time opposed the start of construction.

The new owner acquired the project from ECM in 2013 as part of insolvency proceedings and took two-and-a-half years to remodel it. The final permits for the new owner to proceed were acquired in May 2015.

For more visit www.vtower.cz (ENG)

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