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PSN has started construction work to transform the former Koh-i-noor factory in Prague's Vršovice district.
The nearly two-hectare brownfield will be redeveloped into a new urban area with approximately 600 residential units, commercial spaces and public areas.
The regeneration is expected to cost around CZK 3 billion. The project is one of PSN's largest developments and is designed to open a site that has been largely inaccessible to the public for decades.
Koh-i-noor Project to Add 600 Residential Units
The development will combine new construction with the renovation of historic factory buildings.
The first phase will include 125 units in a renovated building on Vršovická Street and nearly 220 units in an adjacent new-build property.
Most of the homes will be studios and one-bedroom apartments.
Around one quarter of the first-phase homes will be larger units aimed at families. Eight retail spaces will also be included at ground level in the first phase.
Across the wider site, around 30 commercial units are planned for shops, cafés, restaurants and services.
New pedestrian routes, landscaped public spaces and a central piazzetta will connect the development with the surrounding Vršovice neighbourhood.
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Historic Industrial Features to Be Preserved
The project by Jakub Cigler Architekti will combine contemporary buildings with the site's industrial heritage.
Two listed historic buildings, including the former mechanical workshops and finishing building, will undergo sensitive renovation.
The distinctive factory chimney will also be preserved and restored.
PSN plans to extend it with a lightweight steel structure to return it to its original height and retain it as a landmark on the Vršovice skyline.
PSN acquired the Koh-i-noor site in 2018. The factory complex has a history dating back to 1902 and remained an important industrial site in Vršovice for around 120 years.
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First Koh-i-noor Residents Expected in 2029
Sales of the first phase are scheduled to begin in early 2027. The first residents are expected to move into the development in the second half of 2029.
The project is being coordinated with Prague 10 and the City of Prague.
Its focus on housing, services, greenery and publicly accessible spaces is intended to make the former industrial site a more integrated part of Vršovice.
The redevelopment therefore combines residential expansion with the preservation of an important industrial landmark in one of Prague's established urban districts.
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