Across the city, major projects are underway or in the pipeline that promise to make the Czech capital a better place to live.

Tram to Wenceslas Square

Where else is better to start than Wenceslas Square. It’s laid out by Charles IV in the 14th century, witness to countless historical events, and today a hub of tourism and commerce with some 1,600 companies and hundreds of shops, hotels, and restaurants.

Right now, it looks like a construction zone. The reason: a new tram line that will transform both the square and public transport across the city. Along with the tracks, the public space will be restored with new greenery, benches, and a retention tank already built underground to capture rainwater for the newly planted trees.

Metro exits will also be redesigned, and the upper part of the square will connect with the lower part, which was already reconstructed in 2023 with new paving, benches, and a fountain designed by Jakub Cigler’s studio.

The new line aims to relieve pressure on the congested city center and offer a redundant route when disruptions hit I. P. Pavlova or Ječná Street. It will also provide a missing link to Vinohrady.

The New Savarin

The area around the square is also seeing one of its biggest transformations in decades. Development company Crestyl purchased the historic Savarin Palace on Na Příkopě Street in 2015 and completed its reconstruction in 2024. Now it’s going further: a roughly ten-billion-crown project will open up the palace’s inner courtyard, connecting Wenceslas Square with Na Příkopě, Jindřišská, and Panská Streets.

Designed by Thomas Heatherwick’s studio, the project blends a classic Prague arcade with a quiet garden at its center. The Jindřišská-facing building will house restaurants; Panská will feature a market and gastronomic concepts; and three blocks on Wenceslas Square will form a shopping arcade. Completion is expected in 2030.

Replacement for Transgas

Head past the National Museum onto Vinohradská Street, where the new tram tracks will terminate, and you’ll find a striking new building rising to replace the demolished brutalist Transgas complex. A joint project by Penta and PSN, the development will have an office-facing front on Vinohradská and a residential side on quieter Římská Street. The developers plan to revive the surrounding public spaces with greenery and art. Completion is expected in 2028.

Žižkov and the New Florenc

A few stops further, the area around the Žižkov freight station is set for major change. New tram tracks are planned here too as the city already holds a building permit, and service could begin as early as next year, running from Olšanská through the freight station to Habrová and on to Jarov.

Alongside the rail work, Penta is developing a large brownfield site near Jarov into an apartment complex called Žižkov 3.0. At Olšanská, Sekyra Group’s Žižkov City project envisions several new city blocks and a new park.

Penta is also planning a sweeping transformation of Florenc. The land around the former ČSAD Praha Holding bus station will become a new urban district with around a thousand apartments, offices, retail, services, and a hotel which was designed by multiple architectural studios, including a building tucked beneath the main road.

Rohanský ostrov and Karlín

Across in Karlín, Rohanský ostrov is already changing. Sekyra Group, which owns a large share of the area, has buildings already standing. Penta and J&T even through its Nový Rohan project, are also developing the island with apartments and offices.

Nearby, the historic Invalidovna hospital will be reconstructed, and new development is coming around the metro station. Trigema plans to build directly above it with a building with a wavy facade echoing the nearby Fragment complex with sculptures by David Černý. The new building will contain rental apartments and is expected to be finished in 2030. Shortly after, Central Group plans to develop around the Hotel Čechie in the same area.

Nový Rohan

Albertov Campus

On the right bank of the Vltava, Charles University’s long-planned Albertov campus is moving forward despite earlier setbacks. The new Biocenter will bring together six scientific fields and aims to make Albertov a living neighborhood rather than one that empties out when students leave with a goal central to the vision of architect studio Znamení čtyř. One of the largest public investments in recent memory, the campus is expected to open in 2028.

Smíchov’s New District

Across the river, Smíchov is undergoing its own transformation. A new transport terminal is under construction at Smíchov railway station, designed by studio A69, that will unite metro, trains, trams, and buses even including lines relocated from Na Knížecí under one roof. The project, worth several billion crowns, includes a full reconstruction of the station building and should be finished by 2028.

In the years that follow, a new urban district will grow around it. Sekyra Group is continuing with a Česká spořitelna campus that will include the bank’s headquarters, public spaces, a boulevard, and a cultural center with a grandstand. That first phase should wrap up by the end of next year, with further phases like a future ČEZ headquarters to follow.

Elsewhere in Prague 5, the Sebre company is developing a riverside residential project called Šemíkův břeh in the Erpet area. The project features semi-open blocks oriented toward Vyšehrad, a riverside promenade, and a newly accessible embankment. Building permits are in progress, with construction hoped to start early next year and completion targeted for 2030.

Holešovice Looks Ahead

The final stop is Holešovice. Already one of Prague’s fastest-evolving neighborhoods, it is set for an even more dramatic shift: within five years, a completely new district is planned around the Holešovice railway and metro stations. Nearly all existing buildings in the area will be demolished, replaced by six new city blocks. An architectural competition for the area is currently underway.

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