The developers were not deterred by the floods; they will not give up on projects by the Vltava

Prague - Luxury housing for wealthier clients right by the Vltava will continue to be offered by Prague developers. Even floods did not deter them from further construction. This was stated by representatives of companies building near the water to ČTK.
    The largest building activity in recent years has been on Rohanský Island in Prague's Karlín. This part of the city was successfully protected from floods by flood barriers, so construction in this area will continue in the coming years.
    "On our building River Garden I, which has been open for a year, we have confirmed that it is resilient. Water did not get in there. It has shown that even such a situation cannot threaten the project," said Ladislav Pavlík, spokesperson for HB Reavis Group CZ. The developer based in Luxembourg will therefore continue with the construction of two building phases River Garden II and III. This complex of new buildings, which will offer 24,500 square meters of office space, is set to be completed next spring.
    The floods also did not cause problems for the Karlín Group, which built the River Diamond building in the same location and plans more residential projects there. "This year's floods will not negatively impact the plans of the Karlín Group developer in Karlín; on the contrary, we want to focus even more on the upcoming residential projects on Rohanské nábřeží," stated Belgian entrepreneur Serge Borenstein, co-owner of Karlín Group.
    The developer's most current plan is the residential project Residence Vltava. The company wants to actively lobby for even better flood protection measures. "We are of course pleased that Karlín has successfully withstood it all. However, it is clear that certain specific issues will have to be reopened and reassessed based on the current situation, such as the adequacy of flood protection measures on Rokytka in Libeň, which also threatens Karlín," noted Borenstein, stating that his company will actively participate in these discussions, just as it did after the floods in 2002.
    An assessment of damages and likely a reassessment of plans await the company Crestyl, which is behind the "new Prague district DOCK." This area is on the border of Libeň, Karlín, and Holešovice and was affected by the floods. "Over the weekend, we took all measures to protect the health of individuals and property, and evacuation of personnel was carried out. Currently, the entire area of the project is closed off with no access, and we do not have more detailed information available. At this time, we cannot specify the impacts further and cannot comment in detail," said Crestyl's commercial director Radim Sayed on Tuesday.
    It is currently unclear whether the developer will continue with the second phase of the project, which it promotes on its website, among other things, as "peaceful and romantic housing with a view of the water surface." According to original plans, the DOCK project was to offer a total of 120,000 square meters of commercial and residential space upon completion of its four phases.