The completion of the tallest building in the Czech Republic will be ensured by Metrostav and PSJ holding

    PRAGUE - The tallest building in the Czech Republic, the 109-meter-high City Tower in Prague 4 - Pankrác, will be completed by the companies Metrostav and PSJ holding. This is a contract worth more than 1.5 billion crowns, which should be finished in 2007. The CTK news agency informed about this today by the ECM group, which is the project's developer.
    The building, with 27 above-ground and three underground floors, is set to become a modern administrative center. Offices will occupy an area of 42,000 square meters, commercial spaces will cover 520 square meters, and warehouse spaces will span 1,300 square meters. An exclusive restaurant and conference facilities will be located on the top floor. A total of 808 parking spaces are planned in the underground.
    The first phase of construction should be completed during the next year. "The occupancy of the entire building is expected during the years 2007 and 2008," said the project manager of City Tower, Petr Štyler.
    The consortium of Metrostav and PSJ holding was selected by ECM in the tender. Other applicants included the company Hochtief VSB and the largest Czech construction company, Skanska CZ.
    City Tower was originally intended to serve the needs of Czechoslovak Radio. The transformation of the unfinished building was designed by the studio of the world-famous architect Richard Meier in New York. The building is part of the City project, which includes other office buildings, a shopping center, new apartments, a multifunctional cultural hall, and spaces for sports and relaxation in the Pankrác plain. The total costs are estimated at approximately eight billion crowns. The entire project should be completed around 2008.
    Pankrác is considered an attractive location for the construction of office centers in Prague. Last year, the market for modern offices in the capital expanded by over 144,000 square meters to nearly 1.83 million square meters.