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Huge constructions in Budapest
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Portfolio.hu reports that HB Reavis, a Slovakian property developer company works on two major developments in Budapest on a leasable area of 168,500 square metres. One of the past few years’ greatest investment in commercial real estate will be carried out at the meeting area of the Árpád Bridge and the Váci road, whereas an unused listed building will be turned into a modern business centre in Buda, at the Bem Square.
One of the developments of HB Reavis will be carried out in a significant transport hub of Pest: in the common area of the Váci road office corridor and the Hungária ring road. The process of the development in this leasable area of 136,500 square metres is divided into several phases and international – e.g. the Make Studio from London – and Hungarian designers – such as the Finta Studio from Budapest – are included in the construction.
Only a few details are known about this major investment so far: according to the developer, unique architectural designs, a service provider building of more than 10,000 square metres, communal squares aiming to beautify the cityscape, and green areas are planned to characterize the new complex at the Árpád Bridge. The implementation of the first building is said to begin already this year and is expected to open in 2018.
The other construction is that of the Bem Palace, a new business centre of offices in Buda. The HB Reavis purchased the Bem Palace project from the Európa Ingatlan Befektetési Alap (Europe Property Investment Fund) in April 2016. The project was already in the construction phase with a valid construction permit. Thus, the company will be able to build a leasable business centre of 32,000 square metre in Buda.
The new centre, permitted by the Cultural and Heritage Protection Office and approved by the plan board, will fit in its environment as a mixture of the listed building before and the ideas of modern architecture. The property became listed temporarily in 2006 even though art historians only found a few monument values at the time.
The Bem ter construction is one of the most hideous things I have ever seen. It is an architectural hate crime.
What is wrong with the people today? It’s absolutely incomprehensible how big stupid real estate firms are mishaphing our cities. And it’s even a bigger mystery how the Office of Heritage Protection can agree to that kind of concept. Its not even a concept. Its just about money making. And the reward is that Budapest is losing historical values. How can this be a solution to tear down 90% of an existing building? Architecturally its the biggest shit I’ve seen. There is no such as ”integration”, no ”fitting into environment” or ”mixing old with modernity”. Just whitewashing. Sadly when money flows everyone is loosing their mind.
What is wrong with the people today? It’s absolutely incomprehensible how big stupid real estate firms are misshaphing our cities. And it’s even a bigger mystery how the Office of Heritage Protection can agree to that kind of concept. It’s not even a concept. It’s obviously just about money making. And the reward for that is that Budapest is losing historically important buildings. How can this be a considerable idea to teardown 90% of an existing building? Architecturally and aesthetically the biggest shit. There is no such as ‘integration’, ‘fitting into environment’ or ‘ mixing old with modern’. Just whitewashing. Sadly when money flows everyone is losing their mind.