Cordia starts large-scale urban regeneration project in Poland
With the cornerstone laying ceremony, Cordia has begun its latest large-scale urban regeneration project, the revitalization of the site of the former Modena garment factory in Poznań, Poland, according to a press release sent to the Budapest Business Journal.
The site of Modena factory, which has been undeveloped for over two decades, will be returned to the fifth most populous and one of the oldest Polish cities along with a neon sign from the 1980s, a historic water pump, and an avenue of plane trees over 100 years old, which Cordia intends to open up to all the city’s residents.
The developer is looking to make the new estate will blend into the eclectic tenement neighborhood through the brick-like facades, the distinctive curves of the walls and balconies, and the stylish interiors of the common areas, including an elegant lobby.
According to the press release, the new quarter will have more green areas than the undeveloped site has ever had, including a recreation area with benches and hammocks and an internal green patio. In addition, the developer has integrated a number of eco-friendly solutions into the project, including photovoltaic solar panels, green roofs, a retention reservoir, and an automatic irrigation system.
“This is our first project in Poznań, so I am even more pleased that we have achieved what many before us have failed to do: to ensure that this forgotten but key place for the city's identity is given a second life. For Cordia, this is a dream project, because our group has a lot of experience in the field of urban regeneration. Our portfolio includes, among others, the award-winning Corvin Promenade project, the largest example of a comprehensive renovation of an entire quarter in Central Europe,” says Tomasz Łapiński, head of residential development Poland at Cordia.
Simultaneously, Cordia has been developing other projects in Europe. As an example, the company has announced that it will soon launch another project of this type in the Wilanów district of Warsaw, the capital of Poland.
“Regenerating large-scale urban spaces and whole districts is in the DNA of both Cordia and Futureal. Building on this experience, we are continuing our work with further revitalization ideas, besides Poland, we have such projects in the pipeline in Hungary and also in the United Kingdom. We aim to create sustainable, liveable, green, and smart spaces, with exceptional services,” says Tibor Földi, chairman of the board at Cordia International.
The Modena estate will be built in four stages, the last of which will be completed by 2028.
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