Duna City
The proposed schedule takes into consideration the market cycles of each segment, the interaction of various elements, the development capacity of the area at hand as well as the time and spatial limitations of the desired development quality.
In the first phase, the former warehouse would be assigned a function. This would help
introduce and popularise the development area. These functions would include catering and
entertainment on a base area of 6,000 m2, in connection with open-air Block F, which is to
act as a promenade and festival square.
Simultaneously, the reconstruction and expansion of the protected office building would be commenced. This building would also receive a new function, on a total area of 15,000 m2.
In connection with the above, temporary utilisation would include housing leisure, entertainment and catering facilities, providing an “event site” on a section of the riverside (Block F), serving as a kind of prelude to the later atmosphere (“festival park”).
Afterwards, the first green field investment is commenced on the commercial centre in Block A, on a net area of 20,000 m2, in line with the stage of the development of Block B including the commercial and office functions. The latter will provide a shopping arcade on 50,000 m2 and offices on another 50,000 m2.
The residential development in the low-built area of Block J (row houses and blocks of flats along the riverside) will be started simultaneously but independently of the office and
commercial developments. The area will be accessible through the already constructed passageway from Beöthy Street.
The residential function will be extended in the process in Blocks I, G and H, where the riverside row houses will be followed by blocks of flats. The construction of the blocks will start from the Danube side and then progress towards the city. Considering the absorbing capacity of the market and the composition of the product portfolio, a total of 250-400 flats are expected to be delivered annually.
Exploiting the area's unique characteristics, the next phase will comprise the implementation of unique iconographic elements that will add a new flavour to the city. In addition to the high-rise buildings (Blocks C and D), the construction of floating homes will also commence.
The starting date for Blocks C and D, comprising mostly office functions (on a net area of approx. 130,000 m2) will depend largely on the demonstrated tenant absorbing capacity.
After delivering the office development in Block B, the full office programme will be divided into several stages. Schedules for additional facilities (hotel, conference centre, sports centre) will also be based on operator requirements, starting from Kvassay Road, progressing towards the interior of the area. Assuming current market trends will not change, the construction and leasing of offices on a base area of 20-30,000 m2 every 2-3 years is a realistic target.
After delivering the office development in Block B, the full office programme will be divided into several stages. Schedules for additional facilities (hotel, conference centre, sports centre) will also be based on operator requirements, starting from Kvassay Road, progressing towards the interior of the area. Assuming current market trends will not change, the construction and leasing of offices on a base area of 20-30,000 m2 every 2-3 years is a realistic target.
After the completion of the above phases, the prestige of the entire development project will be greatly enhanced, which makes it possible to achieve the highest possible quality in the course of developing the most valuable areas. The next step is the implementation of the high-density and high-price luxury blocks of flats in Block F (200 in total).
By this time, the former warehouse may be ripe for a change of function, housing high-profile loft flats from then on (110 in total).