Geosan Development secures permit for 283-unit Re.Start Petynka project in Prague 6

Geosan Development has obtained a valid building permit for its Re.Start Petynka residential project in Prague 6, with construction scheduled to begin in September 2025 and completion expected in the third quarter of 2028. The development will be built on a long-vacant site near the Petynka swimming pool and will comprise 283 residential units across nine floors. Approximately 40% of the apartments have already been sold.

Initial sales were dominated by smaller one- and two-room units, but interest in larger layouts and premium apartments on the upper floors has increased. The later sales phases will include maisonette units and four penthouses with terraces, green atriums, and views of Prague Castle.

The project offers a mix of compact studios, two-room apartments, practical family layouts, and high-end units. Smaller apartments, with sizes up to 30 m² for studios and up to 48 m² for two-room layouts, have attracted investor interest due to their suitability for both long- and short-term rentals.

A commercial section on the ground floor will provide retail and services for residents and the surrounding area. Negotiations are underway with potential tenants, including a supermarket, with announcements expected during construction.

Re.Start Petynka is located in a quiet residential area with access to green spaces such as Kajetánka Park, Maxe van der Stoela Park, and the gardens of Břevnov Monastery. Local amenities are available on nearby Bělohorská Street, while the Nový Smíchov shopping center is a 10-minute drive away. The site is well connected by public transport and car, offering a balance between city accessibility and a calm neighborhood setting.