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A food hall and shops in the former tobacco factory in Florence

12 December, Milano Finanza

The requalification project of the vacant area that used to be Florence’s old tobacco factory is worth over 200 million euro, 25 million of which only for planning fees.

The complex is located close to the old town and Santa Maria Novella train station. It has 16 buildings developing on a 100 thousand Sq m surface. The area will undergo interventions to preserve the structure and reduce as much as possible the demolitions, as only the building of lesser architectural value will be torn down. The requalification project is one of the biggest urban renewal operations in Florence of the last 20 years. It is promoted by private and public companies through a joint venture between Cdp Immobiliare and the investment fund Pw Real estate III Lp of Aermont Capital, a London-based real estate investment company at its first project in Italy.

The masterplan, which is signed by the Dutch Concrete Architectural Associates from Amsterdam, is based on the creation of a central square featuring a glass roof, so that it can be used all year round. The shops will face on the square. On the ground floor, there will be a food hall resembling a big market with bars and restaurants, small shops and artisanal shops. The upper floors will accommodate workspaces and workshops. A new neighbourhood will be created around the space with streets, squares and buildings for commercial and residential use as well as hotels.

Source: Milano Finanza

Translator: Cristina Ambrosi

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