10 January 2019 – Eje Prime
The countdown to the start of the work on Operation Chamartín could begin very soon. The developer behind the macro urban development project, Distrito Castellana Norte (DCN), is hoping that the Town Hall of Madrid will definitively approve the plan to start construction in 2020.
Antonio Béjar, President of DCN, explained that “it is perfectly possible and expected that all of the administrative approvals will be granted before the elections”.
The director says that it is “a 20- or 25-year project” that will have to survive various governments “at the three levels of administration”. For this reason, Béjar classified Operación Chamartín as a “State Project”.
What will become a new neighbourhood in Madrid will have 10,500 homes and a new large business centre. All of that constructed on 2.66 million m2 of land, which is 26% less than the 3.37 million m2 planned in 2015, when the Town Hall was governed by Ana Botella.
Each of the two sides of the M-30 where the project will be built will have a very different feel. To the north, office skyscrapers are going to be built, whilst to the south, there will be large green spaces and cycle paths, as the backdrop to residential developments.
The office area will be built to the north of Paseo de la Castellana, opposite the Cinco Torres, and will have a buildability of 1.3 million m2, which is 200,000 m2 less than agreed in the previous plan.
Original story: Eje Prime
Translation: Carmel Drake