ULI Global Awards for Excellence: Corvin Promenade–Budapest, Hungary

Corvin Promenade is the ongoing regeneration of a 54-acre (22 ha) area within the center of Budapest, at the core of what was once considered the city’s most troubled and dilapidated district.

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(FUTUREAL GROUP)

(FUTUREAL GROUP)

(FUTUREAL GROUP)

Developer: Futureal Group
Designer: Futureal Group, Rév8, et al.
Size: 54 acres (22 ha)

Corvin Promenade is the ongoing regeneration of a 54-acre (22 ha) area within the center of Budapest, at the core of what was once considered the city’s most troubled and dilapidated district. The urban design and lifestyle program vision are coupled with a sound 15-year public/private partnership strategy led by the developer. That strategy has yielded a vibrant, thoroughly mixed-use neighborhood with approximately 4,000 residents, more than 4,000 workers, and a retail and leisure area that attracts 8 million visitors a year.

Although it is only 55 percent complete, Corvin Promenade has already created a new civic heart to the city’s Eighth District and has been a stabilizing force for the surrounding area. It has sought to promote a truly urban, healthy, and low-carbon lifestyle through programmatic diversity, hum–an scale, and the incorporation of renewable energy sources. The authentic character of the neighborhood is protected and emphasized by the enhancement of existing local institutions and through the incremental building process, which engages a variety of local architects. Corvin Promenade is based on a philosophy of synthesizing the well-being of people, and protection of the planet, along with economic viability.

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(FUTUR E A L GROUP)

Daniel Lobo is the Senior Director of Awards, Education and Advisory Group, for the Urban Land Institute, a nonprofit education and research institute that focuses on issues of land use, real estate and urban development. The mission of the Institute is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. Prior to joining ULI Mr. Lobo was an independent consultant working as project manager for a variety of urban and research initiatives, in particular facilitating open cultural urban interventions internationally, and new media research. Earlier he worked extensively as project manager for the Center for Communities by Design at the American Institute of Architects, and as Urban Designer at Skidmore, Owings, and Merrill LLP. He holds a MSc City Design and Social Science from the London School of Economics, and a BA (Honors) from the School of Architecture and Interior Design at London Metropolitan University.
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