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.