2021, the year of the great urban projects in Madrid – idealista / news

The capital of Spain faces a key year for its large urban projects. Madrid intends to generate thousands of jobs and attract a large volume of investment thanks to Beginning of the works of Madrid Nuevo Norte, the beginning of the works in the old factory of Clesa, the continuation of the reform of the Santiago Bernabéu or the completion of the Caleido Tower, among other developments, as reported The Economist.

The project that arouses the most interest is the old Operation Chamartín. The one that aims to become the largest urban regeneration intervention in Europe has received the approval of the Madrid City Council after more than a quarter of a century of waiting. During this fiscal year, the underground works of the tracks of the Chamartín station and the first works in some of the plots of this extensive development will begin. Madrid Nuevo Norte is expected to create 94,000 jobs over the next two decades.

Also in the north is the old Clesa factory, where Metrovacesa projects a mixed residential and tertiary development, which obtained final approval at the end of 2019. The developer plans to build offices, hotels, a commercial and a student residence.

2021 will also go down in history as the year in which the works on the Caleido Tower are completed. The mixed-use skyscraper will be an IE business school, a Quirón clinic and an outdoor shopping and leisure area of ​​more than 16,000 m2. Advancing through the Castellana, the Santiago Bernabéu has seen how the covid crisis accelerated the reform of the stadium during 2020 due to the absence of public in its stands. The rehabilitation is expected to end in 2022 after an investment of 500 million euros that will bring the club 150 million euros of income each season.

Another of the most famous renovations in the city is the Torres Colón, owned by Mutua Madrileña. The reform entails the elimination of its emblematic plug, the ornamental finish that crowns the complex, and in its place four new office floors will be erected, keeping the height (117 meters) and the buildable area of ​​the towers unchanged.

Before the summer, the transformation project of Plaza España should also be completed, whose works began in May 2019. The Parque del Oeste, the Sabatini Gardens, the beginning of Calle Princesa and the end of Gran Vía converge in this square; this circumstance of axis between different poles of Madrid has made the square one of the busiest and most iconic in the city.

For its part, in the residential sector it is expected that this will be the year of the definitive take-off of developments in the southeast. In fact, Los Ahijones could have the first homes in development encompassed within the Southeast Strategy, which is called upon to inject thousands of affordable homes into Madrid’s residential supply. Thus, the area of ​​Los Berrocales, Valdecarros and Los Cerros will also advance in its development.

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