Wednesday, 29 April 2026
A redevelopment project is planned for the site of the former Prior department store in Prague’s Modřany district, where a new mixed-use scheme will combine retail, office and residential functions.
The project, known as Galerie Modřany, is being developed by Prior 12 in partnership with the Prague 12 municipality under a public-private partnership structure. FETTERS management has been appointed to oversee development and project management.
The scheme will replace the existing building with two eleven-storey structures, delivering approximately 8,700 sqm of retail and office space. Plans also include 102 apartments intended for long-term rental and 109 units for sale.
Construction is expected to begin in the second quarter of 2027, with completion targeted for 2029. The project has already received an environmental impact assessment and is currently undergoing further permitting procedures.
FETTERS management has been involved since 2022, providing development management services and representing the investor throughout the planning phase. Its role will extend to overseeing construction, coordinating tenant leasing and managing residential sales and marketing.
“For us, the Modřany Gallery represents not only another multifunctional project, but also an opportunity to participate in the development of an important location in Prague 12,” said Tomáš Fetters.
The development will include a supermarket, retail units, restaurants and office space, alongside residential units ranging from smaller apartments to larger family units. Underground parking and storage facilities are also planned.
According to Petr Šula, the project reflects a collaboration between public and private sectors aimed at upgrading the area and introducing additional services and functions.
The buildings are being designed to meet LEED Silver certification standards, with a focus on energy efficiency and systems such as heat recovery, ventilation and shading.
