Wednesday, 27 August 2025
At the 2025 Hall of Fame (HOF) Awards, Palác Savarin, developed by CRESTYL, was honored with the “Best of the Best Retail Development of the Year” award. This recognition celebrates outstanding retail projects across Central and Eastern Europe, selected from national winners of the CIJ Awards.
Situated in the heart of Prague on Na Příkopě Street, Palác Savarin is a meticulously restored Baroque palace originally designed by architect Kilian Ignaz Dientzenhofer. CRESTYL’s renovation, completed in September 2024, transformed the historic structure into a vibrant retail and cultural destination. The project included the restoration of eleven Baroque sculptures adorning the façade, reflecting a commitment to preserving the building’s architectural heritage.
The redevelopment of Palác Savarin is part of a larger urban revitalization initiative led by CRESTYL, encompassing a 15,000 square meter site. The comprehensive plan, designed in collaboration with British architect Thomas Heatherwick and engineering firm AFRY, aims to create interconnected public spaces, including courtyards, green areas, and commercial zones, linking Wenceslas Square with surrounding streets.
A notable feature of the renewed Palác Savarin is the upcoming Alphonse Mucha Museum, set to open in January 2025. The museum will showcase a collection of the artist’s works, including previously unseen pieces, and is expected to become a significant cultural attraction in Prague.
The HOF Awards jury commended Palác Savarin for its seamless integration of historical preservation with modern retail development, highlighting its role in enhancing Prague’s urban landscape and cultural offerings.
