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The Warsaw Voice » Real Estate » November 5, 2008
The Real Estate Voice
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City Backs Residential Developers
November 5, 2008   
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Marek Michalik, £ód¼ deputy mayor, talks to Magdalena Fabijańczuk.

In late June, 46 residential projects were under construction in £ód¼. Does that satisfy current demand for apartments in the city?
£ód¼ still lacks apartments, and the deficit will keep growing. Demand will rise for two-room apartments due to the growing number of households with just one or two people. A growing number of people aged 35-44 who buy better standard apartments may result in a growing demand for three- and four-room apartments.

Where can the city offer attractive plots for residential construction?
We have a large, 40-hectare area earmarked for residential housing near Ksawerowska, Konna, Wy¶cigowa and D³uga streets. The plot has a local development plan adopted by the City Council, clear legal status, and access to all utilities except for a sewage system that is to be completed by 2013.

Other areas with land development plans at the local government's disposal include a fragmented plot of 1.3 hectares on Podchor±æych Street in Z³otno estate, and a plot of 0.8 hectares on Zagonowa Street in Kochanówka estate.

In the future, residential construction may also be developed in areas that have a clear legal status but for now lack land development plans-a 0.9-hectare plot on Antoniego Ksi±æka Street; a 3-hectare plot on Zbójnicka Street; and an area close to Jarzynowa and Srebrzyńska streets.

£ód¼ is focusing on economic development-new offices and logistics centers. Is the residential market an important segment of investment in the city?
We encourage residential developers to invest in £ód¼, particularly in the city center. We also give priority treatment to investors who deliver small projects filling in the gaps in existing residential infrastructure. We support developers who apply for the adoption or modification of a local land development plan. Interestingly, a developer has applied to change an area's designated function from a hypermarket to a residential estate. We support the development of construction since we realize that people who want to live in £ód¼ need to be offered a wide range of residential options, otherwise they will move to the neighboring areas. In recent years we have earmarked some 200 hectares of land for residential construction.

Do redevelopment projects have special status in £ód¼?
Two central areas have been selected where the city will focus on redevelopment. These include the southern area between Piotrkowska, Tuwima, Kilińskiego and Pi³sudskiego streets, and the northern area between Piotrkowska, Zielona, Wólczańska and Próchnika streets.

The city is now working on redevelopment of the southern area, scheduled for completion in 2013. The project has been included by the £ód¼ Province Board on a list of projects of key importance for the Regional Operational Program of £ód¼ Province 2007-2013 and will be co-financed by the European Regional Development Fund.
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