Daramis builds Prague's priciest apartments on the Vltava

Developer Daramis has begun construction of the Bay 55 residential complex on the Smíchov riverfront in Prague — with views of Prague Castle and Vyšehrad. According to the company's CEO Dušan Krajčí, it is the most expensive residential project in the city's history by investment volume: the outlay is estimated at three to four billion crowns.

On one of the last available plots in central Prague, right on the banks of the Vltava, a complex of 114 branded residences will rise. This isn't ordinary luxury housing, but homes designed along the lines of the world's best hotel projects — complete with a private wellness and fitness studio spanning about 600 square meters and a residents' lounge.

“We're starting work on the Bay 55 project in August. We plan to complete it by 2030,” said Omri Sivor, founder of Daramis. According to him, it's the most significant project in the company's history: the goal is to create not just luxury housing, but a new format of urban living that combines the privacy of home with the service level of global hotel brands.

The interiors are being handled by the studio Kristina Zanic Consultants, which specializes in designing luxury hotels and landmark branded residences around the world. The building's architectural concept was developed by the Czech firm Schindler Seko Architekti.

One of the first stages of construction will be extending the Smíchov riverfront — opening up a new stretch of the Vltava's bank to city residents and forming part of a broader transformation of this part of Prague.

Daramis has been active on the Prague market for 25 years and has repeatedly built housing right on the riverfront — the company has previously completed the Marina Island and Praha Marina Nova projects in Holešovice. Over the years the firm has completed more than 25 projects and brought over 4,300 apartments to market for more than 7,500 residents. Over the next five years the company plans to add around two thousand more apartments, including in Prague's Malešice district. Bay 55 is scheduled for completion in 2030.