Olympic Village: real estate developers engaged in a speed race

Kick-off for the real estate programs of the future Olympic and Paralympic Village of Paris 2024. The Ruby lounge at the Palais des Festivals in Cannes was full as an egg, this Tuesday March 12 at Mipim, for the launch by the City of Paris, the Company delivery of Olympic works, Solideo, and the mixed economy company (SEM) Plaine Commune Development of consultation with promoters and investors. The Zac of the Olympic and Paralympic village provides for the construction of 278,000 square meters of floor space, on the banks of the Seine, straddling the municipalities of Saint-Denis and Saint-Ouen, in the department of Seine-Saint-Denis.

After the 2024 Olympic Games, this urban complex, designed by the Dominique Perrault Architecture agency, will develop around 1,900 family housing units and 900 specific housing units (students, seniors, hotel rooms, etc.), 119,000 m2 of activities, tertiary , shops and services, 9,000 m2 of new public facilities, including a gymnasium, two schools and the reconstruction of a high school, and seven hectares of green spaces.

Tight timing

Plaine Commune Développement is also launching a river eco-district on Île Saint-Denis. Included in the Zac of the Olympic and Paralympic Village, this program will develop approximately 47,500 m2 of floor space. The consultation procedure is shared between Plaine Commune Développement and Solideo, and can be viewed online at villagedesathletes.espacenotarial.com. “There is no exclusivity. Promoters can respond to both Solideo and Plaine Commune Développement consultations ”, specifies the general manager of the SEM, Catherine Léger.

The timing is very tight: submission of final offers in October, signing of sales promises in November, filing of building permits in the second quarter of 2020, start of works in early 2021, for finalization of buildings and public spaces at the end. from 2023. “I’m sorry for your month of August, and I’m sorry for the month of August for my employees as well. But we must deliver the Games ”, said Solideo Managing Director Nicolas Ferrand.

“Exceptional” consultation

The particularity of this consultation, qualified as“Exceptional” by the person concerned, is to have double-triggered building permits, with a view to dual use. First that of the Games, then the reconversion towards a sustainable district. “The future Village will become a mixed district of 8,000 inhabitants, with metropolitan ambition, connected to the future Grand Paris Express and to the Saint-Denis Pleyel hub (lines 14, 15 and 16), explained the deputy mayor of Paris, Jean-Louis Missika. We want, through this district, to be recognized as the champions of bio-based materials. The timber industry must be structured as a carbon-free constructive industry. “

The constrained schedule and the double allocation of buildings have questioned actors in the assistance. Nicolas Ferrand provided guarantees, with a fixed compensation for the invested capital granted by Solideo during the Games and for the reversibility work. The amount of this compensation varies between 127 euros and 231 euros per square meter excluding taxes, depending on the use of built surfaces. “I will be watching this site from my window, because our new head office is not far away”, joked Valérie Pécresse, the president of the Ile-de-France Region, the first public partner of Paris 2024 after the State, with 209 million euros of investment. “For the 2020 Olympics, Tokyo will set the bar very high on innovative and non-polluting mobility. We will have to be at the level, in 2024, in terms of autonomous and carbon-free transport ”, she insisted.

To note

The Paris 2024 Olympic and Paralympic Village will host 15,600 athletes and accompanying persons.

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