Overview
- The urban management agreement enables the 'Nuevo Sur‑Méndez Álvaro' project on an 11,811 m² site once occupied by a 1992 El Corte Inglés store.
- Roughly 72% of the land is assigned to public uses, with an 8,500 m² parcel for a district park and a community facility with underground parking.
- The remaining 3,311 m² private parcel is designated for tertiary use, including a potential office tower capped at 27 floors.
- Plans place the park at the southwest end to optimize sun exposure, add native tree cover, and open new pedestrian links between Kentia and Retama streets.
- The agreement sets terms for land cessions, a single coordinated project for building and urbanization, financing of the green space, and a consultation to define the specific public facility with the Arganzuela District Board.