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Grace by the Normandy Shore
Luisa Spagnoli's Fall/Winter 2024 collection brings to life the magic of Deauville, where French aristocratic flair meets coastal elegance.
In Karlín, in what was once an industrial area that naturally extends from Prague’s center, he and Serge Borenstein, Charles Butler, and investor Marc Rich — his partners at the time — saw potential as early as the 1990s. However, the opportunity to transform it into one of today’s most sought-after locations presented itself in 2002 when Prague was hit by devastating floods. “We did a tremendous amount of work there. Not just by European, but global standards. In a short time, we essentially built an entirely new district,” recounts Milorad Mišković.
Karlin Group, however, didn’t start from scratch. Where it was possible to salvage the original buildings, the developers proceeded with care. They enhanced and modernized Karlín rather than fundamentally changing it. Thanks to this approach, Karlín still retains its original character, which attracts residents, businesses, and tourists alike.
“We brought the world’s best architects to Prague, and other developers followed us to Karlín. Crestyl, AFI Europe, and others bought projects from us,” he explains. Top-notch restaurants, excellent shops, and cultural venues then appeared organically, as well as civic amenities such as bike paths or the footbridge leading across Štvanice Island all the way to Holešovice. “I don’t want Karlín to be quiet; I want it buzzing with life. A place where people really make the most of every day.”
Although Milorad Mišković left Karlin Group years ago, he eventually moved to Karlín with his entire family. And the name of his own company, Karlin Port Real Estate, speaks volumes about his relationship with this district. Now, however, he faces another pioneering project, this time beyond Karlín’s borders: transforming Vyšehrad Station from a ruin into a residential project.
In addition to renovating the historical building, the project includes two new structures. “Just like in Karlín, we’re not afraid to push boundaries with innovative architecture. Our goal is to honor the spirit of the place and Prague’s urban fabric, while also shaking things up a bit. We’re doing that by being the first developer in the Czech Republic to sell micro-apartments instead of renting them. It’s about time Prague caught up with what’s already the norm in cities like Paris and London.”
