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Madrid Nuevo Norte closer to being approved
18 July 2019 | Vanessa Sousa

One more step was taken towards the approval of megaproject Madrid Nuevo Norte. This Wednesday, the Urban Committee voted and approved it. The final decision will be taken during the Municipal general meeting next Thursday the 25th of July.

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This is a plan that remained shelved for two decades and which includes the development of an urban complex which will host 10.476 dwellings next to the Chamartín train station, located North of the Spanish capital. According to newspaper Eje Prime, 24% of those dwellings will be protected by the Spanish State.

Within the 2.65 million sqm area, other types of assets are also expected to be built, such as student residences, offices and commercial spaces. According to Spanish newspaper CincoDías, if the project designed by Distrito Castellana Norte obtains the green light during the next general meeting, the first stone should be laid down between 2020 and 2021.