New redevelopments in Milan, downtown and Stephenson area

As we have been writing for a long time now, Milan can undoubtedly boast the title of the most dynamic city in Italy, especially as regards its urban landscape. For years, in fact, numerous renovation and redevelopment works have been underway on buildings, blocks and even entire neighborhoods, which are giving the Lombard capital a new face projected towards the third millennium.

Milan is therefore increasingly an international city, and the new news that has reached us in recent days speaks of major redevelopments in two distinct areas of the city: in the center and in the Stephenson area.

Redevelopment of the former Monte dei Paschi in the centre

In the Scala area, the redevelopment works of the elegant building in via Santa Margherita 11, once the headquarters of the bank of Monte dei Paschi, are now well underway. The work is managed and coordinated by the Asti Architetti studio, which developed the project.

The iconic historic building will be at the center of a redevelopment project of the entire via Santa Margherita, as well as the adjacent piazza Paolo Ferrari. The project, inspired by ESG principles (Environmental (environment), Social (society) and Governance), is at the forefront of efficiency and environmental sustainability, so much so that it has obtained LEED Platinum, BREEAM Very Good and WELL Bronze certifications .

During the presentation held on 29 March 2023, the company that owns the Ardian property made itself heard through the voices of Nicolò Saidelli, head of Ardian Italy, Rodolfo Petrosino, Ardian’s Real Estate manager in Southern Europe, and Matteo Minardi, Head of Real Estate of Ardian Italy, who expressed all their satisfaction.

As if to repay Milan, Ardian donated the Changing Cities exhibition to the city, inaugurated precisely on the occasion of the presentation. It includes 60 photos by 14 famous photographers who have chronicled the transformation of big cities from the 1950s to today.

As regards the redevelopment of the former Monte dei Paschi building, it is a construction site that will restore a huge 6300 square meter building on 10 floors, 3 of which underground and 7 above ground, according to an architectural concept that links modernity and tradition , maintaining the characteristic features of the building but at the same time enhancing its potential. Large glass surfaces, a large internal courtyard and a second terrace garden complete the work.

Redevelopment of the Stephenson area

Another good dose of ferment in the city is around the masterplan of Zona Stephenson, an area located in the north-western suburbs of Milan, in the district of Roserio. The area is occupied by 4 Unipol group management towers and a series of abandoned industrial buildings. It is located between the Milan-Turin-Domodossola railway and the Milan-Turin and Milan-Laghi motorways, between Cascina Vernasca and Fiorenza.

To redevelop the area, Urban Up | Unipol has launched a competition by invitation to define a new quality urban area that consolidates the value of the area also thanks to projects that include sustainability and ecological compatibility.

Six international architecture studios have been invited to participate in the competition for the redevelopment of the area: they are Sanaa, Atelier(s) Alfonso Femia, Mario Cucinella Architects, Barreca & Lavarra, Herzog & De Meuron and Maurice Kanah. The architects will have to try to remedy the problems of the area, which has emptied itself also due to the change of perspective of Milan, which from an industrial city has been transformed into a city of services. Some attempts have been made in the past, with the construction of the Barcelò Hotel and the Klima Hotel at the beginning of 2010, even if the symbol of the area is the skeleton of a building begun in 2012 and never completed.

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