A proposed construction project would transform on the corner of Laugavegur and Vatnsstígur in the city centre. Some old buildings will be replaced by up to 4,000 m2 in new buildings and others will be renovated. Up to 56 hotel apartments are planned. If approved, construction could start as early as next spring.
Laugavegur, the city’s main shopping street and the heart of the city centre, has been the location of plenty of construction for the past few years. The next big construction project and the last in a series of planned renovations is the corner of Laugavegur and Vatnsstígur.
The city council has agreed to advertise a land-use plan proposal for the area, which includes apartments, accommodation and other services. About 4000 sqm will be built above-ground and 600 sqm will be renovated in existing buildings. The project is designed by Zeppelin Architects.
The buildings on Laugavegur 35 and 37 will be renovated and extended, a storey will be added to each of them.
The bulk of the new buildings will be on the Vatnsstígur side of the plot. Vatsstígur 4 will be torn down but the building was destroyed in a fire about ten years ago. The replacement building will feature 10-12 apartments, on three storeys as well as an attic with a mansard style roof and a car park in the basement. Laugavegur 33a will also be tor down.
Orri Árnason, an architect with Zeppelin Architects told RúV: “ I think this will be a big change for the better. I think we can all agree on that. It will look much cleaner and hopefully, there’ll be more life here. We’ll get two new squares, which will probably have something fun going on.”
The land-use plan is yet to be approved but Orri hopes that construction can begin in the spring.