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CHANGING URBAN LIVING

Steeped in history and with an exceptional heritage, the Paris Region is undergoing intensified renewal to respond to its growing population and accelerate the emergence of a sustainable city that reconciles modern facilities, commercial real estate and a pleasant lifestyle.

New projects to accelerate the development of tomorrow’s city

The Paris Region is already likened to a world city prepared for the future, boasting the densest metro network in the world, 3 international airports, an expanding network of green modes of transport – including electrical scooters, shared bike schemes and cycle tracks – 29 eco-districts and more than 100,000 sq. m of co-working space. These are all elements heralding new lifestyles and ways of travelling in cities.

The transformation of the urban landscape is accelerating, with the construction of 200 km of new tracks and 68 new stations for the Grand Paris Express project.  GPE will accelerate the interconnection of communities around the outskirts in the years ahead. The 68 stations will become the centers of new neighborhoods, with a total of 140,000 sq. m of mixed development comprising housing, public amenities, business accommodation and leisure facilities.

New equipment for the 2024 Olympic and Paralympic games will give momentum to different districts; the public authorities are already anticipating the games’ legacy. For example in Plaine Saulnier, where the Olympic Aquatic Center will be located, a public consultation is underway to define the future of the district, the objective of which is to create a neighborhood, organized around public services and a one-hectare park, where communities can live and work in harmony.

Architectural competition to reconfigure urban areas and how they are used

Rethink and build the city of the future is the objective fixed by the Paris Region through the launch of several international architectural consultations such as ‘Inventing the Greater Paris Metropolis 1&2’. These are the largest urban and development consultations in Europe.

 

Developers, investors, architects and artists have joined forces to propose innovative urban schemes that are adapted to new ways of using world cities. This remarkable initiative highlighted the Paris Region’s capacity to invent and build urban neighborhoods that are environmentally responsible, resilient and inclusive.

In parallel, the city of Paris has selected the winners of a call for innovative urban projects aimed at transforming identified spaces under the city that exploit them to their full potential. These idiosyncratic and widely unknown underground spaces, part of a mysterious city under the city, are now the subject of avant-garde projects which dare to step off the beaten track, making Paris more vibrant, more attractive and more open to new real estate practices.

Key figures

  • 12 million inhabitants,
    +250,000 by 2024

  • + 81,300 new homes in 2017

  • Region’s objective: +70,000 new homes a year

  • 29 eco-districts and 80% of the region formed of natural parkland and green areas

  • 100,000 sq. m of coworking space

  • 212,000 new businesses a year

  • 500 million consumers within
    3 hours of Paris

 

Europe’s premier center for R&D investment:

  • € 19 billion invested in R&D each year

  • 162,000 R&D jobs

  • 45% of math PhD students are based in the Paris Region

  • + 1,200 deep tech laboratories

  • + 8,000 startups

  • +53% increase in new/extensions of R&D centers, compared to +31% in the United Kingdom and +23% in Germany*

*Source: EY Attractiveness research for France 2018

The Paris Region, a showcase for French Tech

The Paris Region offers unlimited possibilities for researchers, as it is home, notably, to one of the largest business incubators in Europe, ‘The Cargo’, that is entirely dedicated to innovation and to the development of young creative businesses.

Real estate is another hub of innovation: almost 200 young businesses are based within Grand Paris and invest in the sector. BIM, augmented reality, modeling and smart sensors are just a few of the innovations that will redefine property and make PropTech an industry of the future.

Innovation results in new usages introduced by high tech services. The Paris Region is currently experimenting with the dematerialization of transport tickets by proposing the purchase and validation via smartphones.  Similarly, Urban Lab, the urban exploration laboratory run by the city of Paris, is testing new mobility solutions, modular spaces and circular economy practices. Projects for driverless cars, delivery androids, innovative urban furniture, connected objects for waste management and cargo bikes are also being experimented to create the Smart City picture.

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