China's Dalian Wanda Group Co. Ltd. and Immochan's €3.1 billion EuropaCity project in Paris will require modifications to resolve concerns among politicians and locals in the French capital city, particularly, those concerning its impact on the environment, Property Investor Europe reported, citing a news release.
The main modification might see the 760,000-square-meter mixed-use development going without its planned snow park if the developers cannot prove that it will be aligned with new environmental targets. The project may also be developed in staggered phases to minimize its impact on local retailers, with Dalian Wanda and Immochan aiming to establish local partnerships, PIE noted the release as saying.
EuropaCity's original blueprint comprised 230,000 square meters of retail space, 150,000 square meters of recreational facilities, 2,700 hotel rooms, and an additional 20,000 square meters set aside for restaurants, a snow park, water park and urban farm.
The proposed need for modifications first came to light in September, following a forum that solicited feedback from the public about the retail and leisure project.
There was no reported change to EuropaCity's 2024 completion target.