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The fate of the old city center palaces, which elevate the uplifting and dramatic memories of history, has been pretty harsh in the 21st century until now. Today, the works of legendary designers and builders are destroyed and destroyed in the heart of Budapest. Renovation is always planned, of course, but nothing substantial ever happens.
Ballet Institute: It has been sold for 23 years and has been rotting ever since.
It is located in Andrássy út 25, in the Neo-Renaissance style. Turner palota, or better known as Ballet Institute, He has been challenging oblivion for many years. At the Architects’ Forum in September it was announced that the renovation of the building would begin and the impressive plans of the Banat + Hartvig Office of Architects were published.
Against the Hungarian State Opera, on behalf of the pension institution MÁV Ödön Lechner and Gyula Pártos the building was built according to his plans. Work began in 1883 and was completed in 1886.
In it rented apartments were built and later a three-storey café-restaurant, one of whose tenants was Béla Drechsler. One of the iconic and famous places of the time was the Drechsler cafe operated by him, thanks to which the name was later attached to the building, ie.
thus it became the Drechsler Palace.
In the heyday of the building, celebrities from cultural life visited the cafeteria and restaurant:
- Ferenc Liszt,
- Erkel Ferenc,
- Károly Goldmark,
- Richard Wagner
- is Gustav Mahler is.
The ballet is connected to the building by the fact that the ballet artist Ferenc Nádasi opened his private dance school on the first floor in 1936, and since 1949 the State Ballet Institute operated here, and since 1983 the Hungarian School of Dance, who finally took over the entire building.
After the regime change, the building’s decline began due to its intricate and difficult-to-follow ownership history. Since the Hungarian Dance School was moved in 2002, the building has been abandoned and its condition has steadily deteriorated. an Israeli development company, a Portuguese company, and the ruling Qatari family also emerged among its owners.
Budapest VI. The local district government sold the building in 1997 for 220 million guilders. The sale was noted for the low purchase price, among other things, after the 1998 municipal elections, the Fidesz city council renegotiated the contract and fought another 220 million for the municipality.
It has been on the agenda for over twenty years that the building can be used as a hotel, but this has not been the case to date.
In 2014, valasz.hu wrote that one of the members of Qatar’s ruling family, the president of the Islamic Bank of Qatar, bought the building. In 2017, the next twist came: hotel chain Marriott International announced that it would open the building as part of one of its luxury hotel chains, W Hotels Worldwide.
The news then wrote about the opening of 2020. The company has signed an agreement with QPR Properties Kft., Part of Constellation Hotels Holding, based in Qatar, for the introduction of the hotel brand in Hungary.
Only substantial steps have been taken in the last two to three years. An article in the Architects Forum recalls that in a fire in 1909, the entire deck chair in the building was lost and then suffered further, disadvantageous, alterations in the years after reconstruction. The architect Bánáti + Hartvig’s office was faced with the serious task of renovating the listed building after
Lechner’s legacy was heavily damaged and the original plans were only incompletely preserved.
When will something leave the hotel? We can safely rule out opening this year.
Stock Exchange Palace: the state of siege remains
Located in Szabadság Square in the 5th district Stock Exchange Palace you are a tv house As the headquarters of MTV known to most.
Building Ignác Alpár It was built between 1902 and 1907 according to his plans. It housed the Pest Stock Exchange until 1948, then the Lenin Institute and the Hungarian House of Technology. From 1955 to 2009, Hungarian Television operated here.
Here took place one of the best-known events of the anti-government protests in the fall of 2006, which the public may remember as the siege of the MTV headquarters.
It has been vacant since 2009, in 2006 it was bought by the Canadian real estate development company Tippin Corporation, which deals with the renovation of listed buildings, for HUF 4.6 billion from ÁPV Zrt. Hungarian television rented the building for another three and a half years.
Reconstruction was delayed for years, but in 2018 it looked like the renovation could finally begin (in 2009, the visual designs were already in place). Three years ago, there were rumors that the old Stock Exchange Palace would be used as an office building and shopping center. It also didn’t turn into anything.
Postabank headquarters: ai don’t even know who it is
Although József Nádor square has been recently renovated and also received an underground garage, the old Gross house its fate is still in doubt. It is most notable for being founded in 1988. Postabank és Takarékpénztár Rt. was established until 2002.
During the Postabank panic of 1997, customers also broke into this building to gain access to their money.
The classicist style palace Gross ferenc built by order of the merchant Hild József according to his plans between 1824 and 1825. Later it operated as a financial center, brewery and restaurant, and later as a restaurant.
From 1872 to 1878 he ran a restaurant here. János Gundel, the founder of the famous gastronomic dynasty. For a short time after World War I, it was owned by the Hitelbank food buying group, reopened as a restaurant and then as a restaurant starting in 1937, and cabaret performances were held since the late 1940s in the main hall of the restaurant for some time.
During the Second World War, the facade was bombed in 1944 and completely restored in 1954. From 2005 to 2009, the building’s courtyard housed a nightclub called Soda Courtyard.
It could be a separate story that who owns the building privatized in 2005.
In 2015, the Saudi businessman with good government relations came, Ghaith pharaon interest and seemed to become a luxury hotel. However, the pharaoh died unexpectedly in 2017 and the heirs filed a lawsuit for his real estate in Hungary. At the moment, it is not possible to know exactly who should be angry about the continued depreciation of the former Postabank headquarters.
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