La Courneuve Six-Routes

courneuve
Project box

Geographical area: Europe

Location: La Courneuve, France

City size: Small (between 50,000 and 250,000 inhabitants)

Promoter: Municipality of La Courneuve

Developer: Municipality of La Courneuve and Société du Grand Paris

Start year:

End-year:

Implementation phase: Implementation in progress

Project size: Neighborhood

Total area of intervention (in sqm): 90.060

Total investments (in USD): 31 million

Project overview

The Courneuve Six-Routes project is located in the Municipality of La Courneuve, sited at the northwest side of Paris. The project is a comprehensive redevelopment initiative centered around a new metro station and its immediate surrounding areas. The land is owned by the Municipality of La Courneuve, which has granted development rights to the public company Société du Grand Paris. The project's total cost, excluding the building complex above the metro station, is approximately USD 31 million. The funding sources, excluding the building complex on the station, come from the public companies and authorities Seine-Saint-Denis Department, Société du Grand Paris, Territorial Public Establishment Plaine Commune, and the Territorial Public Establishment Ile-de-France Mobility. The primary project developer is the Municipality of La Courneuve, which initiated the project by signing a Territorial Development Contract with the National Government of France. This contract assigned the development rights to the Société du Grand Paris, responsible for the Grand Paris Express project and the new La Courneuve Six-Routes metro station. The Seine-Saint-Denis Department oversees the public works related to urban streets and highways, while the Territorial Public Establishment Plaine Commune manages the urban and territorial planning and the Joint Development Zone (ZAC) project in La Courneuve. The Territorial Public Establishment Ile-de-France Mobility is responsible for the regional urban transportation network. The planning phase started with the establishment of the Joint Development Zone in La Courneuve, followed by the signing of the Territorial Development Contract. The Courneuve Pole Committee, composed of various public bodies and developers, oversaw the planning process, which is divided into three phases. From July to November 2016, the Committee analyzed and selected the intervention area. Then, until December 2018 the Committee developed and analyzed several different development scenarios regarding mobility and interconnections. Lastly, from Aprile 2018 to March 2019 the final project for the redevelopment was selected. The masterplan, created by architectural studios TVK Architectes Urbanistes, OLM Paysagistes, and Alto Step, includes 1,120 new housing units, a school complex, offices, commercial spaces, and a new underground car park with 950 parking spaces. The private developer Pichet is responsible for developing the residential building above the metro station, designed by Paillard Architecture. The implementation of the project began in 2020, with the new metro station expected to be operational by 2024. The Société du Grand Paris is executing the major infrastructural work for the metro, while the Development Plaine Commune handles the redevelopment of the entire surrounding areas. The Territorial Public Establishment Plaine Commune and the Seine-Saint-Denis Department are responsible for redeveloping the adjacent streets and highways, respectively. Lastly, the Territorial Public Establishment Ile-de-France Mobility is appointed to manage the local mobility infrastructures. The project will significantly impact the economic, social, and environmental aspects of La Courneuve. The new metro station and area development will boost real estate values, attract new businesses, and create jobs, enhancing the attractiveness of the entire Municipality. In addition, the project will improve urban mobility with the new Grand Paris Express metro, improve traffic flow and implement pedestrian walks and bicycle paths. In addition, the renovation will provide residents with 1,120 new housing units. Environmentally, the project includes several green areas, thus promoting biodiversity and climate mitigation, and aims to reduce traffic emissions through enhanced public transportation and sustainable mobility options.

The total surface of the redevelopment is divided between residential buildings (78,700 sqm), offices (4,600 sqm), commercial activities and services (5,050 sqm) and transportation (1,555 sqm).

Benefits

The new metro station project and the development of the surrounding area will significantly increase the real estate value of the adjacent buildings, benefitting residents and landlords. In addition, the project will provide commercial spaces and offices which will attract new businesses to the area and provide new job opportunities for residents. The overall attractiveness of the Municipality will increase, fostering potential economic growth in the next years.

The development of the metro station and the surrounding area will have important environmental effects. The project will implement several green areas across the neighborhood, providing climate mitigation and fostering biodiversity in the area. In addition, the new metro station, the pedestrian walks and bicycle paths will reduce the traffic flow in a vast area, with consequent benefits in terms of reduction of emissions and pollution.

The renovation project will significantly benefit the mobility of the entire area surrounding the new metro station. Firstly, the metro station will host line 16 and line 17 of the circular line Grand Paris Express, improving the connection of La Courneuve with the rest of the city. In addition, the infrastructural works will improve traffic flow by renovating both urban streets and the highway. Lastly, the implementation of new pedestrian walks and bicycle paths will further encourage sustainable mobility options in the Municipality. The connectivity and mobility within the neighborhood will further improve with the opening of new public and open spaces. Besides mobility, the project will provide affordable and new housing options to the residents of La Courneuve by creating a total of 1,120 new housing units.

The Courneuve Six-Routes project did not receive any environmental certification.

Finance model

The redevelopment project saw the main participation of public funding, coming in major part from the Seine-Saint-Denis Department. In addition, private funding has been used by the private developer Pichet to fund the development of the building above the metro station.

The La Courneuve Six-Routes project has been financed employing a total of around USD 31 million, which does not include the building complex above the metro station. The project has been financed by the Seine-Saint-Denis Department (43%), the public company Société du Grand Paris (28%), the Territorial Public Establishment Plaine Commune (15%) and the Territorial Public Establishment Ile-de-France Mobility (14%). In particular, the Société du Grand Paris employed equity resources to finance the entire redevelopment, while the other public authorities employed direct government grants and different development fees. In addition, the private developer Pichet also employed equity resources to finance the development of the complex above the metro station. The Société du Grand Paris employs equity coming from a variety of sources. The public company receives direct funding from the European Union and from national funding from the taxes collected in the Ile-de-France region. In addition, the Société du Grand Paris acquires resources from the bond market, having issued its first green bond - the Green EMTN program.

References and Credits

SUR Lab Bocconi (2023). Deliverable ATM 2.

Image from Land'Act, retrieved here.