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Restoration and reuse of Exchange Place, Budapest, Hungary

Friday 01 May 2009

A Beaux Art beauty

Courtesy Beyer Blinder Belle 
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Designs unveiled for Budapest Stock Exchange reuse 

New York architect Beyer Blinder Belle has unveiled concept designs to transform the Budapest Stock and Commodities Exchange, which has been closed for to the public for half a century, into a vibrant mixed-use center. The new building will house 246,000 sq ft of Class A office space on the upper floors with retail space and a café on the ground level.

The monumental Beaux Arts building, originally designed in 1905 by Ignacz Alpar, is notable for its many ornamental details in the Art Nouveau style of the Hungarian Secession. Originally built to house the Stock Exchange the building has served many uses through the years including as a military hospital during World War I, as the Lenin Institute after World War II and most recently as the headquarters of the Hungarian state television corporation. The proposed design will preserve and restore many of the historic elements of the interior, most notably the main entrance stair hall and the central domed rotunda. Long concealed portions of the original walls and ceilings such as ornamental plasters, cornices, brackets and balustrade will be restored and incorporated into modern office spaces. The original ornate stone and stucco facades and wooden window frames will be restored, as will the ground level entrances and storefront.

The design has been submitted to the National Office of Cultural Heritage for approval.

Sharon McHugh
US Correspondent

Key Facts

Status Concept designs
Value 0(m€)
Were you involved in this scheme?
Beyer Blinder Belle

More projects by this architect

Red Star Line Museum

Natick Collection

Historic Courthouse on Judiciary Square

Exchange Place

The New Domino

Natick Collection

Central Place


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