The remnants of unused railway areas are located close to the main city center, and the area is building on the already successful transformation of former industrial and railway areas into the dynamic Anděl area in Smíchov. The transformation of Smíchovské nádraží railway station has been prepared over a long period of time with cooperation from the investor - the owner of the land, the Prague 5 district, local residents, Prague City Hall and state institutions, as the conversion also includes the transformation of Smíchovské nádraží railway station into a modern transport terminal (according to the study by the A69 architectural studio), which will unify the current transport nodes in Smíchov and offer faster and easier transfers between different modes of transport (train, bus, public transport, metro, P+R parking).

The Smíchov City project will be built on the remainder of the area next to the transport terminal. Its northern part will accommodate up to 1,000 new inhabitants and will be built in the form of traditional residential blocks subdivided into individual buildings that differ in typology and appearance thanks to the involvement of several architects in an attempt to achieve the structure and scale of a naturally developing city. In the southern part of Smíchov City, a multi-functional district will be built according to the winning design by Baumschlager Eberle Architekten and Pavel Hnilička Architects, dominated by the new Česká spořitelna headquarters. The two parts of the area, with Smíchovské nádraží railway station on one side and Na Knížecí square on the other, will be connected by an almost kilometer-long pedestrian avenue in the form of a longitudinal park. The first buildings are already being completed in the northern part, with construction of the transport terminal due to start in 2024.