The CDO – as can be seen from the name itself – is “an office in the city centre.” The surroundings of the building are fashionable and lively. Thanks to urban development projects the building and its surroundings are being renovated, while traffic in the vicinity of the building will become scarcer. The Piarist Alley currently shut down will be transformed to connect Váci Street with the newly redone Danube Prom, thus becoming the focal area of the town layout.

As a part of the Heart of Budapest Project the following changes will be realised, which will have a positive influence on the building’s position and surrounding:

  • During the first phase of the project accepted by the state in 2007 and supported by the European Union Kálvin Square and its surroundings will be transformed parallel with the construction of Metro line no. 4. Kecskeméti Street will become a traffic-free zone together with the end of Baross Street, while two underground parking facilities will be built near the Market Hall in Bástya Street. This is how the Pest Main
    Street will be developed on the axis of Kálvin
    Square, Kecskeméti Street, Petőfi Sándor
    Street, 6th of October Street and Szabadság
  • The upper wharf will be transformed into a
    prom connected to the northern Danube Prom.
    The March 15 Square will be revamped and
    traffic will be banned from it. Northern areas
    of the City Centre, such as Roosevelt Square,
    Deák Square, Károly Boulevard and the
    Townhall block will all be renovated.
  • The next phase to be carried out in the long
    run affects the vicinity of Kossuth Lajos Street,
    which will be turned into a pedestrian-shopping
    area. According to long term goals, instead of
    the underground traffic crossing at Ferenciek
    Square, a single tunnel will be built for through-
    traffic beneath Kossuth Lajos Street running all
    the way to Astoria. Local traffic will flow on the
    surface in two single-lanes, while the end of
    Károlyi Mihály Street and the beginning of
    Petőfi Sándor Street will become pedestrian