Main Project: Alicante Central Park

The Alicante Central Park project stands as the most ambitious urban development in the city in recent decades. Conceived as a major green axis and urban regeneration initiative, it will completely transform one of Alicante’s most strategic areas, integrating nature, housing, and mobility into a single space.

Location and Scope

The project is being developed on the current railway land, within the area known as Operación Integrada 2 (OI2), one of the largest available urban land reserves in the city.

• Total area: approx. 468,000 m²
• Park surface (pedestrian area): over 200,000 m²
• Park length: more than 2 km (up to 2,100 m)

The park will connect neighborhoods historically separated by railway tracks, such as:

• San Blas
• Benalúa
• Alipark
• Ciudad de Asís

This aspect is key from a real estate perspective, as it removes a long-standing urban barrier and increases the value of large residential areas.

Urban Concept: A Large Linear Green Axis

Alicante Central Park is designed as a continuous, linear green lung crossing the city from west to east.

Main features:

• Large landscaped pedestrian corridor
• Landscape integration over railway infrastructure
• Connection with other green spaces in the city

Unlike previous proposals, the current design focuses on:

• Covering the railway tracks with landscaped platforms instead of fully burying them
• Creating accessible green terraces with pedestrian pathways

Railway Infrastructure and Mobility

One of the key aspects of the project is the integration of the railway system:

• Partial undergrounding of tracks through green coverage
• Elimination of the barrier effect between neighborhoods
• Development of an intermodal station connecting:
  • Long-distance trains
  • TRAM
  • Urban and interurban buses

The intermodal station is one of the few elements with a clearer timeline:

• Expected to be operational around 2029

Associated Real Estate Development

This is not just a park, but a comprehensive urban operation with a strong residential component:

• Around 1,400 housing units planned
• Approximately one-third will be public housing
• New residential developments in the western area

Additionally, the project includes:

• Commercial spaces
• Offices
• Hotels (especially around the station)

 For the real estate sector, this represents the creation of a new urban centrality axis with high investment potential.

Investment and Funding

• Estimated budget: around €420 million
• Joint funding from:
  • Government of Spain
  • Generalitat Valenciana
  • Alicante City Council

This level of investment makes it one of the largest urban projects in southeastern Spain.

⚠️ Current Project Status

Despite its scale, Alicante Central Park is still in an early stage:

• ❌ No final approved project
• ❌ No clear execution timeline
• ✔️ Official presentation took place in 2026 after decades of proposals

In practical terms, it is currently a strategic proposal under development rather than an active construction project.

Public Debate and Controversies

The project has sparked significant public debate:

Main criticisms:

• Excessive focus on real estate development
• Concerns about the actual amount of green space
• Rejection of the decision not to fully bury the tracks
• Lack of concrete progress after 20–30 years of proposals

Residents’ demands:

• Prioritize building the park before housing
• Greater transparency and citizen participation

Urban Impact and Opportunities

From the perspective of Sun and Sea Real Estate, Alicante Central Park represents:

✔️ Property value increase

• Rising prices in surrounding neighborhoods
• New residential and commercial investment opportunities

✔️ Urban regeneration

• Transformation of underutilized land
• Improved quality of life and urban environment

✔️ New centrality

• Creation of a strategic axis combining transport, housing, and services

Alicante Central Park represents a historic opportunity to redefine the city. Although uncertainties remain regarding timelines and execution, its potential impact on the real estate market, connectivity, and urban quality is enormous.

For investors, buyers, and developers, this project marks the beginning of a new phase in Alicante’s development, with a clear focus on sustainability, urban integration, and strategic growth.