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Manifattura Tabacchi Florence (MT) is the largest regeneration project ever experienced in the city, insisting over an area of 6 hectares comprising 16 buildings and several squares and streets, located closely to the city centre. The site opened in 1940 to host the State-owned production of tobacco and cigars; for almost 50 years, MT has been an active production site, employing up to 2500 workers.

Passing through the major historical events of the 20th century, MT has represented an important working site for the city, as well as a symbol of community, sense of belonging and social ties that today’s senior citizens still tell about with nostalgia and sense of loss. The site officially closed in 2001 and remained abandoned for almost 20 years.

In 2016, MT was acquired by a joint venture between Cassa Depositi e Prestiti and Aermont, for an overall investment of around 250 M€. The regeneration project, which started in 2017 and is expected to be finished by 2024, focusses on the creation of an urban hub dedicated to contemporary arts, culture and creativity in the new millennium, as a way to project Florence into the future and help the city expand a positioning that is often stuck into the Renaissance, and that is mainly prerogative of tourists.