Strijp S, a 27 hectares industrial site owned by Philips, will be developed into a new district over the next 15 years. It will see 1,600 houses and 100,000 mÂ² of office space. Substantial recreational amenities also form part of the plan.
Construction is estimated at EUR 700 mln according to Koninklijke Volker Wessels Stevin, the project developer that will cooperate with the Municipality of Eindhoven. The municipality will buy the land from Philips for an estimated EUR 140 mln.
Presently five monumental factories dominate the site, all having acquired the status of National Monument. They will remain and will be redeveloped into apartments or offices.
Park Strijp, the new name of the district, is located near the city?s center. Design is by Prof H. Bakker of urban development company BVR. It is expected that construction will start in 2006.
(source: Municipality of Eindhoven)