Nassauische Heimstatte/Wohnstadt Group and Instone Real Estate have joined forces on a project involving the former Siemens site in the Frankfurt’s Bockenheim district. Together with Mike Josef, the head of Frankfurt’s planning department, the two companies unveiled the urban area development plan for the site. In recent months, they have purchased around 125,000m², or roughly half of the total area slated for redevelopment.
Frankfurt’s Siemens site is currently still dominated by office buildings, production halls, wasteland and parking lots. But in future, it will become home to a lively residential quarter called the Schonhof Quarter, as more than 2,000 residential units will be built in the eastern part of the planned neighbourhood. The idea is to build a mixture of subsidised units (first and second German social housing subsidies), privately financed rental units and condominiums.
“As part of a brownfield development strategy, we will be building a diverse residential quarter for all segments of the population that will include the necessary infrastructure. In the western part of the site, we also plan to develop an urban area where living and working spaces can exist side by side, allowing current businesses to continue operating there,” Josef explains. “Nassauische Heimstatte and Instone will also build several day care centres and a large public park on the site. A public square and additional green spaces between the buildings will help make the Schonhof Quarter a family-friendly residential neighbourhood with a high quality of life.”
“We want to start building quickly as soon as we are able to submit the first building applications next year. Provided everything goes well, we will be finished with the Siemens quarter in 2024,” says Peter Klarmann, head of project development at Nassauische Heimstatte.
“We are striving for high architectural quality and diversity and will commission a variety of architectural firms to produce designs. The Schonhof Quarter will offer an integrated, modern concept that combines living, working and recreation. This is an excellent opportunity for both companies to leverage their expertise in the development of urban neighbourhoods,” says Ralf Werner, head of Instone’s Rhine-Main branch.