The Nassauische Heimstätte/Wohnstadt Group and residential developer Instone Real Estate have joined forces to transform Frankfurt’s Siemens site into a family-friendly residential, working and recreation quarter.
The two companies have purchased around 125,000 square meters at the site — roughly half of the total area slated for redevelopment — in the past few months. They unveiled their plans for the areas in a recent presentation, together with Mike Josef, the head of Frankfurt’s planning department. Currently dominated by office buildings, production halls, wasteland and parking lots, the area will be renamed the Schönhof Quarter and will become home to a lively mixed-use part of the city.
Situated in the German financial center’s Bockenheim district, more than 2,000 residential units will be built on the two companies’ sites in the eastern part of the planned neighbourhood. The idea is to build a mixture of subsidized units, privately financed rental units and condominiums.
A primary school will also be built on the quarter’s main square. The ground floor of the opposite building will provide space to retailers to ensure that residents have convenient access to local shops. Nassauische Heimstätte and Instone will also build several day care centers and a large public park on the site. The companies hope that a public square and additional green spaces between the buildings will also help make the Schönhof Quarter a family-friendly residential neighborhood.
“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,” said Josef. “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.”
Peter Klarmann, head of project development at Nassauische Heimstätte, said that the companies wanted to start building as soon as possible, with a planned completion date set for 2024.
“We are striving for high architectural quality and diversity and will commission a variety of architectural firms to produce designs,” added Ralf Werner, head of Instone’s Rhine-Main branch. “The Schönhof 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 neighborhoods.”
