Essen/Dortmund, 16 December 2019:
Instone Real Estate, one of Germany’s leading residential developers,
just kicked off an integrated project development in Dortmund by hosting
an urban-planning
qualification procedure. The
acquired project property measures around 1.7 hectares and potentially
provides enough space for a gross floor area of around 30,000 square
metres. In addition
to the primarily residential use, the plans also call for the creation
of commercial premises. The Gartenstadt sub-district in Dortmund, which
includes the site on Max-Eyth-Strasse, counts among the city’s finest
residential locations because of its proximity
to the inner city and its use of open spaces.
The qualification procedure initiated by Instone serves the purpose of
developing an urban-planning design that optimally integrates the new
residential quarter in the existing structure of the southern part of
Gartenstadt while creating residential accommodation
for various groups of occupiers. In addition to privately financed apartments, the project is supposed to include subsidised housing.
The
qualification procedure will serve as basis for the local development
plan yet to be drafted, and will be facilitated by the Dortmund-based
planning firm of scheuvens + wachten plus planungsgesellschaft
mbH. The opening colloquium took place on 03 December 2019 while the
jury meeting is scheduled for 04 March 2020. A total of four planning
firms are participating in the procedure, all of them with a proven
track record in urban planning and housing development.
Source : Instone Real Estate