Swiss construction and real estate company Implenia is planning a €100 million residential development in German city Darmstadt, near Frankfurt, and has concluded the site acquisition from the city authorities.
The company has acquired Marienplatz which is a 1.4 hectare area of waste ground in the centre of the city that has been used as a temporary car park. A 30,000 sq m “meandering” residential development (pictured left) will be created with a day-care centre and separate 15-storey high-rise.
The developer said that pressure on housing in the university town has indicated that a residential scheme to suit different user groups was required. Designs incorporate above-average environmental credentials as well as alternative mobility facilities. Vehicle use will also be minimised by the inner city location. A high proportion of wood will also be used in construction. About 25% of the gross floor space will be used for social housing and at least 20% for middle income occupiers.