Siemens site in Frankfurt to become Schönhof Quarter

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 residential quarter Schönhof Quarter. The Nassauische Heimstätte/Wohnstadt Group and the listed residential developer Instone Real Estate have joined forces on a project involving the former Siemens site in the city’s Bockenheim district. Together with Mike Josef, the head of Frankfurt’s planning department, the two companies recently presented the urban area development plan for the site. In recent months, the two companies have purchased around 125,000 sqm. 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 subsidised units (first and second German social housing subsidies), privately financed rental units and condominiums. The completion is scheduled for 2024.





Picture: Instone Real Estate