Essen/Mannheim, 17 May 2019: Six new shells have been completed on schedule in the Mannheim quarter of FRANKLIN-Mitte. Yesterday, Thursday, residential property developer Instone Real Estate celebrated the topping out for the "living rooms" project together with the participating planners and project partners. 96 condominiums, 88 and thus 90 percent of which Instone has already sold at this point, are being built on Thomas Jefferson Straße in the central location of the new, future-oriented FRANKLIN quarter. For the "living rooms" project Instone expects a total sales volume of around EUR 34 million.
"Four of the six modern designed homes are already fully sold. The interest in the last eight apartments is also significant. The additional sales are about to be completed. We know we are building a highly attractive product at the right location," says Harald Meerße, managing director at Instone for Baden-Württemberg and Bavaria, who thanked all of those involved in the construction for their reliable work. Completion is scheduled for summer 2020.
Andreas Gräf, COO of Instone Real Estate, says: "As a growing university city and business location with big employers and an exciting startup scene, Mannheim is highly interested in new residential developments. Instone is already developing 105 rental apartments for Industria Wohnen in the immediate vicinity and we are proud to add another building block to the new FRANKLIN quarter with the 96 'living rooms' condominiums."
With FRANKLIN, a new quarter for around 9,000 people is being built in Mannheim on the site of a former housing estate for US soldiers. The area roughly corresponds to the size of the Mannheim city centre. Around 50 hectares of green areas will be included in the quarter, which was planned based on aspects of an overall social and ecological concept.
Instone Real Estate
c/o RUECKERCONSULT GmbH
Tel.: 030 2844987-47