Press release

Start of demolition works for the Schönhof Quarter

The demolition works for the new residential quarter in Frankfurt-Bockenheim have begun.

Ralf Werner, Instone Real Estate-branch manager Rhein-Main, Frankfurt's Director of Planning Mike Josef and Dr. Constantin Westphal, Nassauische Heimstätte Managing Director. Picture: NHW / Sabine Antonius. (f.l.t.r.)

Frankfurt am Main, 05.12.2019: Frankfurt's Director of Planning Mike Josef, Nassauische Heimstätte Managing Director Dr. Constantin Westphal and Instone Real Estate branch manager Ralf Werner came to the future quarter for commencement of the demolition works for the new Schönhof Quarter. The excavators are now working their way through the vacant administrative buildings on fallow land near the Frankfurt West railway station, where the Siemens Group had a branch until 2016. Over the next five years, Nassauische Heimstätte I Wohnstadt, Hessen's largest housing company, will develop over 2,000 apartments here together with residential developer Instone Real Estate. The demolition works will take around six months. The new quarter will also have a 28,000 square metre park with a central square, a total of five daycare centres and one of the first hybrid schools in Germany to combine housing and a primary school with a sports hall under one roof.

"In the Schönhof Quarter the course is being set for the future in numerous ways. With the hybrid school concept and green classroom, we are adopting innovative ideas that already work well in other European cities. In addition to urgently needed housing, the planned park will create a lively and mixed neighbourhood that all Bockenheim residents will also benefit from. The 2.8-hectare park will open up previously developed areas," said Frankfurt's Director of Planning Mike Josef.

Dr. Constantin Westphal, managing director of Nassauische Heimstätte | Wohnstadt, pointed to the high level of subsidization for apartments in the Schönhof Quarter: "We are building a socially mixed and family-friendly quarter for everyone. I am particularly proud that we have been able to increase the share of subsidized apartments in the Nassauische Heimstätte buildings to around 45 percent."

The two project partners are aiming for a high level of architectural diversity and quality and have therefore divided the quarter into different building sites. Competitions or multiple commissions are planned for these in order to increase the quality of the buildings. In the summer of 2019, a Europe-wide architectural competition for the buildings in the middle of the quarter was held, in which 100 firms took part. The competition for two further building sites has also concluded.

"The project is a very good example of how a private residential developer and state-owned housing association can complement each other well and create social and attractive housing together," said Ralf Werner, Instone's branch manager for the Rhine-Main region. "With the start of the demolition works we have reached the next phase leading to the Schönhof Quarter."

Press Contact
Instone Real Estate
Michael Lippitsch
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10179 Berlin
Tel.: 030 2844987-47
Fax: 030 2844987-99
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Nassauische Heimstätte Wohnungs- und Entwicklungsgesellschaft mbH
Schaumainkai 47
60596 Frankfurt am Main
Jens Duffner (Pressesprecher)
T: 069 6069-1321
F: 069 6069-5-1321
Mail: jens.duffnernaheimst "«@&.de