Positive development in the city of Mainz necessitated the speedy earmarking of further urban areas for residential construction.
We managed to acquire an eight-storey office complex with an underground car park, known as the ‘Blauer Fritz’ (‘Blue Fritz’), as well as a plot on Wilhelm-Theodor-Römheld-Strasse used as a car park. The idea of creating a desirable residential area for families at this mixed commercial site was seen as a challenge – and proved to be a courageous and correct decision.
Together with the city of Mainz, we held an urban design competition, which was won by the architectural firm Giesler in 2014. Their urban planning concept envisaged the construction of large, stand-alone townhouses that run parallel to the road in two tiers. The open spaces evolve according to their function and are separated from the public areas on the road by a semi-public pocket park, which features communal amenities such as a playground and barbecue area in the upper section and extends all the way to the private gardens.
All 93 rental apartments on Wilhelm-Theodor-Römheld-Strasse were sold as a forward deal to the Stuttgart-based GWG Group. Prior to their completion, we mainly marketed the 100 freehold apartments to young families, meaning that the project consciously supports the transformation of this commercial quarter into a vibrant and diverse urban district.