Zurich: CS pension fund wants to develop Brunaupark site

A "residential district with significantly more living space, spacious green areas and contemporary shopping facilities" is to be created on the heterogeneously built-up Brunaupark site by 2026, the Credit Suisse pension fund said in a press release.

The building at Wannerstrasse 31-49 with 166 apartments will remain, while the other buildings are to be replaced by new constructions. A total of almost 500 apartments with rents in the middle price segment are to be built, and green spaces and gardens up to 35 meters wide with squares and paths are also planned. The shopping center on the site will be completely renovated, and the roof will also be greened and open to the public. Migros will remain on site with a supermarket, restaurant and specialist stores, according to the CS pension fund. A project by Adrian Streich Architekten is being realized.

According to the press release, the new Brunaupark will be built in two phases. In the first phase, the shopping center will also be renovated. The tenants of the first construction phase have been given notice to vacate their apartments at the end of June 2020, while the remaining 164 apartments will be vacated at the end of June 2023.

According to the City of Zurich, 92 apartments are subject to rent control until 2023 and 78 apartments until 2026, which was contractually agreed between the City of Zurich and the pension fund in 2002. Initially, the city and the investor had agreed in a letter of intent that the remaining terms of the rent control for these apartments would be transferred to the new building with a premium of just under 30 percent and that 16 apartments would continue to be available at cost rent for a further 20 years.