Zurich: Start of construction for Allreal project in Albisrieden
Allreal is building a development with more than 100 condominiums and rental apartments on Spiserstrasse in Zurich-Albisrieden.
Allreal will start construction of a residential development at Spiserstrasse 14-18 in Zurich Albisrieden before the end of January. According to the company, this is an in-house project with a total of 63 condominiums and 43 rental apartments. Allreal is building the rental apartments on behalf of Leutwyler Dienstleistungen AG.
Completion of the new seven-story building, which will be built to the Minergie Eco standard and have a floor area of over 10,000 square meters, is scheduled for summer 2025. The apartment mix includes units with 2.5 to 5.5 rooms in the condominiums. The rental apartments are somewhat smaller with 1.5 to 3.5 rooms.
According to Allreal, construction will begin in the second week of January with the demolition of the existing properties. The work is expected to take around two and a half years. Completion of the overall project is expected in summer 2025.
Allreal puts the investment volume at CHF 75 million. The construction sum attributable to Leutwyler is around CHF 18 million. (ah)
