Basel: Apartments instead of hotel for Erlenmatt district
Contrary to initial plans, the Erlenmatt Quarter in Basel will not be getting a hotel after all. Only retail and office space and rental apartments are planned on a gross floor area of around 44,000 square meters.
The reason for the change in plans, according to a report by the DailyWeek the rising demand for rental apartments in Basel. About 95 percent of the 570 apartments in the western part of the Erlenmatt-Galerie have already been rented out, he said. Now, 300 apartments are to be built on construction site A instead of just 200. These should be ready for occupancy by 2018.
The Erlenmatt quarter has been projected for seven years and has been repeatedly rescheduled during this time. Socimbal AG is behind Galerie Erlenmatt AG. Losinger Marazzi has been commissioned with the development of the 11,000 sqm construction site A, which is located at the site entrance. (ah)
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