Zurich: Residential development planned in Altstetten
Two municipal foundations and the real estate administration of the city of Zurich are jointly realizing a large housing development for the first time. A new housing estate is planned in Zurich-Altstetten.
A large residential development with a high-rise building is to be built on the Letzibach D site in the Altstetten district. The developers are the Liegenschaftenverwaltung der Stadt Zürich (LVZ) and the two municipal foundations Stiftung für Alterswohnungen (SAW) and Stiftung Wohnungen für kinderreiche Familien (SWkF). The city of Zurich acquired the approximately 10,000-square-meter site between Hohlstrasse and Gleisfeld from the SBB in 2013 for CHF 18.1 million. The aim was to enable non-profit housing construction here.
265 apartments planned
Gut&Schoep Architekten and Neuland ArchitekturLandschaft emerged as the winning team from the architectural competition in 2016. Plans call for a total of 265 apartments as well as commercial space, offices, studios, community rooms and a double kindergarten. The total costs are expected to amount to CHF 100.9 million.
The three developers will each receive autonomous building sections with their own building entrances in the overall development. In the lower part of the development, 53 SWkF apartments and 83 LVZ apartments are planned, while 129 SAW apartments are planned in the approximately 70-meter-high high-rise building.
The housing stock is made up of 1.5- to 6.5-room apartments with floor areas between 45 and 130 square meters. Over the entire housing estate, the share of subsidized apartments is 42 percent.
Referendum necessary
For the implementation of an architectural competition and the further development of the project, the city council initially approved CHF 1.85 million on its own authority. In order to cover the entire project planning costs, it now requested the municipal council to increase this amount by CHF 7.95 million to a total of CHF 9.8 million.
If the municipal council approves the project credit, the city council will later submit two building lease contracts for the foundations' housing estates to it. For the municipal housing estate, a referendum is also required in addition to approval of the project credit - expected to be just under CHF 44 million.
The building application for the project is scheduled for April 2019, and the referendum on the object loan for the LVZ housing estate could take place in May of the same year. Construction work would begin in April 2020, and the first tenants could move in in May 2023.
