Blue Towers in Frankfurt Niederrad
“Transformation of two office towers into micro apartments“
Frankfurt-Niederrad is the near city district, which is developing from an office district to an urban living area, a modern combination of life, living and work.
In the Blue Towers, more than 350 bright and modern apartments for personal use are being built across 13 storeys in the towers and 6 storeys in an additional apartment block. The ground floor has space for shops, a gym, restaurants and offices. An all-round service including concierge services, facility management and additional services for personal use are available on request.
These are mainly 1 and 2-roomed apartments, which are available as either fully or partially furnished housing.
The ground floor will accommodate restaurants and shops. The two-storey underground car park offers more than 400 parking lots.
Completion is scheduled for mid 2019.
Residential park in Oldenburg
“Development of the Ammergauer residential park“
The development of a residential park with 16 residential units and a living area of around 1,313 m² is planned in Oldenburg (about 45 km west of Bremen). The Grounds purchased the property with a total plot size of 1,617 m² in 2017.
The building application will be filed in 2017 still. This project is not intended for The Grounds Group portfolio, an exit is possible per individual sales of the residential units in 2018 and/or upon authorisation of the building permit.
Micro apartment facility in Frankfurt am Main
At the end of September 2017, The Grounds Group purchased a plot with an area of 5,683 m² in the Gutleutviertel in Frankfurt am Main, in a central location close to the Main Station. The Grounds Group plans to develop a four-storey micro apartment facility (Boarding House) inclusive of an underground car park, restaurants, conference rooms and a gym.
The commencement of construction is expected at the beginning of 2019. It is intended to market the majority of these micro apartments individually for commercial use prior to the start of construction.
Hotel Terminal 3, Neu Isenburg (Frankfurt am Main)
The Grounds Group plans erecting a commercially used micro apartment facility or alternatively a hotel with an adjacent underground car park on the 8,400 m² plot at Terminal 3 (Neu-Isenburg) of Frankfurt airport, which is still under construction, it was purchased at the beginning of October 2017.
Since it is not yet clear whether the multi-year lease agreements with existing tenants for the currently existing building on this site will be extended, the exact planning period is still uncertain. Commencement of construction is intended at the beginning of 2020, corresponding with this, completion is scheduled for the simultaneous launch of operations of Terminal 3.
Site development Schwarzheide - residential properties
In Schwarzheide (about 110 km south of Berlin) The Grounds Group plans developing residential properties on a building ground of 10,000 m². Detailed project information has not yet been finalised, the construction concept still has to be coordinated with the municipality.
Development measures and construction could start as of 2019; completion of the residential property would then be possible around 2021.