Discussion surrounding the former police department at the heart of the republic, located between the fair and the main station, is slowly turning tragic: the old venerable building is empty and forfeited. Since the departure of the police, several attempts have failed to renew the site. The city of Frankfurt am Main has the right to plan but the property belongs to the country. The state of Hesse has so far established a halt with the construction of the subway tunnel that will run underground.
The area stands at 80 million euros in the books of Hessian Finance Minister Thomas Schäfer (CDU). This sum is due to the fact that an office building with a height of up to 145 meters is able to be built at this location, according to the high-rise master plan. However, office buildings are currently not particularly popular in Frankfurt compared to the booming housing market. It is therefore questionable whether the amount raised by the state of Hesse would ever be paid by an investor if it were to be assumed that only a single use of the land would arise: “The country has speculated,” says Ulli Baier (Greens). The Minister of Finance had to make a valuation adjustment, but it was difficult.
In the plenary session of the city parliament, a participant said that the long delay had been superfluous and the line must now be pulled. On the request of the black-red-green coalition, it was decided to revise the development plan. The aim is to allow more residential construction at this location. At the same time, however, this would mean that less or no citizenship-holder provided it. It is therefore unclear how this will change the values of the state of Hesse. It is also open as to whether a 145-meter high-rise building is even to be allowed. Mike Josef, who is the planning director, recently expressed his opinion that he could imagine several smaller high-rise buildings together in a group. Josef does not only imagine a mixture of offices and apartments on the premises, but also a gym for the neighboring Falkschule, and cultural facilities, a hotel or a medical center are also conceivable. According to the currently valid development plan, buildings with a total area of around 100,000 square meters are possible.
The goal is not to confront the State of Hesse. Rather, the State of Hesse should finally make a decision so that the entire area can be built up rapidly.